Shares of AerCap Holdings NV (NYSE:AER) have been assigned an average recommendation of “Buy” from the twelve analysts that are covering the firm. Three analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $56.31.
A number of analysts have recently issued reports on the company. Zacks Investment Research downgraded AerCap Holdings NV from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. RBC Capital Markets reissued an “outperform” rating and set a $74.00 price objective (up from $72.00) on shares of AerCap Holdings NV in a report on Friday, August 12th. DA Davidson reissued a “buy” rating on shares of AerCap Holdings NV in a report on Monday, August 15th. FBR & Co reissued a “neutral” rating on shares of AerCap Holdings NV in a report on Thursday, June 2nd. Finally, Royal Bank Of Canada raised their price objective on AerCap Holdings NV from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, August 11th.
Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can acquired a new position in AerCap Holdings NV during the second quarter valued at about $99,937,000. Norges Bank acquired a new position in AerCap Holdings NV during the fourth quarter valued at about $63,613,000. State Street Corp boosted its position in AerCap Holdings NV by 76.5% in the second quarter. State Street Corp now owns 3,258,530 shares of the company’s stock valued at $109,460,000 after buying an additional 1,412,365 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in AerCap Holdings NV by 96.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,571,820 shares of the company’s stock valued at $86,387,000 after buying an additional 1,263,525 shares during the period. Finally, BlackRock Fund Advisors boosted its position in AerCap Holdings NV by 81.7% in the second quarter. BlackRock Fund Advisors now owns 1,646,012 shares of the company’s stock valued at $55,290,000 after buying an additional 740,260 shares during the period. 88.77% of the stock is currently owned by hedge funds and other institutional investors.
AerCap Holdings NV (NYSE:AER) traded down 0.63% during trading on Friday, hitting $37.76. The company’s stock had a trading volume of 684,180 shares. The firm has a market cap of $6.97 billion, a P/E ratio of 7.31 and a beta of 1.69. The firm has a 50 day moving average of $38.97 and a 200 day moving average of $38.04. AerCap Holdings NV has a 12 month low of $24.61 and a 12 month high of $46.32.
AerCap Holdings NV (NYSE:AER) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.05. The firm earned $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. AerCap Holdings NV had a return on equity of 14.40% and a net margin of 19.44%. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter last year, the company posted $1.73 EPS. Equities research analysts predict that AerCap Holdings NV will post $5.85 earnings per share for the current year.
About AerCap Holdings NV
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. The Company operates its business on a global basis, leasing aircraft to customers in various geographical region.
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