AerCap (NYSE:AER) Price Target Raised to $105.00 at TD Cowen

AerCap (NYSE:AER) had its price target increased by analysts at TD Cowen from $100.00 to $105.00 in a note issued to investors on Thursday, StockNewsAPI reports. The firm presently has a “buy” rating on the financial services provider’s stock. TD Cowen’s price objective would indicate a potential upside of 16.52% from the stock’s current price.

Other analysts have also issued research reports about the company. Barclays increased their price target on AerCap from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. BMO Capital Markets cut their price objective on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Finally, Susquehanna boosted their price objective on shares of AerCap from $90.00 to $100.00 and gave the company a “positive” rating in a research report on Thursday, May 2nd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $92.14.

AerCap Stock Up 3.1 %

NYSE AER opened at $90.11 on Thursday. The stock has a 50 day moving average price of $84.67 and a 200-day moving average price of $76.28. AerCap has a one year low of $54.50 and a one year high of $90.24. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market capitalization of $17.84 billion, a P/E ratio of 5.86, a P/E/G ratio of 2.99 and a beta of 1.84.

AerCap (NYSE:AER) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $3.29 EPS for the quarter, beating the consensus estimate of $2.31 by $0.98. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the business earned $2.34 earnings per share. AerCap’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts predict that AerCap will post 9.2 EPS for the current fiscal year.

Institutional Trading of AerCap

A number of large investors have recently made changes to their positions in AER. Norges Bank purchased a new stake in shares of AerCap during the fourth quarter valued at $145,951,000. Wellington Management Group LLP boosted its stake in shares of AerCap by 9.9% during the third quarter. Wellington Management Group LLP now owns 21,028,200 shares of the financial services provider’s stock valued at $1,317,837,000 after purchasing an additional 1,901,459 shares during the period. Artisan Partners Limited Partnership purchased a new stake in shares of AerCap during the fourth quarter valued at $137,412,000. TOMS Capital Investment Management LP purchased a new stake in shares of AerCap during the fourth quarter valued at $133,330,000. Finally, 59 North Capital Management LP boosted its stake in shares of AerCap by 123.7% during the third quarter. 59 North Capital Management LP now owns 2,872,302 shares of the financial services provider’s stock valued at $180,007,000 after purchasing an additional 1,588,196 shares during the period. 96.42% of the stock is owned by hedge funds and other institutional investors.

AerCap Company Profile

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.