Barclays Boosts Aercap (NYSE:AER) Price Target to $179.00

Aercap (NYSE:AER) had its price target hoisted by analysts at Barclays from $164.00 to $179.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price would indicate a potential upside of 16.67% from the company’s current price.

AER has been the topic of several other reports. Truist Financial upped their price objective on shares of Aercap from $159.00 to $161.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings downgraded Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. Susquehanna raised their price target on Aercap from $170.00 to $176.00 and gave the company a “positive” rating in a report on Tuesday. TD Cowen lifted their price objective on Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.75.

Aercap Stock Performance

NYSE:AER opened at $153.42 on Tuesday. The firm has a market capitalization of $25.60 billion, a PE ratio of 6.72, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. Aercap has a 12-month low of $105.65 and a 12-month high of $154.94. The firm has a 50-day moving average price of $142.10 and a 200 day moving average price of $142.86.

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

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

Institutional Trading of Aercap

A number of institutional investors have recently bought and sold shares of AER. Arkadios Wealth Advisors lifted its stake in shares of Aercap by 2.7% in the 4th quarter. Arkadios Wealth Advisors now owns 2,525 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 67 shares during the period. Wedmont Private Capital increased its stake in shares of Aercap by 3.9% in the 4th quarter. Wedmont Private Capital now owns 1,979 shares of the financial services provider’s stock valued at $290,000 after acquiring an additional 74 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Aercap by 7.1% in the 1st quarter. Parallel Advisors LLC now owns 1,110 shares of the financial services provider’s stock valued at $152,000 after acquiring an additional 74 shares during the period. Argentarii LLC boosted its stake in Aercap by 2.8% during the 4th quarter. Argentarii LLC now owns 2,793 shares of the financial services provider’s stock worth $402,000 after acquiring an additional 77 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in Aercap by 26.6% in the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

Aercap Company Profile

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.