D.A. Davidson Reiterates a Buy Rating on Aercap Holdings

By Carrie Williams

In a report issued on November 4, Arren Cyganovich from D.A. Davidson reiterated a Buy rating on Aercap Holdings (NYSE: AER), with a price target of $52. The company’s shares closed yesterday at $41.98.

According to TipRanks.com, Cyganovich is a 4-star analyst with an average return of 5.9% and a 63.3% success rate. Cyganovich covers the Financial sector, focusing on stocks such as Fidus Investment Corporation, Pennantpark Investment Corp., and BlackRock Capital Investment.

Aercap Holdings has an analyst consensus of Strong Buy, with a price target consensus of $63.

Based on Aercap Holdings’ latest earnings report from June 30, the company posted quarterly revenue of $1.24B and quarterly net profit of $233.3M. In comparison, last year the company earned revenue of $1.32B and had a net profit of $293.9M.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is neutral on the stock. Most recently, in September 2016, Michael Gradon, a Director at AER sold 592 shares for a total of $24,023.

AerCap Holdings NV engages in aircraft leasing and aviation finance. It acquires new or used commercial aircrafts and lends them to its clients via operating leases. It also provides aircraft owners, financiers and investors with asset services to manage an aircraft portfolio. It operates through the Leasing, Financing, Sales, and Management of Commercial Aircraft and Engines segment. The company was founded in 1995 and is headquartered in Dublin, Ireland.