AerCap (NYSE:AER) Price Target Raised to $100.00

AerCap (NYSE:AER) had its target price hoisted by Susquehanna from $90.00 to $100.00 in a research report report published on Thursday morning, Benzinga reports. Susquehanna currently has a positive rating on the financial services provider’s stock.

Other research analysts have also recently issued reports about the stock. Barclays lifted their target price on shares of AerCap from $84.00 to $93.00 and gave the stock an overweight rating in a report on Monday, February 26th. BMO Capital Markets decreased their price objective on shares of AerCap from $103.00 to $101.00 and set an outperform rating for the company in a report on Monday, February 26th. Finally, TD Cowen reaffirmed a buy rating and issued a $85.00 price objective on shares of AerCap in a research report on Tuesday, February 27th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of $91.43.

AerCap Stock Performance

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

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

Institutional Investors Weigh In On AerCap

Large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in shares of AerCap by 9.9% in the 3rd quarter. Wellington Management Group LLP now owns 21,028,200 shares of the financial services provider’s stock worth $1,317,837,000 after buying an additional 1,901,459 shares during the last quarter. Franklin Resources Inc. boosted its position in AerCap by 32.0% in the fourth quarter. Franklin Resources Inc. now owns 6,090,321 shares of the financial services provider’s stock worth $452,633,000 after purchasing an additional 1,476,236 shares during the last quarter. London Co. of Virginia grew its stake in shares of AerCap by 5.5% during the 3rd quarter. London Co. of Virginia now owns 4,128,103 shares of the financial services provider’s stock valued at $258,708,000 after purchasing an additional 215,460 shares during the period. Donald Smith & CO. Inc. increased its position in shares of AerCap by 5.5% during the 4th quarter. Donald Smith & CO. Inc. now owns 4,069,400 shares of the financial services provider’s stock valued at $302,438,000 after purchasing an additional 211,260 shares during the last quarter. Finally, 59 North Capital Management LP lifted its stake in shares of AerCap by 123.7% in the 3rd quarter. 59 North Capital Management LP now owns 2,872,302 shares of the financial services provider’s stock worth $180,007,000 after purchasing an additional 1,588,196 shares during the period. 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.