AerCap (NYSE:AER) Price Target Lowered to $70.00 at Susquehanna Bancshares

AerCap (NYSE:AERGet Rating) had its price objective decreased by investment analysts at Susquehanna Bancshares from $75.00 to $70.00 in a report issued on Wednesday, Stock Target Advisor reports. Susquehanna Bancshares’ price target would suggest a potential upside of 45.23% from the company’s previous close.

AER has been the topic of a number of other research reports. Barclays decreased their target price on AerCap from $78.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, March 31st. StockNews.com cut shares of AerCap from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. Credit Suisse Group cut their target price on shares of AerCap from $76.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, March 31st. Cowen lowered their price target on shares of AerCap from $75.00 to $70.00 in a report on Thursday, March 31st. Finally, Stephens cut their price objective on AerCap from $88.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, March 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, AerCap currently has a consensus rating of “Buy” and a consensus target price of $71.88.

AER stock opened at $48.20 on Wednesday. The company’s 50-day moving average price is $49.96 and its two-hundred day moving average price is $58.07. AerCap has a 12 month low of $40.98 and a 12 month high of $71.38. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 3.02. The firm has a market cap of $11.83 billion, a P/E ratio of 6.45, a P/E/G ratio of 0.38 and a beta of 2.15.

AerCap (NYSE:AERGet Rating) last announced its quarterly earnings data on Wednesday, March 30th. The financial services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $1.88 by ($1.44). The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.26 billion. AerCap had a net margin of 19.15% and a return on equity of 11.43%. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 earnings per share. Equities analysts predict that AerCap will post 6.42 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in shares of AerCap in the 4th quarter worth about $558,957,000. London Co. of Virginia lifted its stake in AerCap by 382.5% in the fourth quarter. London Co. of Virginia now owns 3,460,366 shares of the financial services provider’s stock valued at $226,377,000 after buying an additional 2,743,243 shares during the period. BlackRock Inc. boosted its holdings in shares of AerCap by 90.7% during the 1st quarter. BlackRock Inc. now owns 5,767,535 shares of the financial services provider’s stock worth $289,992,000 after buying an additional 2,743,035 shares in the last quarter. Border to Coast Pensions Partnership Ltd acquired a new stake in shares of AerCap during the 1st quarter worth approximately $73,121,000. Finally, Norges Bank bought a new stake in shares of AerCap in the 4th quarter valued at $85,488,000. Hedge funds and other institutional investors own 96.32% of the company’s stock.

About AerCap (Get Rating)

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.

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