AerCap (NYSE:AER) had its target price upped by equities researchers at Morgan Stanley from $48.00 to $49.00 in a report issued on Tuesday, February 20th. The brokerage presently has an “underweight” rating on the financial services provider’s stock. Morgan Stanley’s price objective would indicate a potential downside of 3.47% from the company’s current price.
Several other brokerages have also recently issued reports on AER. Citigroup started coverage on AerCap in a research note on Friday, December 8th. They issued a “neutral” rating and a $57.00 price objective for the company. Wells Fargo & Co set a $62.00 price objective on AerCap and gave the stock a “buy” rating in a research note on Friday, December 15th. Zacks Investment Research raised AerCap from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. Royal Bank of Canada lowered their price target on AerCap from $77.00 to $74.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 14th. Finally, UBS Group lifted their price target on AerCap from $44.00 to $54.00 and gave the stock a “neutral” rating in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $58.73.
AerCap (NYSE:AER) traded up $1.13 on Tuesday, hitting $50.76. The stock had a trading volume of 1,860,986 shares, compared to its average volume of 1,445,748. AerCap has a fifty-two week low of $42.35 and a fifty-two week high of $55.67. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 3.17. The company has a market cap of $7,801.25, a P/E ratio of 7.88, a price-to-earnings-growth ratio of 0.66 and a beta of 1.82.
AerCap announced that its board has initiated a stock buyback plan on Wednesday, February 14th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
Several hedge funds have recently bought and sold shares of AER. Cerebellum GP LLC acquired a new position in AerCap during the 4th quarter worth $127,000. Financial Gravity Companies Inc. acquired a new position in AerCap during the 4th quarter worth $130,000. Icon Wealth Partners LLC acquired a new position in AerCap during the 4th quarter worth $134,000. We Are One Seven LLC acquired a new position in AerCap during the 4th quarter worth $188,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in AerCap during the 3rd quarter worth $208,000. Hedge funds and other institutional investors own 84.48% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This story was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://stocknewstimes.com/2018/03/14/morgan-stanley-increases-aercap-aer-price-target-to-49-00.html.
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.
Receive News & Ratings for AerCap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AerCap and related companies with MarketBeat.com's FREE daily email newsletter.