Aercap Holdings N.V. (AER) Price Target Cut to $74.00

Aercap Holdings N.V. (NYSE:AER) had its price objective dropped by equities research analysts at Royal Bank Of Canada from $77.00 to $74.00 in a note issued to investors on Tuesday. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s target price points to a potential upside of 48.74% from the company’s previous close.

AER has been the subject of several other reports. Zacks Investment Research downgraded Aercap Holdings N.V. from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub raised shares of Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Cowen and Company reaffirmed a “buy” rating and issued a $55.00 price target on shares of Aercap Holdings N.V. in a research report on Thursday, October 12th. Finally, UBS AG raised their price target on shares of Aercap Holdings N.V. from $44.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, November 9th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Aercap Holdings N.V. presently has a consensus rating of “Buy” and an average target price of $57.10.

Shares of Aercap Holdings N.V. (NYSE AER) opened at $49.75 on Tuesday. The firm has a market capitalization of $7,924.50, a price-to-earnings ratio of 7.32, a P/E/G ratio of 0.67 and a beta of 1.87. Aercap Holdings N.V. has a 1-year low of $41.34 and a 1-year high of $54.50. 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. (NYSE:AER) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.15. Aercap Holdings N.V. had a return on equity of 13.84% and a net margin of 22.84%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the business posted $1.22 earnings per share. Aercap Holdings N.V.’s quarterly revenue was up 3.9% on a year-over-year basis. equities analysts anticipate that Aercap Holdings N.V. will post 6.26 EPS for the current fiscal year.

Aercap Holdings N.V. announced that its board has approved a share repurchase program 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. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

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Several large investors have recently bought and sold shares of AER. Neuberger Berman Group LLC grew its stake in Aercap Holdings N.V. by 7.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 3,320,387 shares of the financial services provider’s stock valued at $169,705,000 after buying an additional 230,716 shares in the last quarter. California Public Employees Retirement System grew its stake in Aercap Holdings N.V. by 4.2% in the 3rd quarter. California Public Employees Retirement System now owns 357,344 shares of the financial services provider’s stock valued at $18,264,000 after buying an additional 14,544 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Aercap Holdings N.V. by 3.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 32,883 shares of the financial services provider’s stock valued at $1,681,000 after buying an additional 1,050 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Aercap Holdings N.V. by 303.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 242,166 shares of the financial services provider’s stock valued at $12,377,000 after buying an additional 182,166 shares in the last quarter. Finally, Mangrove Partners purchased a new position in Aercap Holdings N.V. in the 3rd quarter valued at approximately $6,287,000. 91.44% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Aercap Holdings N.V. (NYSE:AER)

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