Aercap Holdings N.V. (AER) : Traders are bullish on Aercap Holdings N.V. (AER) as it has outperformed the S&P 500 by a wide margin of 3.85% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.15%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.58% in the last 1 week, and is up 6.43% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Aercap Holdings N.V. (NYSE:AER): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.22 and $36.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.72, notching a gain of 2.46% for the day. The total traded volume was 1,634,045 . The stock had closed at $35.84 on the previous day.
The stock has recorded a 20-day Moving Average of 0.83% and the 50-Day Moving Average is 0.31%. AerCap Holdings N.V. has dropped 9.89% during the last 3-month period . Year-to-Date the stock performance stands at -14.92%.
Aercap Holdings N.V. (AER) : The highest level Aercap Holdings N.V. (AER) is projected to reach is $70 for the short term and the lowest estimate is at $43. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $53.88 and the possibility the share price can swing is $9.63.
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 1,132 aircraft, including 1,100 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 Companys 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.