AerCap (NYSE:AER) PT Lowered to $68.00

AerCap (NYSE:AERGet Rating) had its price target cut by analysts at Stephens to $68.00 in a report issued on Wednesday, Stock Target Advisor reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Stephens’ price target indicates a potential upside of 41.76% from the company’s current price.

AER has been the subject of several other research reports. Credit Suisse Group decreased their price target on AerCap from $76.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, March 31st. Cowen reduced their price objective on AerCap from $75.00 to $70.00 in a research report on Thursday, March 31st. Zacks Investment Research cut AerCap from a “hold” rating to a “sell” rating in a research report on Thursday, March 31st. StockNews.com cut AerCap from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. Finally, Barclays reduced their price objective on AerCap from $78.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, March 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, AerCap currently has an average rating of “Buy” and an average price target of $71.13.

Shares of AER stock traded down $0.23 during mid-day trading on Wednesday, hitting $47.97. The company’s stock had a trading volume of 6,042 shares, compared to its average volume of 1,128,017. AerCap has a 52-week low of $40.98 and a 52-week high of $71.38. The business has a 50-day moving average price of $49.96 and a 200 day moving average price of $58.07. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 6.39, a PEG ratio of 0.38 and a beta of 2.15.

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

A number of large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its holdings in AerCap by 1.3% during the third quarter. Wellington Management Group LLP now owns 12,814,259 shares of the financial services provider’s stock valued at $740,792,000 after purchasing an additional 160,980 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in AerCap during the fourth quarter valued at about $558,957,000. BlackRock Inc. grew its holdings in AerCap by 90.7% during the first quarter. BlackRock Inc. now owns 5,767,535 shares of the financial services provider’s stock valued at $289,992,000 after purchasing an additional 2,743,035 shares during the period. Cooke & Bieler LP grew its holdings in AerCap by 9.4% during the third quarter. Cooke & Bieler LP now owns 5,133,857 shares of the financial services provider’s stock valued at $296,789,000 after purchasing an additional 440,556 shares during the period. Finally, Lyrical Asset Management LP grew its holdings in AerCap by 1.8% during the first quarter. Lyrical Asset Management LP now owns 4,421,560 shares of the financial services provider’s stock valued at $222,316,000 after purchasing an additional 78,919 shares during the period. 96.32% of the stock is owned by institutional investors and hedge funds.

AerCap Company Profile (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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