Aercap (NYSE:AER) Stock Rating Lowered by Zacks Research

Aercap (NYSE:AER) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

AER has been the topic of several other reports. Weiss Ratings lowered Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, May 26th. Morgan Stanley cut their target price on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Truist Financial raised their price objective on Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on Aercap and gave the company a “buy” rating in a research report on Tuesday, February 10th. Finally, TD Cowen raised their price objective on Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Aercap currently has a consensus rating of “Moderate Buy” and an average target price of $163.13.

Aercap Trading Down 2.1%

Shares of AER opened at $133.76 on Monday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $22.32 billion, a P/E ratio of 5.86, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93. The stock’s fifty day simple moving average is $140.93 and its 200 day simple moving average is $141.68. Aercap has a twelve month low of $105.65 and a twelve month high of $154.94.

Aercap (NYSE:AER) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. The business had revenue of $2.30 billion for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%. On average, equities research analysts forecast that Aercap will post 17.23 earnings per share for the current year.

Aercap announced that its Board of Directors has initiated a share buyback program on Wednesday, April 29th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Institutional Trading of Aercap

Hedge funds and other institutional investors have recently modified their holdings of the business. Arbejdsmarkedets Tillaegspension purchased a new stake in shares of Aercap during the fourth quarter worth about $23,935,000. Citigroup Inc. grew its stake in Aercap by 12.7% in the third quarter. Citigroup Inc. now owns 176,919 shares of the financial services provider’s stock worth $21,407,000 after purchasing an additional 19,975 shares in the last quarter. Alberta Investment Management Corp grew its stake in Aercap by 142.4% in the third quarter. Alberta Investment Management Corp now owns 38,300 shares of the financial services provider’s stock worth $4,634,000 after purchasing an additional 22,500 shares in the last quarter. Todd Asset Management LLC grew its stake in Aercap by 1.5% in the third quarter. Todd Asset Management LLC now owns 533,961 shares of the financial services provider’s stock worth $64,610,000 after purchasing an additional 7,813 shares in the last quarter. Finally, Convergence Investment Partners LLC acquired a new position in Aercap in the fourth quarter worth about $1,520,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

About Aercap

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.