AerCap Holdings NV (NYSE:AER) Given Average Recommendation of “Buy” by Analysts
Shares of AerCap Holdings NV (NYSE:AER) have been assigned an average recommendation of “Buy” from the twelve analysts that are covering the firm. Three analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $56.31.
A number of analysts have recently issued reports on the company. Zacks Investment Research downgraded AerCap Holdings NV from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. RBC Capital Markets reissued an “outperform” rating and set a $74.00 price objective (up from $72.00) on shares of AerCap Holdings NV in a report on Friday, August 12th. DA Davidson reissued a “buy” rating on shares of AerCap Holdings NV in a report on Monday, August 15th. FBR & Co reissued a “neutral” rating on shares of AerCap Holdings NV in a report on Thursday, June 2nd. Finally, Royal Bank Of Canada raised their price objective on AerCap Holdings NV from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, August 11th.
Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can acquired a new position in AerCap Holdings NV during the second quarter valued at about $99,937,000. Norges Bank acquired a new position in AerCap Holdings NV during the fourth quarter valued at about $63,613,000. State Street Corp boosted its position in AerCap Holdings NV by 76.5% in the second quarter. State Street Corp now owns 3,258,530 shares of the company’s stock valued at $109,460,000 after buying an additional 1,412,365 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in AerCap Holdings NV by 96.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,571,820 shares of the company’s stock valued at $86,387,000 after buying an additional 1,263,525 shares during the period. Finally, BlackRock Fund Advisors boosted its position in AerCap Holdings NV by 81.7% in the second quarter. BlackRock Fund Advisors now owns 1,646,012 shares of the company’s stock valued at $55,290,000 after buying an additional 740,260 shares during the period. 88.77% of the stock is currently owned by hedge funds and other institutional investors.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/23/aercap-holdings-nv-nyseaer-given-average-recommendation-of-buy-by-analysts.html
AerCap Holdings NV (NYSE:AER) traded down 0.63% during trading on Friday, hitting $37.76. The company’s stock had a trading volume of 684,180 shares. The firm has a market cap of $6.97 billion, a P/E ratio of 7.31 and a beta of 1.69. The firm has a 50 day moving average of $38.97 and a 200 day moving average of $38.04. AerCap Holdings NV has a 12 month low of $24.61 and a 12 month high of $46.32.
AerCap Holdings NV (NYSE:AER) last issued 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. The firm earned $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. AerCap Holdings NV had a return on equity of 14.40% and a net margin of 19.44%. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter last year, the company posted $1.73 EPS. Equities research analysts predict that AerCap Holdings NV will post $5.85 earnings per share for the current year.
About AerCap Holdings NV
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.
Receive News & Ratings for AerCap Holdings NV Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for AerCap Holdings NV and related companies with MarketBeat.com’s FREE daily email newsletter.