AerCap (NYSE:AER) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded AerCap from “hold” to “strong buy.” Across analysts, the stock has two Strong Buy, seven Buy, and one Hold ratings, with an average price target of $185.88.
• AerCap reported quarterly EPS of $6.56, beating the $4.56 consensus estimate, and revenue of $2.42 billion versus expectations of $2.15 billion. Revenue increased 4.6% year over year.
• Institutional investors own 96.42% of AerCap shares; several reported increasing their holdings, including Ninety One UK and SEB Investments.

AerCap (NYSE:AER - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Monday, Zacks reports.

AER has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price target on AerCap from $183.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, October 29th. Citigroup raised their price objective on AerCap from $178.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, October 29th. Morgan Stanley lifted their target price on AerCap from $165.00 to $175.00 and gave the company an "equal weight" rating in a research report on Thursday, October 29th. Truist Financial increased their price target on AerCap from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, October 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $190.00 price target on shares of AerCap in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $185.88.

AerCap Price Performance

AerCap stock opened at $162.26 on Monday. The stock has a market cap of $27.08 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 0.57 and a beta of 0.99. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.41 and a quick ratio of 0.41. AerCap has a 1 year low of $129.69 and a 1 year high of $165.19. The firm has a 50-day moving average of $146.35 and a two-hundred day moving average of $144.80.

AerCap (NYSE:AER - Get Free Report) last issued its earnings results on Wednesday, October 28th. The financial services provider reported $6.56 EPS for the quarter, topping analysts' consensus estimates of $4.56 by $2.00. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.15 billion. AerCap had a net margin of 34.47% and a return on equity of 18.26%. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.97 EPS. On average, research analysts forecast that AerCap will post 21.47 earnings per share for the current year.

Hedge Funds Weigh In On AerCap

Institutional investors have recently bought and sold shares of the business. Donald Smith & CO. Inc. purchased a new stake in shares of AerCap during the second quarter valued at $424,585,000. Ninety One UK Ltd raised its stake in AerCap by 12.0% in the 3rd quarter. Ninety One UK Ltd now owns 2,275,507 shares of the financial services provider's stock worth $326,581,000 after acquiring an additional 243,488 shares during the last quarter. SEB Asset Management AB purchased a new position in AerCap in the 1st quarter worth $21,373,000. Sei Investments Co. raised its stake in AerCap by 23.2% in the 1st quarter. Sei Investments Co. now owns 769,611 shares of the financial services provider's stock worth $105,575,000 after acquiring an additional 144,857 shares during the last quarter. Finally, Swiss National Bank lifted its position in AerCap by 20.4% during the 1st quarter. Swiss National Bank now owns 579,800 shares of the financial services provider's stock worth $79,537,000 after acquiring an additional 98,200 shares during the period. 96.42% of the stock is owned by hedge funds and other institutional investors.

About AerCap

AerCap Holdings N.V. is a global aviation leasing company headquartered in Dublin, Ireland, and listed on the New York Stock Exchange under the symbol AER. Through its subsidiaries, AerCap owns, manages and leases commercial aircraft, engines and helicopters to airlines and other aviation customers worldwide.

The company provides operating leases, finance leases, aircraft trading and asset management services. Its fleet portfolio includes aircraft from major manufacturers such as Airbus and Boeing, as well as engines and helicopters.

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