Susquehanna Forecasts Strong Price Appreciation for AerCap (NYSE:AER) Stock

AerCap (NYSE:AER) had its price objective boosted by research analysts at Susquehanna from $108.00 to $120.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “positive” rating on the financial services provider’s stock. Susquehanna’s target price would indicate a potential upside of 16.34% from the stock’s previous close.

Several other analysts also recently weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 target price on shares of AerCap in a research note on Thursday, November 21st. Barclays restated an “overweight” rating and set a $115.00 price target (up from $113.00) on shares of AerCap in a research report on Thursday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, AerCap presently has a consensus rating of “Moderate Buy” and an average target price of $116.17.

AerCap Stock Up 0.6 %

AerCap stock opened at $103.14 on Thursday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. AerCap has a one year low of $76.14 and a one year high of $107.36. The company has a 50-day simple moving average of $97.20 and a 200-day simple moving average of $95.98. The firm has a market capitalization of $20.42 billion, a P/E ratio of 8.17, a P/E/G ratio of 2.22 and a beta of 1.81.

AerCap (NYSE:AER) last posted its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, topping the consensus estimate of $2.56 by $0.75. The firm had revenue of $2.07 billion during 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%. As a group, equities analysts expect that AerCap will post 11.29 earnings per share for the current year.

AerCap declared that its board has initiated a stock buyback plan on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire up to 4.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On AerCap

Large investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of AerCap during the fourth quarter worth $218,517,000. Darsana Capital Partners LP acquired a new stake in AerCap during the 3rd quarter worth about $94,720,000. Alyeska Investment Group L.P. lifted its stake in AerCap by 139.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,505,799 shares of the financial services provider’s stock valued at $144,105,000 after buying an additional 875,950 shares in the last quarter. TOMS Capital Investment Management LP boosted its holdings in shares of AerCap by 118.8% in the fourth quarter. TOMS Capital Investment Management LP now owns 1,398,000 shares of the financial services provider’s stock worth $133,789,000 after buying an additional 759,000 shares during the period. Finally, Millennium Management LLC increased its position in shares of AerCap by 190.7% in the fourth quarter. Millennium Management LLC now owns 1,074,931 shares of the financial services provider’s stock worth $102,871,000 after acquiring an additional 705,212 shares in the last quarter. 96.42% of the stock is owned by institutional investors.

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.