AerCap (NYSE:AER) Price Target Raised to $94.00

AerCap (NYSE:AER) had its price objective raised by Barclays from $93.00 to $94.00 in a research report report published on Thursday, Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

Several other analysts have also issued reports on AER. TD Cowen reaffirmed a buy rating and set a $85.00 price target on shares of AerCap in a research report on Tuesday, February 27th. Susquehanna upped their target price on shares of AerCap from $90.00 to $100.00 and gave the company a positive rating in a report on Thursday. Finally, BMO Capital Markets reduced their price target on AerCap from $103.00 to $101.00 and set an outperform rating for the company in a report on Monday, February 26th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of $91.43.

AerCap Stock Up 0.9 %

Shares of AER stock opened at $87.60 on Thursday. The firm’s fifty day moving average price is $83.94 and its two-hundred day moving average price is $75.76. AerCap has a 1 year low of $53.42 and a 1 year high of $88.54. The company has a current ratio of 0.26, a quick ratio of 0.33 and a debt-to-equity ratio of 2.70. The firm has a market capitalization of $17.34 billion, a P/E ratio of 5.70, a PEG ratio of 2.99 and a beta of 1.84.

AerCap (NYSE:AER) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.98. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.95 billion. AerCap had a return on equity of 15.29% and a net margin of 42.78%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $2.34 earnings per share. On average, equities analysts predict that AerCap will post 9.2 EPS for the current fiscal year.

Institutional Investors Weigh In On AerCap

A number of institutional investors have recently made changes to their positions in the company. Signaturefd LLC increased its position in AerCap by 3.3% during the fourth quarter. Signaturefd LLC now owns 4,338 shares of the financial services provider’s stock worth $322,000 after acquiring an additional 137 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of AerCap by 2.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 6,613 shares of the financial services provider’s stock worth $491,000 after purchasing an additional 154 shares during the period. DGS Capital Management LLC raised its position in shares of AerCap by 2.2% in the fourth quarter. DGS Capital Management LLC now owns 7,236 shares of the financial services provider’s stock valued at $538,000 after buying an additional 155 shares in the last quarter. Wealthstar Advisors LLC boosted its stake in shares of AerCap by 1.3% in the first quarter. Wealthstar Advisors LLC now owns 12,843 shares of the financial services provider’s stock valued at $1,116,000 after buying an additional 160 shares during the period. Finally, Gotham Asset Management LLC grew its position in AerCap by 3.3% during the third quarter. Gotham Asset Management LLC now owns 5,538 shares of the financial services provider’s stock worth $347,000 after buying an additional 175 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.

About AerCap

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.