Morgan Stanley Lowers AerCap (NYSE:AER) Price Target to $101.00

AerCap (NYSE:AER) had its price objective lowered by equities researchers at Morgan Stanley from $112.00 to $101.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price target suggests a potential upside of 9.75% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. UBS Group cut AerCap to an “underperform” rating in a report on Friday, March 7th. Susquehanna boosted their price target on AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a report on Thursday, February 27th. Barclays reaffirmed an “overweight” rating and set a $115.00 price objective (up from $113.00) on shares of AerCap in a report on Thursday, February 27th. Finally, Bank of America lifted their price objective on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.14.

AerCap Stock Up 1.8 %

NYSE AER opened at $92.03 on Friday. AerCap has a 52 week low of $81.93 and a 52 week high of $107.36. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The company has a market capitalization of $17.19 billion, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 2.22 and a beta of 1.46. The stock’s 50-day moving average price is $99.46 and its 200-day moving average price is $97.08.

AerCap (NYSE:AER) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.75. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. On average, equities research analysts predict that AerCap will post 11.29 earnings per share for the current year.

AerCap declared that its Board of Directors has approved a share repurchase program on Wednesday, February 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. purchased a new position in AerCap during the fourth quarter worth $27,000. Toth Financial Advisory Corp bought a new stake in shares of AerCap in the 4th quarter worth about $29,000. Pinpoint Asset Management Ltd purchased a new position in shares of AerCap during the 4th quarter worth about $35,000. Fortitude Family Office LLC bought a new position in AerCap during the 4th quarter valued at about $38,000. Finally, TD Private Client Wealth LLC purchased a new stake in AerCap in the 3rd quarter worth about $78,000. Hedge funds and other 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.