AerCap (NYSE:AER) Trading Down 2.4%

AerCap Holdings (NYSE:AER – Get Rating) was down 2.4% on Friday . The company traded as low as $63.71 and last traded at $63.89. Approximately 192,332 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 733,779 shares. The stock had previously closed at $65.47.

Analysts Set New Price Targets

A number of analysts recently weighed in on AER shares. Susquehanna upped their target price on shares of AerCap from $70.00 to $75.00 and gave the company a “positive” rating in a research note on Friday. Barclays upped their target price on shares of AerCap from $66.00 to $77.00 in a research note on Friday, January 6th. Finally, StockNews.com raised shares of AerCap from a “hold” rating to a “buy” rating in a research note on Friday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AerCap currently has a consensus rating of “Buy” and an average target price of $71.29.

AerCap Price Performance

The company has a debt-to-equity ratio of 3.03, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $15.68 billion, a P/E ratio of -20.67, a PEG ratio of 0.81 and a beta of 2.00. The company’s 50 day simple moving average is $61.78 and its two-hundred day simple moving average is $55.07.

AerCap (NYSE:AER – Get Rating) last announced its earnings results on Thursday, March 2nd. The financial services provider reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.69. AerCap had a negative net margin of 10.35% and a positive return on equity of 14.42%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the business earned $1.04 earnings per share. AerCap’s quarterly revenue was up 26.8% on a year-over-year basis. As a group, equities analysts expect that AerCap Holdings will post 7.94 EPS for the current fiscal year.

Hedge Funds Weigh In On AerCap

Large investors have recently modified their holdings of the stock. Signaturefd LLC lifted its holdings in AerCap by 5.8% in the third quarter. Signaturefd LLC now owns 3,312 shares of the financial services provider’s stock valued at $140,000 after buying an additional 183 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in AerCap by 0.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,224 shares of the financial services provider’s stock valued at $1,238,000 after buying an additional 190 shares during the period. Quadrant Capital Group LLC lifted its holdings in AerCap by 40.5% in the third quarter. Quadrant Capital Group LLC now owns 676 shares of the financial services provider’s stock valued at $29,000 after buying an additional 195 shares during the period. Sage Rhino Capital LLC lifted its holdings in AerCap by 2.8% in the fourth quarter. Sage Rhino Capital LLC now owns 7,514 shares of the financial services provider’s stock valued at $438,000 after buying an additional 208 shares during the period. Finally, Teacher Retirement System of Texas lifted its holdings in AerCap by 0.9% in the third quarter. Teacher Retirement System of Texas now owns 23,969 shares of the financial services provider’s stock valued at $1,015,000 after buying an additional 210 shares during the period. 98.17% of the stock is currently owned by institutional investors and hedge funds.

AerCap Company Profile

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AerCap Holdings NV engages in the leasing, financing, sales, and management of commercial flight equipment. It also provides aircraft owners, financiers and investors with asset services to manage an aircraft portfolio. The company was founded in 1995 and is headquartered in Dublin, Ireland.