AerCap Holdings (NYSE:AER) Receives $60.83 Consensus Price Target from Analysts

Shares of AerCap Holdings (NYSE:AER) have been given an average recommendation of “Hold” by the eight brokerages that are covering the stock, Marketbeat.com reports. One investment 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 target among brokers that have updated their coverage on the stock in the last year is $60.83.

AER has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of AerCap from a “buy” rating to a “hold” rating in a report on Tuesday, June 25th. Compass Point upped their target price on shares of AerCap from $69.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Cowen upped their target price on shares of AerCap from $56.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Finally, Citigroup set a $61.00 target price on shares of AerCap and gave the company a “hold” rating in a report on Wednesday, July 31st.

Several hedge funds have recently made changes to their positions in the company. LPL Financial LLC grew its position in AerCap by 30.1% in the second quarter. LPL Financial LLC now owns 13,580 shares of the financial services provider’s stock valued at $706,000 after acquiring an additional 3,138 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in AerCap by 10.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 139,177 shares of the financial services provider’s stock valued at $7,239,000 after acquiring an additional 12,601 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in AerCap by 7.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 12,160 shares of the financial services provider’s stock valued at $632,000 after acquiring an additional 842 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in AerCap by 2.0% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 89,874 shares of the financial services provider’s stock valued at $4,674,000 after acquiring an additional 1,740 shares in the last quarter. Finally, Bank of Montreal Can grew its position in AerCap by 0.3% in the second quarter. Bank of Montreal Can now owns 1,318,716 shares of the financial services provider’s stock valued at $68,587,000 after acquiring an additional 3,803 shares in the last quarter. Institutional investors and hedge funds own 80.37% of the company’s stock.

NYSE:AER traded down $0.46 on Wednesday, reaching $52.74. The stock had a trading volume of 410,635 shares, compared to its average volume of 931,529. The stock has a market cap of $7.93 billion, a P/E ratio of 7.72 and a beta of 1.86. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 3.20. The stock’s fifty day simple moving average is $51.30. AerCap has a 12-month low of $36.16 and a 12-month high of $57.94.

AerCap (NYSE:AER) last released its earnings results on Tuesday, July 30th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.70. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.21 billion. AerCap had a net margin of 21.79% and a return on equity of 11.85%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.70 EPS. As a group, analysts anticipate that AerCap will post 7.62 earnings per share for the current year.

About AerCap

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.

Read More: Why do corrections happen?

Analyst Recommendations for AerCap (NYSE:AER)

Receive News & Ratings for AerCap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AerCap and related companies with MarketBeat.com's FREE daily email newsletter.