Truist Financial Forecasts Strong Price Appreciation for Aercap (NYSE:AER) Stock

Aercap (NYSE:AER) had its target price increased by investment analysts at Truist Financial from $161.00 to $175.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Truist Financial’s target price would indicate a potential upside of 17.06% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Susquehanna boosted their price objective on shares of Aercap from $170.00 to $176.00 and gave the stock a “positive” rating in a research report on Tuesday. Morgan Stanley reduced their target price on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. JPMorgan Chase & Co. increased their price objective on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. TD Cowen upped their target price on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Zacks Research cut Aercap from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Aercap presently has an average rating of “Moderate Buy” and an average price target of $167.50.

Aercap Stock Down 1.0%

NYSE:AER traded down $1.57 during trading hours on Wednesday, hitting $149.50. The company’s stock had a trading volume of 68,379 shares, compared to its average volume of 1,320,160. The stock has a market capitalization of $24.95 billion, a P/E ratio of 6.55, a price-to-earnings-growth ratio of 1.07 and a beta of 0.94. The stock has a fifty day moving average of $142.36 and a 200-day moving average of $142.93. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. Aercap has a 52-week low of $105.65 and a 52-week high of $155.99.

Aercap (NYSE:AER) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. The company had revenue of $2.30 billion during the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%. On average, equities analysts forecast that Aercap will post 17.23 earnings per share for the current year.

Aercap announced that its Board of Directors has initiated a stock buyback plan 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 shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Aercap

Several institutional investors and hedge funds have recently added to or reduced their stakes in AER. Integrated Wealth Concepts LLC lifted its stake in shares of Aercap by 19.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 423 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Aercap by 282.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock worth $680,000 after purchasing an additional 4,919 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Aercap by 26.6% in the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after buying an additional 94 shares during the period. Invesco Ltd. raised its holdings in Aercap by 43.3% in the second quarter. Invesco Ltd. now owns 459,459 shares of the financial services provider’s stock valued at $53,757,000 after buying an additional 138,843 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Aercap by 59.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,143 shares of the financial services provider’s stock valued at $134,000 after buying an additional 425 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

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.