AerCap (NYSE:AER) Price Target Increased to $100.00 by Analysts at TD Cowen

AerCap (NYSE:AER - Free Report) had its target price hoisted by TD Cowen from $95.00 to $100.00 in a research report report published on Thursday, Benzinga reports. TD Cowen currently has a buy rating on the financial services provider's stock.

AER has been the subject of a number of other reports. Susquehanna raised their price target on AerCap from $90.00 to $100.00 and gave the stock a positive rating in a research report on Thursday. Barclays raised their price target on AerCap from $93.00 to $94.00 and gave the stock an overweight rating in a research report on Thursday. Finally, BMO Capital Markets lowered their price target on AerCap from $103.00 to $101.00 and set an outperform rating for the company in a research report on Monday, February 26th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of Buy and a consensus price target of $91.43.

AerCap Price Performance

Shares of AER stock traded up $1.27 on Thursday, reaching $86.79. The company's stock had a trading volume of 2,109,024 shares, compared to its average volume of 1,584,380. The stock's fifty day simple moving average is $83.75 and its 200-day simple moving average is $75.35. AerCap has a 1 year low of $53.42 and a 1 year high of $88.54. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $17.18 billion, a price-to-earnings ratio of 6.14, a price-to-earnings-growth ratio of 2.74 and a beta of 1.84.

AerCap (NYSE:AER - Get Free Report) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $3.29 earnings per share for the quarter, beating analysts' consensus estimates of $2.31 by $0.98. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.95 billion. AerCap had a net margin of 41.37% and a return on equity of 14.92%. AerCap's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $2.34 earnings per share. Analysts forecast that AerCap will post 9.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AerCap

Several institutional investors have recently made changes to their positions in AER. Trust Co. of Vermont purchased a new position in shares of AerCap during the fourth quarter valued at $27,000. Optiver Holding B.V. purchased a new position in AerCap in the third quarter valued at about $32,000. Assetmark Inc. purchased a new position in AerCap in the fourth quarter valued at about $42,000. Allworth Financial LP grew its stake in AerCap by 2,460.0% in the third quarter. Allworth Financial LP now owns 768 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 738 shares during the last quarter. Finally, CVA Family Office LLC purchased a new position in AerCap in the first quarter valued at about $52,000. 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.