Truist Financial Raises Aercap (NYSE:AER) Price Target to $175.00

Aercap (NYSE:AER) had its target price lifted by analysts at Truist Financial from $161.00 to $175.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Truist Financial’s target price points to a potential upside of 17.06% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the stock. Susquehanna increased their price objective on shares of Aercap from $170.00 to $176.00 and gave the company a “positive” rating in a research note on Tuesday. TD Cowen upped their price objective on shares of Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Zacks Research lowered shares of Aercap from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Weiss Ratings cut shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. Finally, Barclays lifted their price objective on shares of Aercap from $164.00 to $179.00 and gave the stock an “overweight” rating in a research note on Tuesday. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $167.50.

Aercap Trading Down 1.0%

Shares of AER traded down $1.57 during mid-day trading on Wednesday, reaching $149.50. 68,379 shares of the company’s stock traded hands, compared to its average volume of 1,320,160. Aercap has a 12 month low of $105.65 and a 12 month high of $155.99. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market cap of $24.95 billion, a P/E ratio of 6.55, a P/E/G ratio of 1.07 and a beta of 0.94. The stock’s 50-day moving average is $142.36 and its two-hundred day moving average is $142.93.

Aercap (NYSE:AER) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. The company 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%. Research analysts forecast that Aercap will post 17.23 earnings per share for the current fiscal year.

Aercap declared that its board has authorized a stock repurchase program on Wednesday, April 29th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AER. Groupe la Francaise raised its holdings in Aercap by 221.4% in the 1st quarter. Groupe la Francaise now owns 180 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 124 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Aercap in the 4th quarter valued at $27,000. Greenline Wealth Management LLC purchased a new position in Aercap during the fourth quarter worth about $30,000. Advisory Services Network LLC purchased a new position in shares of Aercap during the 3rd quarter worth approximately $35,000. Finally, Cedar Mountain Advisors LLC purchased a new position in shares of Aercap during the first quarter worth $44,000. 96.42% of the stock is owned by institutional investors and hedge funds.

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.