AerCap (NYSE:AER) Hits New 1-Year High at $88.44

AerCap Holdings (NYSE:AER - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $88.44 and last traded at $88.42, with a volume of 97174 shares trading hands. The stock had previously closed at $86.85.

Wall Street Analysts Forecast Growth

AER has been the subject of a number of analyst reports. Barclays increased their target price on shares of AerCap from $84.00 to $93.00 and gave the stock an "overweight" rating in a report on Monday, February 26th. Susquehanna increased their target price on shares of AerCap from $80.00 to $90.00 and gave the stock a "positive" rating in a report on Monday, February 26th. TD Cowen restated a "buy" rating and issued a $85.00 price objective on shares of AerCap in a report on Tuesday, February 27th. Finally, BMO Capital Markets lowered their price objective on shares of AerCap from $103.00 to $101.00 and set an "outperform" rating for the company in a report on Monday, February 26th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $87.71.

AerCap Stock Down 1.0 %

The company has a market cap of $17.02 billion, a P/E ratio of 6.14, a P/E/G ratio of 2.71 and a beta of 1.85. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.33 and a quick ratio of 0.33. The company's 50-day moving average is $80.67 and its two-hundred day moving average is $71.99.

AerCap (NYSE:AER - Get Free Report) last posted its earnings results on Friday, February 23rd. The financial services provider reported $3.11 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.67. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. AerCap had a net margin of 41.37% and a return on equity of 14.92%. The firm's revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.66 EPS. As a group, equities analysts predict that AerCap Holdings will post 9.88 earnings per share for the current fiscal year.

Institutional Trading of AerCap

Several hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its holdings in shares of AerCap by 9.9% in the 3rd quarter. Wellington Management Group LLP now owns 21,028,200 shares of the financial services provider's stock worth $1,317,837,000 after buying an additional 1,901,459 shares during the last quarter. BlackRock Inc. grew its holdings in AerCap by 3.4% during the 2nd quarter. BlackRock Inc. now owns 8,261,077 shares of the financial services provider's stock valued at $524,744,000 after purchasing an additional 269,167 shares during the last quarter. Franklin Resources Inc. grew its holdings in AerCap by 32.0% during the 4th quarter. Franklin Resources Inc. now owns 6,090,321 shares of the financial services provider's stock valued at $452,633,000 after purchasing an additional 1,476,236 shares during the last quarter. London Co. of Virginia grew its holdings in AerCap by 5.5% during the 3rd quarter. London Co. of Virginia now owns 4,128,103 shares of the financial services provider's stock valued at $258,708,000 after purchasing an additional 215,460 shares during the last quarter. Finally, Donald Smith & CO. Inc. grew its holdings in AerCap by 5.5% during the 4th quarter. Donald Smith & CO. Inc. now owns 4,069,400 shares of the financial services provider's stock valued at $302,438,000 after purchasing an additional 211,260 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

About AerCap

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.