raises AerCap stock price target on first-quarter profit

TD Cowen raised its price target on AerCap Holdings (NYSE:AER) to $100.00 from the previous price of $95.00 on Wednesday, while continuing to give the stock a Buy rating. The revision comes after AerCap reported first-quarter 2024 earnings that beat TD Cowen's expectations, which were already above consensus.

As a result, the company raised its full-year guidance to the higher end of its previous forecast. AerCap also revealed that its book value at the end of this quarter was US$87.47, a year-on-year decrease of 27%. The company's financial strength appears to be trending upward, which is having a positive impact on its stock value.

In addition to profit expectations and raised guidance, AerCap also hinted at a Capital Markets Day event scheduled for May 8, 2024. Trends in rental rates in 2025 and 2026.

TD Cowen maintains a buy rating indicating confidence in AerCap's market position and future prospects. The company's results and forward-looking statements appear consistent with TD Cowen's positive outlook on the stock.

Investors and market observers will now likely turn their attention to the upcoming Capital Markets Day to learn more about AerCap's strategy and market expectations, which could further impact the company's stock performance on the New York Stock Exchange.

Investment Professional Insights

As TD Cowen raised its price target on AerCap Holdings (NYSE: AER ), InvestingPro's live indicators paint a detailed picture of the company's financial health and market performance.

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AerCap has a market capitalization of $16.74 billion and a price-to-earnings ratio of 6.16, which is very attractive and represents a potentially undervalued investment opportunity. As of the fourth quarter of 2023, the company's gross profit margin was as high as 57.27% in the past 12 months, demonstrating strong operating efficiency.

InvestingPro Tips highlights AerCap's aggressive stock repurchase strategy, which can indicate management's confidence in the company's value. Additionally, AerCap's high shareholder yield and low price-to-earnings ratio may appeal to value investors.

Notably, the stock has experienced significant gains over the past six months with a total return of 35.47%, indicating underlying market optimism, despite analysts downgrading earnings for the period ahead.

For investors interested in AerCap's prospects and keen to explore more insights, InvestingPro has more tips on the company's financials and market forecasts.Use coupon code PRONEWS24 Subscribe to Pro and Pro+ annually or every two years to receive an additional 10% discount and access to a wealth of knowledge to inform your investment decisions. There are 14 additional InvestingPro tips to further guide you to AerCap's potential.

This article was generated with the support of artificial intelligence and reviewed by an editor. For more information, please see our terms and conditions.

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