AerCap (NYSE:AER) Shares Gap Down to $61.51

Shares of AerCap Holdings (NYSE:AER) gapped down prior to trading on Tuesday . The stock had previously closed at $63.72, but opened at $61.51. AerCap shares last traded at $59.66, with a volume of 3,780,851 shares trading hands.

Several brokerages have recently issued reports on AER. Credit Suisse Group increased their price objective on AerCap from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Barclays boosted their target price on AerCap from $64.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Zacks Investment Research lowered shares of AerCap from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Finally, ValuEngine lowered AerCap from a “hold” rating to a “sell” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $64.71.

The stock has a market capitalization of $8.12 billion, a PE ratio of 8.78, a P/E/G ratio of 1.58 and a beta of 1.82. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.31 and a quick ratio of 0.31. The company has a 50-day moving average of $59.15 and a two-hundred day moving average of $53.45.

AerCap (NYSE:AER) last announced its earnings results on Friday, November 8th. The financial services provider reported $2.01 EPS for the quarter, topping the consensus estimate of $1.88 by $0.13. AerCap had a net margin of 21.81% and a return on equity of 11.82%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the company posted $1.79 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, research analysts forecast that AerCap Holdings will post 8.09 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AER. APG Asset Management N.V. acquired a new stake in AerCap in the second quarter worth $25,537,000. TimesSquare Capital Management LLC boosted its position in AerCap by 31.1% during the third quarter. TimesSquare Capital Management LLC now owns 1,381,575 shares of the financial services provider’s stock valued at $75,641,000 after purchasing an additional 327,800 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in shares of AerCap during the 2nd quarter worth approximately $14,388,000. Man Group plc increased its holdings in AerCap by 30.3% during the third quarter. Man Group plc now owns 882,251 shares of the financial services provider’s stock worth $48,303,000 after buying an additional 205,396 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of AerCap during the 2nd quarter worth about $7,025,000. 88.57% of the stock is owned by institutional investors.

AerCap Company Profile (NYSE:AER)

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in China, the United States, Ireland, and internationally. The company offers aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.

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