The Goldman Sachs Group Reiterates Buy Rating for AerCap (NYSE:AER)

AerCap (NYSE:AER)‘s stock had its “buy” rating reaffirmed by research analysts at The Goldman Sachs Group in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $119.00 price target on the financial services provider’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 21.39% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Barclays raised their target price on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. TD Cowen restated a “buy” rating and set a $125.00 price target on shares of AerCap in a research report on Monday, July 29th. Finally, Susquehanna raised their price target on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $112.00.

AerCap Trading Up 0.3 %

NYSE AER opened at $98.03 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The company has a fifty day simple moving average of $95.54 and a two-hundred day simple moving average of $93.66. AerCap has a 12-month low of $66.34 and a 12-month high of $99.68. The stock has a market cap of $19.40 billion, a P/E ratio of 7.78, a P/E/G ratio of 2.16 and a beta of 1.83.

AerCap (NYSE:AER) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter last year, the company posted $2.81 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, analysts forecast that AerCap will post 11.26 earnings per share for the current year.

Institutional Trading of AerCap

Institutional investors have recently modified their holdings of the stock. Blue Trust Inc. grew its position in shares of AerCap by 89.9% in the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 134 shares during the period. Mather Group LLC. boosted its position in AerCap by 230.1% during the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 214 shares during the last quarter. Truvestments Capital LLC acquired a new position in AerCap during the third quarter worth about $35,000. UMB Bank n.a. boosted its position in AerCap by 35.5% during the third quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 174 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new position in AerCap during the third quarter worth about $64,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Company Profile

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.