Market Overview

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

Share:
Related AER
Earnings Scheduled For February 21, 2017
David Einhorn's Great Call On Yelp
AerCap Holdings' (AER) CEO Aengus Kelly on Q4 2016 Results - Earnings Call Transcript (Seeking Alpha)

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.

Latest Ratings for AER

DateFirmActionFromTo
Jan 2017Compass PointInitiates Coverage OnBuy
Nov 2016Stephens & Co.Initiates Coverage OnOverweight
Mar 2016CitigroupMaintainsBuy

View More Analyst Ratings for AER
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Initiation Analyst Ratings

 

Related Articles (AER)

View Comments and Join the Discussion!