Aercap (NYSE:AER) Stock Rating Upgraded by Zacks Research

Aercap (NYSE:AER) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

AER has been the topic of a number of other reports. TD Cowen upped their target price on shares of Aercap from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Susquehanna boosted their price target on shares of Aercap from $170.00 to $176.00 and gave the stock a “positive” rating in a research note on Tuesday, July 7th. Barclays increased their price objective on shares of Aercap from $164.00 to $179.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. raised their price objective on shares of Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Morgan Stanley lowered their target price on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $168.67.

Aercap Trading Up 2.2%

AER stock opened at $151.59 on Monday. The company has a market cap of $25.30 billion, a P/E ratio of 6.64, a PEG ratio of 1.03 and a beta of 0.94. Aercap has a twelve month low of $105.65 and a twelve month high of $155.99. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. The business has a fifty day moving average of $143.27 and a 200-day moving average of $143.23.

Aercap (NYSE:AER) last posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. The business had revenue of $2.30 billion for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%. As a group, equities research analysts expect that Aercap will post 17.39 EPS for the current year.

Aercap declared that its board has initiated a stock buyback program on Wednesday, April 29th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wedge Capital Management L L P NC boosted its stake in Aercap by 5.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 237,880 shares of the financial services provider’s stock worth $34,678,000 after acquiring an additional 12,235 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Aercap by 321.1% in the second quarter. Handelsbanken Fonder AB now owns 47,700 shares of the financial services provider’s stock valued at $6,954,000 after purchasing an additional 36,373 shares in the last quarter. Steadtrust LLC increased its stake in Aercap by 1.9% in the second quarter. Steadtrust LLC now owns 14,450 shares of the financial services provider’s stock valued at $2,107,000 after purchasing an additional 270 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in Aercap by 4.2% in the second quarter. Contravisory Investment Management Inc. now owns 1,968 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 79 shares during the period. Finally, Gradient Investments LLC boosted its position in shares of Aercap by 5.6% during the second quarter. Gradient Investments LLC now owns 39,579 shares of the financial services provider’s stock worth $5,770,000 after purchasing an additional 2,082 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.

Trending Headlines about Aercap

Here are the key news stories impacting Aercap this week:

• Positive Sentiment: Zacks Research upgraded Aercap from hold to strong-buy, which can support the stock by signaling improved analyst confidence in the company’s outlook.
• Positive Sentiment: Citi initiated coverage with a buy rating and a $173 price target, implying further upside from recent trading levels and reinforcing bullish sentiment on Aercap shares.
• Positive Sentiment: Aercap announced a direct order for 15 Boeing 787-9 Dreamliners, increasing its 787 fleet to about 140 aircraft. The deal highlights continued fleet growth and should help preserve Aercap’s position as a major aircraft lessor. AerCap Announces Order for 15 Boeing 787 Dreamliners
• Positive Sentiment: Aercap also signed an agreement with Air France Industries KLM Engineering & Maintenance to form a 50/50 LEAP engine leasing joint venture, a move that expands its engine-leasing platform and exposure to growing spare-engine demand. AerCap and Air France Industries KLM Engineering & Maintenance to Establish LEAP Engine Joint Venture
• Neutral Sentiment: Multiple reports confirmed the Boeing order, suggesting the news is already well covered and may have less incremental impact beyond reinforcing AerCap’s growth strategy.
• Negative Sentiment: Some commentary noted a potential cargo leasing test for AerCap, which could indicate ongoing operational or market challenges in parts of the leasing business. AerCap Holdings (NYSE:AER) Faces A Cargo Leasing Test

About Aercap

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.