Susquehanna Boosts AerCap (NYSE:AER) Price Target to $100.00

AerCap (NYSE:AER) had its price objective upped by Susquehanna from $90.00 to $100.00 in a report issued on Thursday morning, Benzinga reports. Susquehanna currently has a positive rating on the financial services provider’s stock.

A number of other brokerages also recently commented on AER. BMO Capital Markets decreased their target price on AerCap from $103.00 to $101.00 and set an outperform rating for the company in a research note on Monday, February 26th. TD Cowen restated a buy rating and set a $85.00 price objective on shares of AerCap in a research note on Tuesday, February 27th. Finally, Barclays boosted their price target on shares of AerCap from $84.00 to $93.00 and gave the company an overweight rating in a report on Monday, February 26th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of $91.43.

AerCap Trading Up 0.9 %

NYSE:AER opened at $87.60 on Thursday. The company has a market cap of $17.34 billion, a PE ratio of 5.70, a P/E/G ratio of 2.99 and a beta of 1.84. The business’s 50 day moving average is $83.94 and its two-hundred day moving average is $75.76. The company has a quick ratio of 0.33, a current ratio of 0.26 and a debt-to-equity ratio of 2.70. AerCap has a 52 week low of $53.42 and a 52 week high of $88.54.

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

Hedge Funds Weigh In On AerCap

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Trust Co. of Vermont bought a new stake in shares of AerCap in the 4th quarter worth $27,000. Optiver Holding B.V. bought a new stake in AerCap in the third quarter worth about $32,000. Assetmark Inc. acquired a new stake in AerCap in the 4th quarter valued at about $42,000. Allworth Financial LP boosted its position in shares of AerCap by 2,460.0% during the 3rd quarter. Allworth Financial LP now owns 768 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 738 shares in the last quarter. Finally, CVA Family Office LLC acquired a new position in shares of AerCap in the 1st quarter worth approximately $52,000. 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.