Morgan Stanley Increases AerCap (AER) Price Target to $49.00

AerCap (NYSE:AER) had its price objective upped by stock analysts at Morgan Stanley from $48.00 to $49.00 in a report released on Tuesday. The brokerage currently has an “underweight” rating on the financial services provider’s stock. Morgan Stanley’s price objective points to a potential downside of 6.17% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded AerCap from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. Royal Bank of Canada dropped their target price on AerCap from $77.00 to $74.00 and set an “outperform” rating for the company in a research note on Tuesday, November 14th. Wells Fargo & Co set a $62.00 target price on AerCap and gave the company a “buy” rating in a research note on Friday, December 15th. Cowen upped 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. Finally, Citigroup started coverage on AerCap in a research note on Friday, December 8th. They issued a “neutral” rating and a $57.00 target price for the company. Two research analysts have rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $58.73.

AerCap (AER) traded up $0.26 during trading on Tuesday, hitting $52.22. The company had a trading volume of 158,668 shares, compared to its average volume of 1,354,544. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market capitalization of $8,210.51, a P/E ratio of 8.09, a PEG ratio of 0.69 and a beta of 1.80. AerCap has a 12-month low of $42.35 and a 12-month high of $55.67.

AerCap (NYSE:AER) last posted its earnings results on Wednesday, February 14th. The financial services provider reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.29. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. AerCap had a return on equity of 12.33% and a net margin of 21.36%. AerCap’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.01 earnings per share. research analysts expect that AerCap will post 6.28 EPS for the current fiscal year.

AerCap announced that its Board of Directors has authorized a stock buyback program on Thursday, November 2nd that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

A number of institutional investors and hedge funds have recently modified their holdings of AER. Cerebellum GP LLC acquired a new stake in AerCap during the fourth quarter valued at approximately $127,000. Financial Gravity Companies Inc. acquired a new stake in AerCap during the fourth quarter valued at approximately $130,000. Icon Wealth Partners LLC acquired a new stake in AerCap during the fourth quarter valued at approximately $134,000. We Are One Seven LLC acquired a new stake in AerCap during the fourth quarter valued at approximately $188,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in AerCap during the third quarter valued at approximately $208,000. 83.09% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for AerCap (NYSE:AER)

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