AerCap (NYSE:AER) Given "Buy" Rating at The Goldman Sachs Group

AerCap (NYSE:AER - Get Free Report)'s stock had its "buy" rating restated by investment analysts at The Goldman Sachs Group in a note issued to investors on Thursday,Benzinga reports. They presently have a $119.00 price objective on the financial services provider's stock. The Goldman Sachs Group's target price indicates a potential upside of 24.91% from the stock's previous close.

A number of other research analysts also recently issued reports on the company. Barclays boosted their price target on AerCap from $111.00 to $113.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Susquehanna boosted their target price on shares of AerCap from $100.00 to $108.00 and gave the company a "positive" rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of AerCap from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Finally, TD Cowen reaffirmed a "buy" rating and issued a $125.00 price objective on shares of AerCap in a report on Monday, July 29th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, AerCap has an average rating of "Moderate Buy" and an average price target of $112.00.

AerCap Price Performance

Shares of NYSE:AER opened at $95.27 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The company's 50 day moving average is $95.44 and its 200 day moving average is $93.63. AerCap has a twelve month low of $66.34 and a twelve month high of $99.68. The company has a market cap of $18.86 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 2.16 and a beta of 1.83.

AerCap (NYSE:AER - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting the consensus estimate of $2.41. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $2.81 EPS. On average, sell-side analysts forecast that AerCap will post 11.26 EPS for the current year.

Hedge Funds Weigh In On AerCap

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its position in shares of AerCap by 89.9% during the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider's stock worth $25,000 after purchasing an additional 134 shares during the last quarter. Mather Group LLC. increased its stake in AerCap by 230.1% during the 2nd quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock worth $27,000 after buying an additional 214 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of AerCap during the third quarter valued at approximately $35,000. UMB Bank n.a. lifted its position in shares of AerCap by 35.5% in the third quarter. UMB Bank n.a. now owns 664 shares of the financial services provider's stock valued at $63,000 after acquiring an additional 174 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of AerCap in the third quarter worth approximately $64,000. 96.42% of the stock is 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.

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