AerCap Holdings (NYSE:AER) has earned a consensus rating of “Buy” from the eleven research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $52.88.
A number of analysts have issued reports on the stock. Barclays boosted their price objective on shares of AerCap from $32.00 to $39.00 and gave the company an “in-line” rating in a report on Wednesday, May 6th. ValuEngine cut shares of AerCap from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 14th. Cfra dropped their target price on shares of AerCap from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Bank of America cut shares of AerCap from a “buy” rating to a “neutral” rating in a research report on Monday, June 1st. Finally, Zacks Investment Research upgraded shares of AerCap from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Wednesday, June 10th.
A number of hedge funds have recently added to or reduced their stakes in the stock. Voloridge Investment Management LLC increased its position in AerCap by 142.4% during the 1st quarter. Voloridge Investment Management LLC now owns 109,321 shares of the financial services provider’s stock worth $2,491,000 after purchasing an additional 64,221 shares in the last quarter. Capital Asset Advisory Services LLC increased its position in AerCap by 75.0% during the 1st quarter. Capital Asset Advisory Services LLC now owns 10,632 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 4,555 shares in the last quarter. Advisor Group Holdings Inc. acquired a new position in AerCap during the 1st quarter worth approximately $341,000. Pin Oak Investment Advisors Inc. increased its position in AerCap by 238.1% during the 1st quarter. Pin Oak Investment Advisors Inc. now owns 67,805 shares of the financial services provider’s stock worth $1,545,000 after purchasing an additional 47,750 shares in the last quarter. Finally, Peapack Gladstone Financial Corp acquired a new position in AerCap during the 1st quarter worth approximately $1,138,000. Institutional investors and hedge funds own 85.05% of the company’s stock.
AerCap (NYSE:AER) last posted its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.39. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. AerCap had a net margin of 23.91% and a return on equity of 12.79%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 EPS. On average, equities analysts forecast that AerCap will post 6.46 EPS for the current fiscal year.
AerCap Company Profile
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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