AerCap (NYSE:AER) Downgraded by ValuEngine

ValuEngine lowered shares of AerCap (NYSE:AER) from a hold rating to a sell rating in a report released on Tuesday morning, ValuEngine reports.

A number of other equities research analysts have also recently commented on AER. Barclays raised their price objective on shares of AerCap from $64.00 to $73.00 and gave the stock an overweight rating in a research note on Tuesday, November 12th. Credit Suisse Group boosted their target price on shares of AerCap from $67.00 to $70.00 and gave the company an outperform rating in a research note on Tuesday, November 12th. Finally, Zacks Investment Research cut shares of AerCap from a hold rating to a sell rating in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $64.71.

Shares of AER opened at $59.66 on Tuesday. The company has a market capitalization of $8.04 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 1.58 and a beta of 1.82. AerCap has a 52 week low of $36.16 and a 52 week high of $62.86. The stock’s 50-day moving average price is $59.03 and its 200-day moving average price is $53.40. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.17.

AerCap (NYSE:AER) last announced its quarterly earnings results on Friday, November 8th. The financial services provider reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.13. AerCap had a return on equity of 11.82% and a net margin of 21.81%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the business earned $1.79 earnings per share. AerCap’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities analysts anticipate that AerCap will post 8.09 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in AER. Parallel Advisors LLC boosted its position in AerCap by 46.6% during the third quarter. Parallel Advisors LLC now owns 736 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 234 shares in the last quarter. SRS Capital Advisors Inc. acquired a new stake in AerCap in the second quarter valued at approximately $59,000. Quest Capital Management Inc. ADV purchased a new stake in shares of AerCap in the third quarter valued at approximately $80,000. Cerebellum GP LLC increased its position in shares of AerCap by 18.0% in the third quarter. Cerebellum GP LLC now owns 2,417 shares of the financial services provider’s stock valued at $127,000 after buying an additional 369 shares in the last quarter. Finally, Atlas Capital Advisors LLC increased its position in shares of AerCap by 7.7% in the second quarter. Atlas Capital Advisors LLC now owns 2,887 shares of the financial services provider’s stock valued at $150,000 after buying an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 88.57% 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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