AerCap (AER) PT Raised to $49.00 at Morgan Stanley

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 (NYSE:AER) last posted its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.29. AerCap had a return on equity of 12.33% and a net margin of 21.36%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company earned $2.01 EPS. The business’s revenue was down 7.7% compared to the same quarter last year. equities analysts forecast that AerCap will post 6.23 EPS for the current fiscal year.

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.

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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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