AerCap Holdings (NYSE:AER) Receives Consensus Recommendation of “Buy” from Brokerages

Posted by Defense World Staff on Jun 7th, 2023

AerCap Holdings (NYSE:AER – Get Rating) has been assigned a consensus rating of “Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $73.40.

AER has been the topic of a number of recent research reports. StockNews.com initiated coverage on AerCap in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Citigroup initiated coverage on AerCap in a research note on Monday, May 15th. They issued a “buy” rating and a $71.00 target price on the stock. Susquehanna reduced their price target on AerCap from $75.00 to $70.00 in a research report on Wednesday, May 3rd. Barclays lifted their price target on AerCap from $77.00 to $78.00 in a research report on Wednesday, May 3rd. Finally, TheStreet upgraded AerCap from a “c” rating to a “b-” rating in a research report on Tuesday, May 2nd.

Institutional Investors Weigh In On AerCap

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP bought a new position in AerCap during the 1st quarter valued at approximately $25,000. Quadrant Capital Group LLC increased its position in AerCap by 40.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 676 shares of the financial services provider’s stock valued at $29,000 after buying an additional 195 shares in the last quarter. WealthPLAN Partners LLC bought a new position in AerCap during the 1st quarter valued at approximately $30,000. Tower Research Capital LLC TRC bought a new position in AerCap during the 3rd quarter valued at approximately $41,000. Finally, Zions Bancorporation N.A. increased its position in AerCap by 473.7% during the 4th quarter. Zions Bancorporation N.A. now owns 763 shares of the financial services provider’s stock valued at $44,000 after buying an additional 630 shares in the last quarter. Institutional investors own 98.17% of the company’s stock.

AerCap Trading Up 1.6 %

NYSE AER opened at $58.75 on Wednesday. The business has a 50 day simple moving average of $56.31 and a 200 day simple moving average of $58.49. AerCap has a one year low of $37.20 and a one year high of $66.85. The stock has a market capitalization of $13.96 billion, a P/E ratio of 8.33, a P/E/G ratio of 1.09 and a beta of 1.99. The company has a debt-to-equity ratio of 2.87, a current ratio of 0.28 and a quick ratio of 0.28.

AerCap (NYSE:AER – Get Rating) last announced its quarterly earnings data on Tuesday, May 2nd. The financial services provider reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.34. AerCap had a return on equity of 14.03% and a net margin of 24.08%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the firm posted $2.23 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Research analysts expect that AerCap will post 8.72 earnings per share for the current year.

About AerCap

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AerCap Holdings NV engages in the leasing, financing, sales, and management of commercial flight equipment. The company was founded in 1995 and is headquartered in Dublin, Ireland.