Aercap (NYSE:AER) Price Target Raised to $176.00 at Susquehanna

Aercap (NYSE:AER) had its price target hoisted by analysts at Susquehanna from $170.00 to $176.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “positive” rating on the financial services provider’s stock. Susquehanna’s price target would indicate a potential upside of 14.72% from the stock’s current price.

AER has been the topic of a number of other research reports. Morgan Stanley lowered their target price on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Zacks Research lowered Aercap from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Truist Financial lifted their price target on Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings lowered Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. Finally, TD Cowen increased their price objective on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Aercap presently has an average rating of “Moderate Buy” and a consensus price target of $165.75.

Aercap Price Performance

AER opened at $153.42 on Tuesday. The firm has a 50-day moving average price of $142.10 and a 200-day moving average price of $142.86. Aercap has a twelve month low of $105.65 and a twelve month high of $154.94. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $25.60 billion, a price-to-earnings ratio of 6.72, a PEG ratio of 1.03 and a beta of 0.94.

Aercap (NYSE:AER) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. The company had revenue of $2.30 billion for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. Equities analysts expect that Aercap will post 17.23 EPS for the current year.

Aercap declared that its board has authorized a stock repurchase program on Wednesday, April 29th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Aercap

Several large investors have recently added to or reduced their stakes in AER. State Street Corp raised its holdings in shares of Aercap by 3.7% in the 4th quarter. State Street Corp now owns 5,112,626 shares of the financial services provider’s stock valued at $735,003,000 after acquiring an additional 184,425 shares in the last quarter. Mizuho Markets Cayman LP grew its holdings in shares of Aercap by 45,615.5% during the third quarter. Mizuho Markets Cayman LP now owns 3,510,491 shares of the financial services provider’s stock worth $424,769,000 after purchasing an additional 3,502,812 shares in the last quarter. Mawer Investment Management Ltd. grew its holdings in shares of Aercap by 56.3% during the fourth quarter. Mawer Investment Management Ltd. now owns 3,272,935 shares of the financial services provider’s stock worth $470,517,000 after purchasing an additional 1,179,241 shares in the last quarter. Ninety One UK Ltd increased its position in shares of Aercap by 1.1% in the fourth quarter. Ninety One UK Ltd now owns 2,804,003 shares of the financial services provider’s stock worth $403,103,000 after purchasing an additional 31,794 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Aercap by 2.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,738,772 shares of the financial services provider’s stock worth $393,726,000 after purchasing an additional 71,923 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

About Aercap

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.