TD Cowen Increases AerCap (NYSE:AER) Price Target to $100.00

AerCap (NYSE:AER) had its price objective hoisted by TD Cowen from $95.00 to $100.00 in a research note published on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the financial services provider’s stock.

AER has been the subject of several other reports. Barclays boosted their target price on shares of AerCap from $93.00 to $94.00 and gave the company an overweight rating in a research note on Thursday. Susquehanna raised their target price on AerCap from $90.00 to $100.00 and gave the company a positive rating in a research report on Thursday. Finally, BMO Capital Markets cut their price target on AerCap from $103.00 to $101.00 and set an outperform rating for the company in a research note on Monday, February 26th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of Buy and a consensus price target of $91.43.

AerCap Trading Up 0.9 %

Shares of AerCap stock opened at $87.60 on Thursday. AerCap has a 1 year low of $53.42 and a 1 year high of $88.54. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.26 and a quick ratio of 0.33. The stock has a market cap of $17.34 billion, a PE ratio of 5.70, a price-to-earnings-growth ratio of 2.99 and a beta of 1.84. The firm has a fifty day moving average price of $83.94 and a 200 day moving average price of $75.76.

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

Institutional Investors Weigh In On AerCap

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of AerCap by 9.9% during the third quarter. Wellington Management Group LLP now owns 21,028,200 shares of the financial services provider’s stock worth $1,317,837,000 after purchasing an additional 1,901,459 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of AerCap by 32.0% during the fourth quarter. Franklin Resources Inc. now owns 6,090,321 shares of the financial services provider’s stock worth $452,633,000 after buying an additional 1,476,236 shares in the last quarter. London Co. of Virginia raised its position in shares of AerCap by 5.5% in the third quarter. London Co. of Virginia now owns 4,128,103 shares of the financial services provider’s stock valued at $258,708,000 after buying an additional 215,460 shares during the last quarter. Donald Smith & CO. Inc. lifted its stake in shares of AerCap by 5.5% in the fourth quarter. Donald Smith & CO. Inc. now owns 4,069,400 shares of the financial services provider’s stock worth $302,438,000 after buying an additional 211,260 shares in the last quarter. Finally, 59 North Capital Management LP boosted its position in AerCap by 123.7% during the third quarter. 59 North Capital Management LP now owns 2,872,302 shares of the financial services provider’s stock worth $180,007,000 after acquiring an additional 1,588,196 shares during the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Company Profile

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.