AerCap Holdings NV (AER) Shares Gap Up to $38.74
AerCap Holdings NV (NYSE:AER) shares gapped up prior to trading on Tuesday . The stock had previously closed at $38.37, but opened at $38.74. AerCap Holdings NV shares last traded at $39.38, with a volume of 973,643 shares.
Several research analysts have recently issued reports on AER shares. Royal Bank Of Canada raised their price objective on AerCap Holdings NV from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, August 11th. Zacks Investment Research upgraded AerCap Holdings NV from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Tuesday, July 26th. DA Davidson restated a “buy” rating on shares of AerCap Holdings NV in a research note on Monday, August 15th. FBR & Co cut AerCap Holdings NV from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $50.00 to $43.00 in a research note on Friday, May 13th. Finally, RBC Capital Markets restated an “outperform” rating and issued a $74.00 price objective (up from $72.00) on shares of AerCap Holdings NV in a research note on Friday, August 12th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. AerCap Holdings NV presently has an average rating of “Buy” and a consensus target price of $54.14.
The company’s 50 day moving average is $36.84 and its 200 day moving average is $37.04. The firm has a market cap of $7.29 billion and a P/E ratio of 7.65.
AerCap Holdings NV (NYSE:AER) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.05. During the same period last year, the company earned $1.73 earnings per share. The business earned $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. The business’s revenue for the quarter was down 7.3% compared to the same quarter last year. On average, equities research analysts anticipate that AerCap Holdings NV will post $5.86 EPS for the current year.
A number of institutional investors have made changes to their positions in the stock. Victory Capital Management Inc. increased its position in shares of AerCap Holdings NV by 10.3% in the fourth quarter. Victory Capital Management Inc. now owns 66,853 shares of the company’s stock worth $3,252,000 after buying an additional 6,260 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in AerCap Holdings NV during the fourth quarter valued at $1,118,000. Finally, Schwab Charles Investment Management Inc. increased its stake in AerCap Holdings NV by 127.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 33,959 shares of the company’s stock valued at $1,466,000 after buying an additional 19,047 shares during the last quarter.
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. The Company operates its business on a global basis, leasing aircraft to customers in various geographical region.
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