Market Overview

UPDATE: Citigroup Reiterates Buy Rating, Raises PT on AerCap Holdings

Related AER
Markets Close The Week On Negative Note As Ukraine Worries Mount
Einhorn Discloses Stakes In Time & 5 Other Companies
Benmosche: Businesses Need More Confidence (Fox Business)

In a report published Monday, Citigroup reiterated its Buy rating on AerCap Holdings NV (NYSE: AER), and slightly raised its price target from $18.30 to $18.60.

Citigroup noted, “AER plans its annual investor day in New York on September 12. We expect it to focus on its strategic review that has been conducted since May 2012, as already announced. The review is aimed at boosting shareholder value based on various options ranging from share re-purchases and aircraft acquisitions and disposals to a potential sale or merger of the company. We expect the focus to be mainly share repurchases and aircraft acquisitions but if the share price continues to trade at a 30%+ discount to BVPS, we would expect the Board to consider wider-ranging options, especially as non-listed aircraft lessor investment transactions have generally taken place above book value (e.g. RBS Aviation Capital to Sumitomo Mitsui at a reported P/BVPS of 1.05x).”

AerCap Holdings NV closed on Friday at $12.00.

Latest Ratings for AER

DateFirmActionFromTo
Aug 2014BarclaysMaintainsEqual-weight
Aug 2014Deutsche BankMaintainsBuy
Aug 2014Evercore PartnersMaintainsOverweight

View More Analyst Ratings for AER
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (AER)

Around the Web, We're Loving...

Get Benzinga's Newsletters