Morgan Stanley Increases AerCap (AER) Price Target to $49.00

AerCap (NYSE:AER) had its target price lifted by analysts at Morgan Stanley from $48.00 to $49.00 in a research note issued on Tuesday. The firm presently has an “underweight” rating on the financial services provider’s stock. Morgan Stanley’s price objective would indicate a potential downside of 4.84% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on AER. Zacks Investment Research raised AerCap from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Royal Bank of Canada reduced their price target on AerCap from $77.00 to $74.00 and set an “outperform” rating for the company in a report on Tuesday, November 14th. Wells Fargo & Co set a $62.00 price target on AerCap and gave the stock a “buy” rating in a report on Friday, December 15th. Cowen upped their price target on AerCap from $55.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Finally, Citigroup assumed coverage on AerCap in a report on Friday, December 8th. They issued a “neutral” rating and a $57.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $58.73.

AerCap (AER) opened at $51.49 on Tuesday. The stock has a market capitalization of $8,160.00, a PE ratio of 7.62, a PEG ratio of 0.69 and a beta of 1.79. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 3.17. AerCap has a fifty-two week low of $42.35 and a fifty-two week high of $55.67.

AerCap (NYSE:AER) last issued its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.29. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. AerCap had a return on equity of 12.33% and a net margin of 21.36%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.01 EPS. sell-side analysts expect that AerCap will post 6.28 earnings per share for the current year.

AerCap declared that its Board of Directors has approved a share repurchase plan on Thursday, November 2nd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional investors have recently made changes to their positions in the business. Financial Gravity Companies Inc. acquired a new position in shares of AerCap during the fourth quarter valued at approximately $130,000. Cerebellum GP LLC acquired a new position in shares of AerCap during the fourth quarter valued at approximately $127,000. Icon Wealth Partners LLC acquired a new position in shares of AerCap during the fourth quarter valued at approximately $134,000. We Are One Seven LLC acquired a new position in shares of AerCap during the fourth quarter valued at approximately $188,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in shares of AerCap during the third quarter valued at approximately $208,000. 83.09% of the stock is owned by institutional investors and hedge funds.

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About AerCap

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. It operates its business on a global basis, leasing aircraft to customers in various geographical regions.

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