Shares of AerCap Holdings (NYSE:AER) have been given an average recommendation of “Hold” by the eight brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $61.00.
Several brokerages have issued reports on AER. Zacks Investment Research downgraded shares of AerCap from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Barclays set a $64.00 price objective on shares of AerCap and gave the stock a “buy” rating in a research report on Friday, February 15th. ValuEngine raised shares of AerCap from a “sell” rating to a “hold” rating in a research report on Friday, March 29th. Finally, Goldman Sachs Group began coverage on shares of AerCap in a research report on Monday. They issued a “neutral” rating and a $58.00 price objective for the company.
Institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its holdings in shares of AerCap by 2.6% in the 4th quarter. Legal & General Group Plc now owns 794,819 shares of the financial services provider’s stock worth $31,475,000 after acquiring an additional 20,112 shares during the period. Wexford Capital LP bought a new position in shares of AerCap in the fourth quarter valued at approximately $17,738,000. Weiss Multi Strategy Advisers LLC bought a new position in shares of AerCap in the fourth quarter valued at about $2,772,000. Hayden Royal LLC bought a new position in shares of AerCap in the first quarter valued at about $346,000. Finally, Aristotle Capital Boston LLC raised its holdings in shares of AerCap by 0.8% in the third quarter. Aristotle Capital Boston LLC now owns 403,026 shares of the financial services provider’s stock valued at $23,182,000 after buying an additional 3,382 shares during the last quarter. 85.35% of the stock is owned by institutional investors.
AerCap (NYSE:AER) last announced its quarterly earnings results on Thursday, February 14th. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.05). AerCap had a net margin of 21.16% and a return on equity of 11.55%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the company earned $1.67 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts forecast that AerCap will post 6.6 EPS for the current fiscal year.
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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