BidaskClub upgraded shares of Aercap Holdings N.V. (NYSE:AER) from a buy rating to a strong-buy rating in a research report sent to investors on Monday, July 24th.
Other research analysts have also recently issued research reports about the company. Morgan Stanley decreased their target price on Aercap Holdings N.V. from $48.00 to $44.00 in a research report on Tuesday, July 4th. Cowen and Company reiterated a buy rating and issued a $54.00 target price on shares of Aercap Holdings N.V. in a research report on Tuesday, July 11th. ValuEngine cut Aercap Holdings N.V. from a strong-buy rating to a buy rating in a research report on Friday, June 2nd. Credit Suisse Group reiterated a buy rating and issued a $56.00 target price on shares of Aercap Holdings N.V. in a research report on Wednesday, May 24th. Finally, Citigroup Inc. reiterated a buy rating and issued a $57.00 target price (up previously from $54.00) on shares of Aercap Holdings N.V. in a research report on Monday, May 15th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $57.45.
Shares of Aercap Holdings N.V. (NYSE AER) traded down 0.50% on Monday, reaching $47.96. 858,341 shares of the company traded hands. The firm’s 50 day moving average is $48.52 and its 200 day moving average is $46.05. Aercap Holdings N.V. has a one year low of $36.38 and a one year high of $50.79. The company has a market capitalization of $7.70 billion, a P/E ratio of 7.56 and a beta of 1.87.
Aercap Holdings N.V. (NYSE:AER) last released its earnings results on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the business posted $1.22 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts expect that Aercap Holdings N.V. will post $6.08 earnings per share for the current fiscal year.
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Aercap Holdings N.V. announced that its board has authorized a stock buyback program on Tuesday, May 9th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
In related news, COO Dikken Wouter Marinus Den sold 50,000 shares of Aercap Holdings N.V. stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $43.99, for a total value of $2,199,500.00. Following the transaction, the chief operating officer now directly owns 205,808 shares of the company’s stock, valued at $9,053,493.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael Gradon sold 742 shares of Aercap Holdings N.V. stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $50.16, for a total value of $37,218.72. Following the completion of the transaction, the director now directly owns 3,380 shares in the company, valued at $169,540.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 150,742 shares of company stock worth $7,223,719.
Several institutional investors have recently bought and sold shares of the company. Financial Architects Inc raised its position in 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 in the last quarter. Israel Discount Bank of New York bought a new position in Aercap Holdings N.V. during the first quarter worth approximately $124,000. Huntington National Bank raised its position in 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 in the last quarter. James Investment Research Inc. bought a new position in Aercap Holdings N.V. during the first quarter worth approximately $146,000. Finally, Integrated Investment Consultants LLC raised its position in 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 in the last quarter. 89.88% of the stock is currently owned by institutional investors.
Aercap Holdings N.V. Company Profile
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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