Aercap Holdings N.V. (AER) Lifted to “Strong-Buy” at BidaskClub

BidaskClub upgraded shares of Aercap Holdings N.V. (NYSE:AER) from a buy rating to a strong-buy rating in a research report released on Monday, July 24th.

Several other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded Aercap Holdings N.V. from a hold rating to a sell rating in a research report on Monday, July 17th. Cowen and Company reissued a buy rating and issued a $54.00 target price on shares of Aercap Holdings N.V. in a research note on Tuesday, July 11th. Barclays PLC began coverage on Aercap Holdings N.V. in a research note on Monday, July 10th. They issued an overweight rating and a $61.00 target price for the company. Credit Suisse Group reissued a buy rating and issued a $56.00 target price on shares of Aercap Holdings N.V. in a research note on Friday, July 7th. Finally, Morgan Stanley lowered their target price on Aercap Holdings N.V. from $48.00 to $44.00 in a research note on Tuesday, July 4th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Aercap Holdings N.V. has a consensus rating of Buy and a consensus target price of $57.45.

Aercap Holdings N.V. (NYSE AER) opened at 47.96 on Monday. Aercap Holdings N.V. has a 52 week low of $36.38 and a 52 week high of $50.79. The company has a market capitalization of $7.70 billion, a P/E ratio of 7.56 and a beta of 1.87. The company’s 50-day moving average price is $48.52 and its 200-day moving average price is $46.05.

Aercap Holdings N.V. (NYSE:AER) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.29. Aercap Holdings N.V. had a return on equity of 14.43% and a net margin of 22.26%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company posted $1.22 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts forecast that Aercap Holdings N.V. will post $6.08 EPS for the current fiscal year.

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Aercap Holdings N.V. announced that its Board of Directors has approved a share repurchase program on Tuesday, May 9th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

In related news, Director Michael Gradon sold 742 shares of Aercap Holdings N.V. stock in a transaction on Monday, August 7th. The stock was sold at an average price of $50.16, for a total transaction of $37,218.72. Following the completion of the sale, the director now directly owns 3,380 shares of the company’s stock, valued at $169,540.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James A. Lawrence acquired 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were bought at an average cost of $49.81 per share, with a total value of $4,981,000.00. Following the completion of the purchase, the director now owns 53,280 shares of the company’s stock, valued at $2,653,876.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 150,742 shares of company stock valued at $7,223,719.

Several large investors have recently made changes to their positions in AER. Prudential Financial Inc. raised its position in Aercap Holdings N.V. by 0.7% in the first quarter. Prudential Financial Inc. now owns 16,661 shares of the financial services provider’s stock valued at $766,000 after buying an additional 108 shares in the last quarter. Parametrica Management Ltd acquired a new position in Aercap Holdings N.V. during the first quarter valued at $225,000. GSA Capital Partners LLP acquired a new position in Aercap Holdings N.V. during the fourth quarter valued at $306,000. Atria Investments LLC acquired a new position in Aercap Holdings N.V. during the second quarter valued at $211,000. Finally, Huntington National Bank raised its position in Aercap Holdings N.V. by 4.8% in the second quarter. Huntington National Bank now owns 2,973 shares of the financial services provider’s stock valued at $138,000 after buying an additional 136 shares in the last quarter. 89.88% of the stock is owned by institutional investors and hedge funds.

Aercap Holdings N.V. Company Profile

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. It operates its business on a global basis, leasing aircraft to customers in various geographical regions.

Analyst Recommendations for Aercap Holdings N.V. (NYSE:AER)

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