AerCap (NYSE:AER) saw its stock price target raised by Truist Financial from $180.00 to $185.00 on Thursday, reflecting a potential upside of 17.02% from its current price. The brokerage maintained a "buy" rating on the financial services provider. Other analysts have also weighed in, with Deutsche Bank setting a $190.00 price target and Citigroup reaffirming a "buy" rating. The stock currently has a consensus rating of "Moderate Buy" and an average price target of $173.89.
AerCap reported strong third-quarter earnings, with adjusted net income of $1.009 billion, or $6.56 per share, surpassing estimates of $4.56. Revenue rose 4.6% year over year to $2.42 billion, also exceeding expectations. Management raised its 2026 earnings outlook to approximately $20.70 per share, citing strong operating performance and expected aircraft sales exceeding $5 billion.
The company signed new leasing agreements with Turkish Airlines for two Boeing 777-300ERSF converted aircraft, scheduled for delivery from March through September 2027. However, AerCap's debt-to-equity ratio remains elevated at 2.32, with current and quick ratios at 0.28, posing risks for investors. The stock traded up $2.61 on Thursday, reaching $158.09, with a market cap of $26.38 billion.
Institutional investors have been active, with Donald Smith & CO. Inc. purchasing a new position valued at $424,585,000 in the second quarter. Other significant investors include Ninety One UK Ltd, KBC Group NV, Sei Investments Co., and Swiss National Bank, with 96.42% of the stock owned by institutional investors.