AerCap (NYSE:AER) Rating Lowered to Sell at Zacks Investment Research

AerCap (NYSE:AER) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday, Zacks.com reports.

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 research analysts have also weighed in on AER. Compass Point increased their price objective on shares of AerCap from $69.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Citigroup set a $61.00 price objective on shares of AerCap and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, Cowen increased their price objective on shares of AerCap from $56.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $62.75.

Shares of AER stock traded down $0.37 during trading hours on Monday, hitting $59.98. 52,447 shares of the company were exchanged, compared to its average volume of 730,954. The firm has a market cap of $8.24 billion, a PE ratio of 8.79 and a beta of 1.81. AerCap has a 1 year low of $36.16 and a 1 year high of $62.86. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 3.20. The firm has a fifty day moving average of $56.44 and a 200 day moving average of $52.38.

AerCap (NYSE:AER) last announced its quarterly earnings data on Friday, November 8th. The financial services provider reported $2.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.13. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.22 billion. AerCap had a net margin of 21.81% and a return on equity of 11.90%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.79 EPS. Analysts expect that AerCap will post 7.89 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Trust Corp grew its position in AerCap by 3.9% in the second quarter. Northern Trust Corp now owns 1,677,351 shares of the financial services provider’s stock valued at $87,240,000 after acquiring an additional 63,402 shares in the last quarter. TimesSquare Capital Management LLC grew its position in AerCap by 31.1% in 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 acquiring an additional 327,800 shares in the last quarter. 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. Royal Bank of Canada grew its position in AerCap by 7.3% in the second quarter. Royal Bank of Canada now owns 1,222,185 shares of the financial services provider’s stock valued at $63,564,000 after acquiring an additional 83,311 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in AerCap by 2.1% in the second quarter. Parametric Portfolio Associates LLC now owns 885,690 shares of the financial services provider’s stock valued at $46,065,000 after acquiring an additional 17,792 shares in the last quarter. Hedge funds and other institutional investors own 85.38% of the company’s stock.

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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