AerCap (NYSE:AER) Shares Gap Down to $61.79

Shares of AerCap Holdings (NYSE:AER) gapped down before the market opened on Tuesday . The stock had previously closed at $61.79, but opened at $59.10. AerCap shares last traded at $59.43, with a volume of 3,398,957 shares trading hands.

Analysts Set New Price Targets

Several analysts recently commented on AER shares. TD Cowen increased their target price on shares of AerCap from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. JPMorgan Chase & Co. increased their target price on shares of AerCap from $74.00 to $77.00 in a research note on Thursday, June 8th. The Goldman Sachs Group increased their target price on shares of AerCap from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. StockNews.com began coverage on shares of AerCap in a research report on Thursday, August 17th. They issued a “buy” rating for the company. Finally, Susquehanna upped their price target on shares of AerCap from $70.00 to $80.00 and gave the company a “positive” rating in a research report on Tuesday, August 1st. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, AerCap currently has an average rating of “Buy” and a consensus price target of $80.33.

AerCap Trading Down 3.3 %

The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 2.82. The company has a market cap of $14.20 billion, a PE ratio of 7.95, a P/E/G ratio of 1.26 and a beta of 1.99. The business’s 50-day simple moving average is $63.06 and its 200-day simple moving average is $59.42.

AerCap (NYSE:AER) last announced its quarterly earnings results on Monday, July 31st. The financial services provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.12 by $0.44. AerCap had a net margin of 25.33% and a return on equity of 14.57%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the business posted $1.91 EPS. AerCap’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, analysts expect that AerCap Holdings will post 9.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Quarry LP acquired a new position in shares of AerCap during the 1st quarter worth $25,000. WealthPLAN Partners LLC acquired a new position in shares of AerCap during the 1st quarter worth $30,000. Worth Asset Management LLC acquired a new position in AerCap in the 2nd quarter valued at $42,000. Zions Bancorporation N.A. grew its stake in AerCap by 473.7% in the 4th quarter. Zions Bancorporation N.A. now owns 763 shares of the financial services provider’s stock valued at $44,000 after buying an additional 630 shares during the last quarter. Finally, Belpointe Asset Management LLC acquired a new position in AerCap in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 92.00% 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.