Citigroup Begins Coverage on Aercap (NYSE:AER)

Citigroup began coverage on shares of Aercap (NYSE:AER) in a research note issued on Monday, Marketbeat reports. The brokerage set a “buy” rating and a $173.00 price target on the financial services provider’s stock. Citigroup’s price objective indicates a potential upside of 14.12% from the company’s current price.

Several other analysts also recently weighed in on AER. Weiss Ratings upgraded shares of Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. upped their price target on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Susquehanna lifted their price objective on Aercap from $170.00 to $176.00 and gave the company a “positive” rating in a research note on Tuesday, July 7th. TD Cowen increased their target price on Aercap from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Finally, Barclays lifted their target price on Aercap from $164.00 to $179.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.67.

Aercap Trading Up 2.2%

Shares of AER stock opened at $151.59 on Monday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market cap of $25.30 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The company has a 50-day moving average of $143.27 and a two-hundred day moving average of $143.23. Aercap has a 1-year low of $105.65 and a 1-year high of $155.99.

Aercap (NYSE:AER) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. The business had revenue of $2.30 billion for the quarter. On average, analysts predict that Aercap will post 17.39 EPS for the current year.

Aercap announced that its Board of Directors has authorized a stock repurchase program on Wednesday, April 29th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Institutional Trading of Aercap

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Groupe la Francaise raised its position in shares of Aercap by 221.4% during the 1st quarter. Groupe la Francaise now owns 180 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 124 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in Aercap during the fourth quarter worth $27,000. Greenline Wealth Management LLC purchased a new position in Aercap during the fourth quarter worth $30,000. Advisory Services Network LLC acquired a new position in shares of Aercap in the third quarter worth $35,000. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of Aercap in the first quarter worth $44,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Aercap Company Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.