Market Overview

UPDATE: Credit Suisse Assumes Coverage of Aercap Holdings with an Outperform Rating and $16 TP

Related AER
Rent-A-Center Witnesses Downtrend on Macroeconomic Headwinds
Why AerCap Holdings (AER) Stock Might be a Great Pick - Tale of the Tape
Benmosche: Businesses Need More Confidence (Fox Business)

Credit Suisse is assuming coverage of Aercap Holdings N.V (NYSE: AER) with an Outperform rating and a target price of $16

Credit Suisse noted, "while AER reported solid top line growth, impairment reared its ugly head for the first time this year. We expect more of the same going forward as aircraft useful lives and associated cash flows are revisited. AER continued its efforts to enhance shareholder value through buying back ~13 M shares in Q3 (18.5 M YTD) at an average price of $11.75 (book value ~$18). While it can be argued that aircraft investments should be more beneficial to valuation, the market's bias is for buybacks."

Aercap Holdings closed at $12.96 on Wednesday.

Posted-In: Credit SuisseAnalyst Color Initiation Analyst Ratings

 

Most Popular

Related Articles (AER)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters