Royal Bank of Canada Reaffirms “Buy” Rating for AerCap (AER)

AerCap (NYSE:AER)‘s stock had its “buy” rating restated by investment analysts at Royal Bank of Canada in a report released on Thursday.

AER has been the subject of a number of other reports. Zacks Investment Research raised AerCap from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Wells Fargo & Co set a $62.00 target price on AerCap and gave the company a “buy” rating in a research report on Friday, December 15th. Citigroup began coverage on AerCap in a research report on Friday, December 8th. They issued a “neutral” rating and a $57.00 target price for the company. UBS Group lifted their price target on AerCap from $44.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, November 9th. Finally, Cowen lifted their price target on AerCap from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. AerCap has an average rating of “Buy” and a consensus target price of $57.30.

Shares of AerCap (NYSE:AER) opened at $52.67 on Thursday. AerCap has a 12-month low of $42.35 and a 12-month high of $55.67. The company has a market capitalization of $8,163.10, a PE ratio of 7.77, a P/E/G ratio of 0.68 and a beta of 1.80. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.42 and a quick ratio of 0.42.

AerCap (NYSE:AER) last issued its earnings results on Wednesday, February 14th. The financial services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.29. AerCap had a return on equity of 13.84% and a net margin of 22.84%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company posted $2.01 EPS. The firm’s revenue was down 7.7% compared to the same quarter last year. equities analysts anticipate that AerCap will post 6.17 earnings per share for the current fiscal year.

AerCap declared that its board has initiated a share repurchase plan on Thursday, November 2nd that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Hedge funds have recently added to or reduced their stakes in the business. Ingalls & Snyder LLC boosted its stake in shares of AerCap by 0.3% in the 1st quarter. Ingalls & Snyder LLC now owns 7,700 shares of the financial services provider’s stock worth $354,000 after buying an additional 25 shares during the last quarter. Financial Architects Inc boosted its stake in shares of AerCap by 2.1% in the 2nd quarter. Financial Architects Inc now owns 2,536 shares of the financial services provider’s stock worth $118,000 after buying an additional 52 shares during the last quarter. Financial Counselors Inc. boosted its stake in shares of AerCap by 1.5% in the 2nd quarter. Financial Counselors Inc. now owns 7,065 shares of the financial services provider’s stock worth $237,000 after buying an additional 106 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of AerCap by 0.7% in the 1st quarter. Prudential Financial Inc. now owns 16,661 shares of the financial services provider’s stock worth $766,000 after buying an additional 108 shares during the last quarter. Finally, Huntington National Bank boosted its stake in shares of AerCap by 4.8% in the 2nd quarter. Huntington National Bank now owns 2,973 shares of the financial services provider’s stock worth $138,000 after buying an additional 136 shares during the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

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About AerCap

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.

Analyst Recommendations for AerCap (NYSE:AER)

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