AerCap Holdings Sees Strong Trading Volume After Strong Earnings (AER)
Shares of AerCap Holdings (NYSE:AER) saw unusually-high trading volume on Tuesday following a stronger than expected earnings report, ARN reports. Approximately 1,367,246 shares were traded during mid-day trading, an increase of 84% from the previous session’s volume of 741,255 shares.The stock last traded at $45.23 and had previously closed at $44.48.
The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.43.
A number of analysts have recently weighed in on AER shares. Analysts at RBC Capital raised their price target on shares of AerCap Holdings from $48.00 to $53.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of AerCap Holdings from $46.00 to $48.00 in a research note on Monday, July 14th. Finally, analysts at Citigroup Inc. initiated coverage on shares of AerCap Holdings in a research note on Wednesday, June 25th. They set a “buy” rating and a $54.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. AerCap Holdings currently has a consensus rating of “Buy” and a consensus price target of $43.38.
The stock has a 50-day moving average of $44.84 and a 200-day moving average of $42.9. The company has a market cap of $5.165 billion and a price-to-earnings ratio of 18.39.
AerCap Holdings N.V. is an integrated global aviation company. The Company is engaged in the business of acquiring aviation assets at attractive prices, lease the assets to suitable lessees, and manage the funding and other lease related costs efficiently.
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