AerCap (NYSE:AER) Sets New 52-Week High Following Earnings Beat

Shares of AerCap Holdings (NYSE:AER) reached a new 52-week high on Thursday following a stronger than expected earnings report. The company traded as high as $64.86 and last traded at $63.70, with a volume of 33862 shares traded. The stock had previously closed at $60.77.

The financial services provider reported $2.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.45. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. AerCap had a return on equity of 11.82% and a net margin of 21.81%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 EPS.

AER has been the topic of several research analyst reports. Credit Suisse Group raised their price objective on AerCap from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Zacks Investment Research downgraded AerCap from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine downgraded AerCap from a “sell” rating to a “strong sell” rating in a research note on Friday, January 3rd. Finally, Barclays lifted their price target on AerCap from $64.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $66.71.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AER. Advisors Asset Management Inc. grew its holdings in AerCap by 15.2% during the fourth quarter. Advisors Asset Management Inc. now owns 4,049 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 533 shares during the period. Cubist Systematic Strategies LLC grew its holdings in AerCap by 529.7% during the fourth quarter. Cubist Systematic Strategies LLC now owns 72,645 shares of the financial services provider’s stock worth $4,465,000 after purchasing an additional 61,109 shares during the period. AQR Capital Management LLC bought a new position in AerCap during the fourth quarter worth about $545,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in AerCap by 0.5% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 93,731 shares of the financial services provider’s stock worth $5,762,000 after purchasing an additional 457 shares during the period. Finally, Blueshift Asset Management LLC bought a new position in AerCap during the fourth quarter worth about $926,000. 88.89% of the stock is currently owned by hedge funds and other institutional investors.

The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.17. The firm has a market cap of $8.12 billion, a P/E ratio of 8.09, a PEG ratio of 1.58 and a beta of 1.84. The business has a fifty day moving average of $60.30 and a 200 day moving average of $57.51.

About AerCap (NYSE:AER)

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in China, the United States, Ireland, and internationally. The company offers aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.

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