AerCap (AER) Reaches New 52-Week High and Low at $56.26

AerCap Holdings (NYSE:AER) shares reached a new 52-week high and low on Tuesday . The stock traded as low as $56.26 and last traded at $55.75, with a volume of 24135 shares. The stock had previously closed at $56.08.

Several research analysts have recently weighed in on the company. Royal Bank of Canada reiterated a “buy” rating on shares of AerCap in a research note on Thursday, February 15th. Macquarie assumed coverage on AerCap in a research note on Tuesday, March 13th. They set an “outperform” rating for the company. Deutsche Bank increased their price target on AerCap from $68.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, May 4th. Zacks Investment Research upgraded AerCap from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Monday. Finally, ValuEngine downgraded AerCap from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $60.90.

The company has a debt-to-equity ratio of 3.34, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $8.75 billion, a P/E ratio of 8.29, a PEG ratio of 0.73 and a beta of 1.81.

AerCap (NYSE:AER) last issued its earnings results on Thursday, May 3rd. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.54 by $0.18. AerCap had a return on equity of 12.54% and a net margin of 21.52%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $1.48 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. equities analysts forecast that AerCap Holdings will post 6.35 earnings per share for the current year.

AerCap declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 14th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

A number of hedge funds and other institutional investors have recently modified their holdings of AER. Financial Gravity Companies Inc. bought a new stake in shares of AerCap during the 4th quarter valued at about $130,000. Cerebellum GP LLC bought a new stake in shares of AerCap during the 4th quarter valued at about $127,000. Icon Wealth Partners LLC bought a new stake in shares of AerCap during the 4th quarter valued at about $134,000. Financial Gravity Wealth Inc. bought a new stake in shares of AerCap during the 1st quarter valued at about $146,000. Finally, We Are One Seven LLC bought a new stake in shares of AerCap during the 4th quarter valued at about $188,000. Institutional investors and hedge funds own 83.39% 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 Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company provides 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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