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 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.
COPYRIGHT VIOLATION WARNING: “Morgan Stanley Increases AerCap (AER) Price Target to $49.00” was posted by Week Herald and is owned by of Week Herald. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://weekherald.com/2018/02/22/morgan-stanley-increases-aercap-aer-price-target-to-49-00.html.
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.
Receive News & Ratings for AerCap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AerCap and related companies with MarketBeat.com's FREE daily email newsletter.