Aercap (NYSE:AER - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Thursday,Zacks.com reports.
AER has been the subject of a number of other research reports. Weiss Ratings restated a "buy (b+)" rating on shares of Aercap in a research report on Wednesday, October 8th. Barclays lifted their target price on shares of Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Morgan Stanley lifted their target price on shares of Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Finally, Susquehanna lifted their target price on shares of Aercap from $130.00 to $134.00 and gave the stock a "positive" rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $122.57.
Check Out Our Latest Stock Report on AER
Aercap Stock Up 0.1%
AER stock opened at $120.39 on Thursday. The company has a market cap of $22.49 billion, a P/E ratio of 7.49, a P/E/G ratio of 2.41 and a beta of 1.40. Aercap has a 52 week low of $85.57 and a 52 week high of $126.27. The company's 50-day moving average price is $120.83 and its 200 day moving average price is $113.20. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.57.
Aercap (NYSE:AER - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $2.83 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $0.08. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.03 billion. Aercap had a net margin of 36.93% and a return on equity of 13.13%. The firm's revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.01 earnings per share. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. On average, research analysts expect that Aercap will post 11.29 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Aercap
A number of institutional investors have recently modified their holdings of the company. 59 North Capital Management LP raised its position in shares of Aercap by 40.6% in the first quarter. 59 North Capital Management LP now owns 5,209,534 shares of the financial services provider's stock valued at $532,258,000 after buying an additional 1,504,620 shares during the last quarter. JPMorgan Chase & Co. increased its position in Aercap by 25.0% during the second quarter. JPMorgan Chase & Co. now owns 2,873,872 shares of the financial services provider's stock worth $336,243,000 after purchasing an additional 575,320 shares during the last quarter. Ninety One UK Ltd increased its position in Aercap by 44.8% during the second quarter. Ninety One UK Ltd now owns 2,794,925 shares of the financial services provider's stock worth $327,006,000 after purchasing an additional 864,348 shares during the last quarter. Norges Bank acquired a new position in Aercap during the second quarter worth approximately $241,392,000. Finally, Ameriprise Financial Inc. increased its position in Aercap by 1.9% during the first quarter. Ameriprise Financial Inc. now owns 1,950,255 shares of the financial services provider's stock worth $200,278,000 after purchasing an additional 36,398 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.
About Aercap
(
Get Free Report)
AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.
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