Aercap Holdings N.V. (AER) Rating Reiterated by Cowen and Company

Aercap Holdings N.V. (NYSE:AER)‘s stock had its “buy” rating reissued by Cowen and Company in a report released on Thursday. They currently have a $55.00 price target on the financial services provider’s stock. Cowen and Company’s price objective would suggest a potential upside of 5.77% from the company’s previous close.

Several other brokerages have also recently issued reports on AER. BidaskClub upgraded shares of Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Aercap Holdings N.V. from a “sell” rating to a “hold” rating in a report on Friday, August 4th. 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. Morgan Stanley lowered their target price on shares of Aercap Holdings N.V. from $48.00 to $44.00 in a report on Tuesday, July 4th. Finally, Barclays PLC began coverage on shares of Aercap Holdings N.V. in a report on Monday, July 10th. They issued an “overweight” rating and a $61.00 target price for the company. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $57.55.

Aercap Holdings N.V. (NYSE AER) opened at 52.00 on Thursday. Aercap Holdings N.V. has a 12-month low of $38.20 and a 12-month high of $52.37. The firm has a 50 day moving average of $50.15 and a 200-day moving average of $47.27. The stock has a market cap of $8.35 billion, a PE ratio of 8.20 and a beta of 1.86.

Aercap Holdings N.V. (NYSE:AER) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.29. Aercap Holdings N.V. had a net margin of 22.26% and a return on equity of 14.43%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the business posted $1.22 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts expect that Aercap Holdings N.V. will post $6.10 earnings per share for the current year.

Aercap Holdings N.V. declared that its Board of Directors has approved a share buyback program on Thursday, August 3rd that permits the company to buyback $250.00 million in shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

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In other Aercap Holdings N.V. news, Director Michael Gradon sold 742 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.16, for a total transaction of $37,218.72. Following the completion of the transaction, the director now owns 3,380 shares in the company, valued at approximately $169,540.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Aengus Kelly sold 100,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $49.87, for a total transaction of $4,987,000.00. Following the transaction, the chief executive officer now owns 2,231,875 shares of the company’s stock, valued at approximately $111,303,606.25. The disclosure for this sale can be found here.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its position in Aercap Holdings N.V. by 1.5% during the 2nd quarter. BlackRock Inc. now owns 6,989,850 shares of the financial services provider’s stock worth $324,538,000 after buying an additional 101,721 shares during the last quarter. Cambiar Investors LLC raised its position in Aercap Holdings N.V. by 7.1% during the 2nd quarter. Cambiar Investors LLC now owns 6,617,207 shares of the financial services provider’s stock worth $307,237,000 after buying an additional 438,622 shares during the last quarter. State Street Corp raised its position in Aercap Holdings N.V. by 3.8% during the 1st quarter. State Street Corp now owns 3,700,205 shares of the financial services provider’s stock worth $170,098,000 after buying an additional 134,789 shares during the last quarter. Bank of America Corp DE raised its position in Aercap Holdings N.V. by 21.5% during the 1st quarter. Bank of America Corp DE now owns 3,522,267 shares of the financial services provider’s stock worth $161,918,000 after buying an additional 623,585 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its position in Aercap Holdings N.V. by 9.6% during the 2nd quarter. Wedge Capital Management L L P NC now owns 2,078,371 shares of the financial services provider’s stock worth $96,499,000 after buying an additional 181,589 shares during the last quarter. Institutional investors own 88.94% of the company’s stock.

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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