Zacks Investment Research Lowers AerCap (AER) to Hold

Zacks Investment Research cut shares of AerCap (NYSE:AER) from a buy rating to a hold rating in a report issued on Friday morning.

According to Zacks, “AERCAP HOLDINGS is an integrated global aviation company with a leading market position in aircraft and engine leasing, trading and parts sales.They also provides aircraft management services and performs aircraft and engine maintenance, repair and overhaul services and aircraft disassemblies through its certified repair stations. “

Several other brokerages have also recently commented on AER. Morgan Stanley boosted their price target on shares of AerCap from $53.00 to $54.00 and gave the stock an underweight rating in a research note on Monday, August 6th. Stephens cut shares of AerCap from an overweight rating to an equal weight rating and set a $64.00 price target on the stock. in a research note on Tuesday, July 31st. Barclays decreased their price target on shares of AerCap from $71.00 to $69.00 and set an overweight rating on the stock in a research note on Tuesday, July 31st. Finally, ValuEngine cut shares of AerCap from a buy rating to a hold rating in a research note on Friday, June 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $62.90.

Shares of AER stock opened at $56.11 on Friday. The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of 8.87, a P/E/G ratio of 1.22 and a beta of 1.91. AerCap has a 52 week low of $48.29 and a 52 week high of $58.30. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.49 and a current ratio of 0.49.

AerCap (NYSE:AER) last announced its quarterly earnings results on Monday, July 30th. The financial services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.47 by $0.23. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. AerCap had a net margin of 21.24% and a return on equity of 12.15%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.67 EPS. As a group, equities analysts expect that AerCap will post 6.68 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. United Services Automobile Association raised its position in shares of AerCap by 24.0% during the 2nd quarter. United Services Automobile Association now owns 49,067 shares of the financial services provider’s stock valued at $2,657,000 after buying an additional 9,494 shares in the last quarter. Royal London Asset Management Ltd. bought a new position in AerCap during the 2nd quarter valued at about $3,218,000. Northern Trust Corp grew its holdings in AerCap by 3.1% during the 2nd quarter. Northern Trust Corp now owns 1,594,650 shares of the financial services provider’s stock valued at $86,350,000 after purchasing an additional 48,654 shares during the last quarter. Truvestments Capital LLC bought a new position in AerCap during the 2nd quarter valued at about $265,000. Finally, Schroder Investment Management Group grew its holdings in AerCap by 64.4% during the 2nd quarter. Schroder Investment Management Group now owns 390,128 shares of the financial services provider’s stock valued at $21,075,000 after purchasing an additional 152,874 shares during the last quarter. Hedge funds and other institutional investors own 85.76% of the company’s stock.

About AerCap

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company provides 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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