Aercap (NYSE:AER) Upgraded at Zacks Research

Aercap (NYSE:AER) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on AER. TD Cowen lifted their price target on shares of Aercap from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Morgan Stanley lowered their price objective on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Weiss Ratings raised Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. lifted their target price on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Truist Financial boosted their target price on Aercap from $161.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Aercap has an average rating of “Buy” and an average target price of $168.67.

Aercap Trading Up 2.2%

AER opened at $151.59 on Monday. The firm has a 50 day simple moving average of $143.27 and a 200 day simple moving average of $143.23. Aercap has a fifty-two week low of $105.65 and a fifty-two week high of $155.99. The company has a market cap of $25.30 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24.

Aercap (NYSE:AER) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. The firm had revenue of $2.30 billion for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. On average, sell-side analysts anticipate that Aercap will post 17.39 earnings per share for the current year.

Aercap announced that its board has initiated a share repurchase plan on Wednesday, April 29th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AER. Groupe la Francaise raised its stake in shares of Aercap by 221.4% during the 1st quarter. Groupe la Francaise now owns 180 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 124 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Aercap in the fourth quarter valued at $27,000. Greenline Wealth Management LLC bought a new position in shares of Aercap in the fourth quarter valued at $30,000. Advisory Services Network LLC acquired a new position in Aercap during the third quarter worth $35,000. Finally, Cedar Mountain Advisors LLC acquired a new position in Aercap during the first quarter worth $44,000. 96.42% of the stock is currently owned by institutional investors.

Aercap Company Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.