AerCap Holdings (AER) Lifted to Strong-Buy at ValuEngine
AerCap Holdings (NYSE:AER) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.
Several other equities analysts also recently commented on the company. Citigroup Inc restated a “buy” rating and issued a $57.00 price objective (up from $54.00) on shares of AerCap Holdings in a research report on Monday. Royal Bank of Canada restated a “buy” rating and issued a $73.00 price objective on shares of AerCap Holdings in a research report on Friday, April 21st. FBR & Co restated an “outperform” rating and issued a $53.00 price objective on shares of AerCap Holdings in a research report on Monday, April 17th. Morgan Stanley downgraded AerCap Holdings from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $48.00 to $44.00 in a research report on Thursday, April 6th. Finally, Zacks Investment Research upgraded AerCap Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, February 23rd. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. AerCap Holdings presently has an average rating of “Buy” and a consensus price target of $55.44.
AerCap Holdings (NYSE:AER) traded up 2.42% during mid-day trading on Friday, hitting $44.50. The company’s stock had a trading volume of 1,566,984 shares. AerCap Holdings has a 52-week low of $31.45 and a 52-week high of $49.66. The stock has a market cap of $7.40 billion, a P/E ratio of 7.56 and a beta of 1.59. The company’s 50 day moving average is $44.86 and its 200-day moving average is $44.21.
AerCap Holdings (NYSE:AER) last announced its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $1.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by $0.07. AerCap Holdings had a net margin of 18.48% and a return on equity of 14.06%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the firm earned $1.53 earnings per share. AerCap Holdings’s revenue was down 6.2% on a year-over-year basis. On average, equities analysts predict that AerCap Holdings will post $5.81 EPS for the current fiscal year.
In related news, Director James N. Chapman sold 4,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $44.58, for a total value of $178,320.00. Following the sale, the director now directly owns 11,261 shares in the company, valued at $502,015.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Dikken Wouter Marinus Den sold 75,000 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $44.95, for a total value of $3,371,250.00. Following the completion of the sale, the chief operating officer now owns 203,419 shares in the company, valued at $9,143,684.05. The disclosure for this sale can be found here.
Large investors have recently bought and sold shares of the company. Financial Architects Inc increased its stake in AerCap Holdings by 97.0% in the first quarter. Financial Architects Inc now owns 2,484 shares of the financial services provider’s stock worth $114,000 after buying an additional 1,223 shares in the last quarter. Israel Discount Bank of New York purchased a new stake in AerCap Holdings during the first quarter worth approximately $124,000. James Investment Research Inc. purchased a new stake in AerCap Holdings during the first quarter worth approximately $146,000. Integrated Investment Consultants LLC increased its stake in AerCap Holdings by 33.3% in the first quarter. Integrated Investment Consultants LLC now owns 3,345 shares of the financial services provider’s stock worth $154,000 after buying an additional 835 shares in the last quarter. Finally, Greenleaf Trust purchased a new stake in AerCap Holdings during the first quarter worth approximately $216,000. Institutional investors own 89.40% of the company’s stock.
AerCap Holdings Company Profile
AerCap Holdings N.V. is an independent aircraft leasing company. The Company focuses on acquiring in-demand aircraft, funding them, hedging interest rate risk and using its platform to deploy these assets. It operates its business on a global basis, leasing aircraft to customers in various geographical regions.
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