AerCap (NYSE:AER) Price Target Raised to $94.00 at Barclays

AerCap (NYSE:AER) had its price objective upped by Barclays from $93.00 to $94.00 in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

AER has been the subject of several other reports. BMO Capital Markets dropped their target price on AerCap from $103.00 to $101.00 and set an outperform rating for the company in a report on Monday, February 26th. TD Cowen reissued a buy rating and set a $85.00 price target on shares of AerCap in a research report on Tuesday, February 27th. 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. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, AerCap has an average rating of Buy and a consensus target price of $91.43.

AerCap Stock Performance

Shares of NYSE AER opened at $87.60 on Thursday. The stock has a market cap of $17.34 billion, a price-to-earnings ratio of 5.70, a P/E/G ratio of 2.97 and a beta of 1.84. The stock’s 50-day moving average is $83.94 and its 200 day moving average is $75.54. The company has a current ratio of 0.26, a quick ratio of 0.33 and a debt-to-equity ratio of 2.70. AerCap has a 1-year low of $53.42 and a 1-year high of $88.54.

AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.98. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 EPS. On average, sell-side analysts anticipate that AerCap will post 9.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Trust Co. of Vermont bought a new position in AerCap in the fourth quarter worth $27,000. Optiver Holding B.V. bought a new stake in shares of AerCap in the 3rd quarter worth approximately $32,000. Assetmark Inc. bought a new position in AerCap in the 4th quarter worth about $42,000. Allworth Financial LP grew its holdings in shares of AerCap by 2,460.0% during the third quarter. Allworth Financial LP now owns 768 shares of the financial services provider’s stock valued at $48,000 after buying an additional 738 shares during the last quarter. Finally, CVA Family Office LLC bought a new stake in shares of AerCap during the first quarter valued at approximately $52,000. Institutional investors own 96.42% of the company’s stock.

About AerCap

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.