Barclays Raises AerCap (NYSE:AER) Price Target to $94.00

AerCap (NYSE:AER) had its price target upped by Barclays from $93.00 to $94.00 in a research note published on Thursday morning, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Several other research firms have also recently commented on AER. TD Cowen reissued a buy rating and issued a $85.00 target price on shares of AerCap in a research note on Tuesday, February 27th. BMO Capital Markets lowered their price objective on AerCap from $103.00 to $101.00 and set an outperform rating for the company in a research report on Monday, February 26th. Finally, Susquehanna boosted their price objective on AerCap from $90.00 to $100.00 and gave the stock a positive rating in a report on Thursday. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of $91.43.

AerCap Stock Performance

AerCap stock opened at $87.60 on Thursday. The stock has a 50-day simple moving average of $83.94 and a 200 day simple moving average of $75.64. The stock has a market capitalization of $17.34 billion, a price-to-earnings ratio of 5.70, a P/E/G ratio of 2.97 and a beta of 1.84. The company has a quick ratio of 0.33, a current ratio of 0.26 and a debt-to-equity ratio of 2.70. AerCap has a 12-month low of $53.42 and a 12-month high of $88.54.

AerCap (NYSE:AER) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $3.29 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.98. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the company posted $2.34 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, research analysts anticipate that AerCap will post 9.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AerCap

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AER. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of AerCap by 10.3% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,658 shares of the financial services provider’s stock worth $2,736,000 after buying an additional 4,082 shares during the period. Cigna Investments Inc. New acquired a new position in AerCap during the third quarter valued at approximately $210,000. Robeco Institutional Asset Management B.V. increased its stake in AerCap by 1.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 73,772 shares of the financial services provider’s stock valued at $4,623,000 after purchasing an additional 1,095 shares in the last quarter. Raymond James & Associates raised its holdings in AerCap by 68.2% in the third quarter. Raymond James & Associates now owns 29,961 shares of the financial services provider’s stock worth $1,878,000 after purchasing an additional 12,144 shares during the period. Finally, Independent Advisor Alliance bought a new position in shares of AerCap during the third quarter worth $252,000. Institutional investors own 96.42% of the company’s stock.

AerCap Company Profile

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.