AerCap (AER) Earns Outperform Rating from Cowen

Cowen restated their outperform rating on shares of AerCap (NYSE:AER) in a research note published on Friday morning, MarketBeat Ratings reports. The firm currently has a $60.00 target price on the financial services provider’s stock, up from their previous target price of $58.00.

Several other research firms also recently weighed in on AER. Deutsche Bank upped their price objective on shares of AerCap from $65.00 to $68.00 and gave the stock a buy rating in a report on Thursday, February 15th. Zacks Investment Research upgraded shares of AerCap from a sell rating to a hold rating in a report on Thursday, February 22nd. Morgan Stanley upped their target price on shares of AerCap from $48.00 to $49.00 and gave the stock an underweight rating in a research note on Tuesday, February 20th. ValuEngine lowered shares of AerCap from a strong-buy rating to a buy rating in a research note on Wednesday, May 2nd. Finally, Macquarie initiated coverage on shares of AerCap in a research note on Tuesday, March 13th. They issued an outperform rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $60.10.

AER opened at $54.18 on Friday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.49 and a current ratio of 0.49. AerCap has a 1-year low of $42.35 and a 1-year high of $55.67. The firm has a market cap of $8,561.31, a price-to-earnings ratio of 8.56, a price-to-earnings-growth ratio of 0.72 and a beta of 1.81.

AerCap (NYSE:AER) last released its quarterly earnings data on Thursday, May 3rd. The financial services provider reported $1.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.18. AerCap had a net margin of 21.52% and a return on equity of 12.55%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted $1.48 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. equities research analysts anticipate that AerCap will post 6.31 earnings per share for the current year.

AerCap announced that its board has initiated a stock buyback program on Wednesday, February 14th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Several hedge funds and other institutional investors have recently bought and sold shares of AER. Schwab Charles Investment Management Inc. grew its stake in shares of AerCap by 8.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 64,514 shares of the financial services provider’s stock worth $3,298,000 after acquiring an additional 4,802 shares in the last quarter. KCS Wealth Advisory bought a new stake in shares of AerCap in the 4th quarter worth $238,000. YHB Investment Advisors Inc. bought a new position in AerCap during the fourth quarter valued at about $552,000. Acadian Asset Management LLC bought a new position in AerCap during the fourth quarter valued at about $2,108,000. Finally, Fox Run Management L.L.C. bought a new position in AerCap during the fourth quarter valued at about $1,057,000. Hedge funds and other institutional investors own 84.63% of the company’s stock.

About AerCap

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company provides aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.

Analyst Recommendations for AerCap (NYSE:AER)

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