Aercap Holdings N.V. (NYSE:AER) had its target price raised by UBS AG from $44.00 to $54.00 in a research report report published on Thursday morning, 99wallstreet.com reports. UBS AG currently has a neutral rating on the financial services provider’s stock.
Other research analysts have also recently issued research reports about the stock. Cowen and Company restated a buy rating and issued a $55.00 target price on shares of Aercap Holdings N.V. in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Aercap Holdings N.V. from a hold rating to a buy rating and set a $54.00 target price on the stock in a report on Tuesday, August 15th. BidaskClub cut shares of Aercap Holdings N.V. from a strong-buy rating to a buy rating in a report on Tuesday, August 15th. Finally, Royal Bank Of Canada restated a buy rating and issued a $77.00 target price on shares of Aercap Holdings N.V. in a report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $57.40.
Aercap Holdings N.V. (NYSE AER) opened at $51.67 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 3.17. Aercap Holdings N.V. has a fifty-two week low of $41.34 and a fifty-two week high of $54.50. The stock has a market cap of $8,164.68, a P/E ratio of 7.54, a PEG ratio of 0.69 and a beta of 1.87.
Aercap Holdings N.V. (NYSE:AER) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.15. Aercap Holdings N.V. had a net margin of 22.84% and a return on equity of 13.84%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the business earned $1.22 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. research analysts forecast that Aercap Holdings N.V. will post 6.26 EPS for the current fiscal year.
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Aercap Holdings N.V. announced that its board has authorized a stock repurchase plan on Thursday, August 3rd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
A number of large investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its holdings in Aercap Holdings N.V. by 8.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 64,514 shares of the financial services provider’s stock valued at $3,298,000 after acquiring an additional 4,802 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in Aercap Holdings N.V. in the third quarter valued at $208,000. Barings LLC bought a new stake in Aercap Holdings N.V. in the third quarter valued at $4,334,000. Commonwealth Bank of Australia boosted its holdings in Aercap Holdings N.V. by 7.2% in the third quarter. Commonwealth Bank of Australia now owns 31,100 shares of the financial services provider’s stock valued at $1,586,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in Aercap Holdings N.V. by 136.5% in the third quarter. Schroder Investment Management Group now owns 104,531 shares of the financial services provider’s stock valued at $5,294,000 after acquiring an additional 60,332 shares in the last quarter. Institutional investors and hedge funds own 91.44% 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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