AerCap (NYSE:AER) Reaches New 1-Year High on Strong Earnings

AerCap Holdings (NYSE:AER)’s stock price reached a new 52-week high during trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $88.54 and last traded at $87.07, with a volume of 216886 shares traded. The stock had previously closed at $84.49.

The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.98. AerCap had a return on equity of 14.92% and a net margin of 41.37%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the business posted $2.34 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year.

Analyst Upgrades and Downgrades

AER has been the topic of a number of recent analyst reports. Susquehanna boosted their price target on shares of AerCap from $90.00 to $100.00 and gave the stock a “positive” rating in a research report on Thursday. Barclays upped their target price on AerCap from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday. BMO Capital Markets decreased their price target on AerCap from $103.00 to $101.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Finally, TD Cowen boosted their price objective on AerCap from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $91.43.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Trust Co. of Vermont acquired a new stake in shares of AerCap during the fourth quarter worth $27,000. Optiver Holding B.V. acquired a new stake in AerCap during the 3rd quarter worth about $32,000. Assetmark Inc. purchased a new stake in AerCap during the fourth quarter valued at about $42,000. Allworth Financial LP lifted its stake in AerCap by 2,460.0% during the third quarter. Allworth Financial LP now owns 768 shares of the financial services provider’s stock valued at $48,000 after buying an additional 738 shares in the last quarter. Finally, CVA Family Office LLC acquired a new position in shares of AerCap in the first quarter worth about $52,000. Institutional investors own 96.42% of the company’s stock.

AerCap Stock Performance

The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 2.80. The firm has a market capitalization of $17.18 billion, a PE ratio of 6.14, a P/E/G ratio of 2.74 and a beta of 1.84. The firm’s 50-day moving average price is $83.75 and its two-hundred day moving average price is $75.35.

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.