AerCap (NYSE:AER) Price Target Raised to $125.00

AerCap (NYSE:AER) had its price target upped by analysts at Bank of America from $105.00 to $125.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Bank of America‘s price target points to a potential upside of 25.46% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Susquehanna lifted their price target on shares of AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a report on Thursday, February 27th. Barclays reissued an “overweight” rating and set a $115.00 target price (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $119.00 price target on shares of AerCap in a report on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $117.43.

AerCap Price Performance

Shares of NYSE AER opened at $99.63 on Friday. AerCap has a twelve month low of $80.90 and a twelve month high of $107.36. The stock’s 50 day moving average price is $97.88 and its 200-day moving average price is $96.31. The company has a market capitalization of $18.61 billion, a PE ratio of 7.89, a PEG ratio of 2.22 and a beta of 1.81. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89.

AerCap (NYSE:AER) last posted its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.75. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. On average, equities analysts anticipate that AerCap will post 11.29 EPS for the current year.

AerCap declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 4.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AER. Summit Global Investments purchased a new stake in shares of AerCap during the third quarter worth about $667,000. Townsend & Associates Inc bought a new position in shares of AerCap during the third quarter valued at approximately $17,527,000. Atria Investments Inc increased its stake in shares of AerCap by 3.4% during the third quarter. Atria Investments Inc now owns 14,072 shares of the financial services provider’s stock valued at $1,333,000 after purchasing an additional 457 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of AerCap by 4.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 83,959 shares of the financial services provider’s stock valued at $7,953,000 after buying an additional 3,700 shares during the last quarter. Finally, Entropy Technologies LP grew its holdings in shares of AerCap by 22.0% during the third quarter. Entropy Technologies LP now owns 20,204 shares of the financial services provider’s stock valued at $1,914,000 after buying an additional 3,649 shares during the last quarter. 96.42% of the stock is currently 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.