AerCap Holdings Shares Gap Up After Strong Earnings (AER)
AerCap Holdings (NYSE:AER) gapped up prior to trading on Wednesday after the company announced better than expected quarterly earnings, StockRatingsNetwork reports. The stock had previously closed at $45.86, but opened at $45.90. AerCap Holdings shares last traded at $47.16, with a volume of 2,159,953 shares traded.
The company reported $1.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.43.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of AerCap Holdings in a research note on Wednesday. They now have a $60.00 price target on the stock, up previously from $52.00. Separately, analysts at Evercore Partners reiterated an “overweight” rating on shares of AerCap Holdings in a research note on Wednesday. They now have a $53.00 price target on the stock, up previously from $51.00. Finally, analysts at FBR Capital Markets raised their price target on shares of AerCap Holdings from $52.00 to $58.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $47.33.
The stock’s 50-day moving average is $44.86 and its 200-day moving average is $42.99. The company has a market cap of $5.449 billion and a P/E ratio of 18.97.
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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