Equities researchers at Barclays PLC began coverage on shares of Aercap Holdings N.V. (NYSE:AER) in a research note issued on Monday, July 10th, MarketBeat.com reports. The firm set an “overweight” rating and a $61.00 price target on the financial services provider’s stock. Barclays PLC’s price target points to a potential upside of 21.42% from the stock’s previous close.
AER has been the topic of several other reports. ValuEngine upgraded Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 19th. BidaskClub upgraded Aercap Holdings N.V. from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. FBR & Co reiterated an “outperform” rating and set a $53.00 target price on shares of Aercap Holdings N.V. in a research report on Monday, April 17th. Morgan Stanley lowered their target price on Aercap Holdings N.V. from $48.00 to $44.00 in a research report on Tuesday, July 4th. Finally, Credit Suisse Group restated a “buy” rating and issued a $56.00 price objective on shares of Aercap Holdings N.V. in a research report on Friday, July 7th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $57.80.
Shares of Aercap Holdings N.V. (NYSE:AER) traded down 0.82% during trading on Monday, hitting $49.83. 672,903 shares of the stock traded hands. The firm has a market cap of $8.29 billion, a P/E ratio of 8.47 and a beta of 1.87. The company has a 50-day moving average of $47.35 and a 200-day moving average of $45.55. Aercap Holdings N.V. has a 52 week low of $36.16 and a 52 week high of $50.79.
Aercap Holdings N.V. (NYSE:AER) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.29. Aercap Holdings N.V. had a return on equity of 14.43% and a net margin of 22.26%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the company posted $1.22 earnings per share. Aercap Holdings N.V.’s revenue was up 2.0% compared to the same quarter last year. On average, analysts forecast that Aercap Holdings N.V. will post $6.05 EPS for the current fiscal year.
Aercap Holdings N.V. announced that its Board of Directors has authorized a stock buyback program on Tuesday, May 9th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
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In other news, Director James N. Chapman sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $44.58, for a total transaction of $178,320.00. Following the transaction, the director now owns 11,261 shares of the company’s stock, valued at $502,015.38. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Aengus Kelly sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $49.87, for a total value of $4,987,000.00. Following the transaction, the chief executive officer now directly owns 2,231,875 shares in the company, valued at approximately $111,303,606.25. The disclosure for this sale can be found here. Insiders have sold 154,000 shares of company stock worth $7,364,820 over the last three months.
Several hedge funds have recently made changes to their positions in AER. Financial Architects Inc raised its stake in shares of Aercap Holdings N.V. by 97.0% in the first quarter. Financial Architects Inc now owns 2,484 shares of the financial services provider’s stock worth $114,000 after buying an additional 1,223 shares during the last quarter. Israel Discount Bank of New York purchased a new stake in shares of Aercap Holdings N.V. during the first quarter worth about $124,000. Huntington National Bank raised its stake in shares of Aercap Holdings N.V. by 4.8% in the second quarter. Huntington National Bank now owns 2,973 shares of the financial services provider’s stock worth $138,000 after buying an additional 136 shares during the last quarter. James Investment Research Inc. purchased a new stake in shares of Aercap Holdings N.V. during the first quarter worth about $146,000. Finally, Integrated Investment Consultants LLC raised its stake in shares of Aercap Holdings N.V. by 33.3% in the first quarter. Integrated Investment Consultants LLC now owns 3,345 shares of the financial services provider’s stock worth $154,000 after buying an additional 835 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.
About Aercap Holdings N.V.
AerCap Holdings N.V. is an independent aircraft leasing company. The Company focuses on acquiring in-demand aircraft, funding them, hedging interest rate risk and using its platform to deploy these assets. It operates its business on a global basis, leasing aircraft to customers in various geographical regions.
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