AerCap (NYSE:AER) Raised to Strong-Buy at Zacks Research

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

A number of other research firms have also recently commented on AER. Susquehanna lifted their price objective on AerCap from $170.00 to $176.00 and gave the stock a “positive” rating in a research report on Tuesday, July 7th. Truist Financial boosted their target price on shares of AerCap from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Weiss Ratings upgraded shares of AerCap from a “buy (a-)” rating to a “buy (a)” rating in a report on Friday. Barclays raised their price target on shares of AerCap from $179.00 to $181.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of AerCap from $183.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $185.88.

AerCap Stock Performance

AerCap stock opened at $162.26 on Monday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.41 and a current ratio of 0.41. The stock has a fifty day moving average of $146.35 and a two-hundred day moving average of $144.80. The company has a market capitalization of $27.08 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 0.57 and a beta of 0.99. AerCap has a fifty-two week low of $129.69 and a fifty-two week high of $165.19.

AerCap (NYSE:AER) last released its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $6.56 earnings per share for the quarter, topping analysts’ consensus estimates of $4.56 by $2.00. AerCap had a return on equity of 18.26% and a net margin of 34.47%. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the previous year, the firm posted $4.97 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, analysts anticipate that AerCap will post 21.47 EPS for the current fiscal year.

Hedge Funds Weigh In On AerCap

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Donald Smith & CO. Inc. acquired a new stake in shares of AerCap during the second quarter worth approximately $424,585,000. Ninety One UK Ltd increased its stake in shares of AerCap by 12.0% in the third quarter. Ninety One UK Ltd now owns 2,275,507 shares of the financial services provider’s stock worth $326,581,000 after buying an additional 243,488 shares during the last quarter. SEB Asset Management AB bought a new stake in shares of AerCap in the first quarter worth $21,373,000. Sei Investments Co. raised its holdings in AerCap by 23.2% in the first quarter. Sei Investments Co. now owns 769,611 shares of the financial services provider’s stock valued at $105,575,000 after acquiring an additional 144,857 shares in the last quarter. Finally, Swiss National Bank raised its holdings in AerCap by 20.4% in the first quarter. Swiss National Bank now owns 579,800 shares of the financial services provider’s stock valued at $79,537,000 after acquiring an additional 98,200 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

About AerCap

AerCap Holdings N.V. is a global aviation leasing company headquartered in Dublin, Ireland, and listed on the New York Stock Exchange under the symbol AER. Through its subsidiaries, AerCap owns, manages and leases commercial aircraft, engines and helicopters to airlines and other aviation customers worldwide.

The company provides operating leases, finance leases, aircraft trading and asset management services. Its fleet portfolio includes aircraft from major manufacturers such as Airbus and Boeing, as well as engines and helicopters.