AerCap Holdings N.V. (AER) was Downgraded by FBR Capital to ” Mkt Perform” while Lowering the Price Target of the company shares to $ 43 from a previous price target of $50 . Earlier the firm had a rating of “Outperform ” on the company shares. FBR Capital advised their investors in a research report released on May 13, 2016.
Many Wall Street Analysts have commented on AerCap Holdings N.V.. Shares were Reiterated by Cowen on May 13, 2016 to “Outperform” and Lowered the Price Target to $ 49 from a previous price target of $52 .Shares were Reiterated by Barclays on Mar 14, 2016 to “Equal Weight” and Lowered the Price Target to $ 54 from a previous price target of $55 .Shares were Reiterated by Cowen on Feb 24, 2016 to “Outperform” and Lowered the Price Target to $ 52 from a previous price target of $57 .
On the company’s financial health, AerCap Holdings N.V. reported $1.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 12, 2016. Analyst had a consensus of $1.50. The company had revenue of $1318.00 million for the quarter, compared to analysts expectations of $1278.22 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS.
AerCap Holdings N.V. opened for trading at $40 and hit $40.63 on the upside on Tuesday, eventually ending the session at $40.42, with a gain of 1.02% or 0.41 points. The heightened volatility saw the trading volume jump to 31,31,650 shares. Company has a market cap of $8,098 M.
In a different news, on Feb 29, 2016, Marius Jonkhart (director) purchased 5,000 shares at $34.62 per share price. According to the SEC, on Dec 11, 2015, James N Chapman (director) sold 2,000 shares at $41.28 per share price. On Jun 18, 2015, Michael Gradon (director) sold 1,603 shares at $46.41 per share price, according to the Form-4 filing with the securities and exchange commission.
AerCap Holdings N.V. is an independent aircraft leasing company. The Company is engaged in leasing financing sales and management of commercial aircraft and engines. The Company owns 1132 aircraft including 1100 aircraft held for operating lease 27 aircraft under finance and sales-type lease four aircraft that met the criteria for being classified as held for sale and one aircraft under contract to be parted-out but excluding three aircraft owned by AeroTurbine. The Company also managed 115 aircraft and AerDragon a non-consolidated joint venture owned or had on order another 32 aircraft. The Company also has 380 new aircraft on order. The Company’s owned and managed aircraft are leased to over 200 commercial airline and cargo operator customers in approximately 90 countries. The Company offers aircraft services including aircraft asset management administrative services and cash management services.