Aercap (NYSE:AER) has been assigned a $62.00 target price by equities researchers at Wells Fargo & Company in a research report issued on Friday. The firm presently has a “buy” rating on the financial services provider’s stock. Wells Fargo & Company’s price objective points to a potential upside of 18.96% from the company’s current price.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Aercap from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. Cowen raised their target price on Aercap from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Royal Bank of Canada cut their target price on Aercap from $77.00 to $74.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 14th. UBS raised their target price on Aercap from $44.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, November 9th. Finally, Citigroup started coverage on shares of Aercap in a research note on Friday, December 8th. They set a “neutral” rating and a $57.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Aercap presently has an average rating of “Buy” and a consensus target price of $57.55.
Aercap (NYSE:AER) traded down $0.46 during mid-day trading on Friday, reaching $52.12. The company’s stock had a trading volume of 1,268,600 shares, compared to its average volume of 1,236,753. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market capitalization of $8,308.48, a PE ratio of 7.68, a price-to-earnings-growth ratio of 0.71 and a beta of 1.84. Aercap has a 12 month low of $41.34 and a 12 month high of $54.50.
Aercap announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 2nd that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Thompson Siegel & Walmsley LLC grew its holdings in Aercap by 55.3% during the second quarter. Thompson Siegel & Walmsley LLC now owns 2,043,859 shares of the financial services provider’s stock worth $94,896,000 after acquiring an additional 728,189 shares during the period. Goldman Sachs Group Inc. grew its holdings in Aercap by 241.7% during the second quarter. Goldman Sachs Group Inc. now owns 774,330 shares of the financial services provider’s stock worth $35,953,000 after acquiring an additional 547,706 shares during the period. PGGM Investments acquired a new position in Aercap during the third quarter worth about $21,142,000. AJO LP grew its holdings in Aercap by 46.8% during the second quarter. AJO LP now owns 1,030,970 shares of the financial services provider’s stock worth $47,868,000 after acquiring an additional 328,529 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd grew its holdings in Aercap by 33.3% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,196,400 shares of the financial services provider’s stock worth $55,549,000 after acquiring an additional 298,681 shares during the period. Institutional investors and hedge funds own 85.87% of the company’s stock.
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Aercap 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.
