Wells Fargo Defends AerCap Holdings (AER); No M&A Discussions, But Still Best Managed Aircraft Lessor
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Price: $16.50 -0.3%
Rating Summary:
7 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
7 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade AER Now!
Wells Fargo reiterates an 'Outperform' on AerCap Holdings (NYSE: AER).
Analyst, Gary S. Liebowitz, said, "This morning AER issued a press release stating that, contrary to a week-ago report in Flightglobal, the company has not engaged a financial advisor nor discussed with any party the potential sale of the company...Still, we view AER as the best-managed of the four publicly traded aircraft lessors trading at <75% of book value despite an industry leading 2013E pretax RoE of 12-13%. Also, while AER's press release stated that it is currently not engaged in M&A talks, it did reconfirm that the Board is exploring value-enhancing strategies."
For an analyst ratings summary and ratings history on AerCap Holdings click here. For more ratings news on AerCap Holdings click here.
Shares of AerCap Holdings closed at $12.75 yesterday, with a 52 week range of $8.77-$13.50.
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Analyst, Gary S. Liebowitz, said, "This morning AER issued a press release stating that, contrary to a week-ago report in Flightglobal, the company has not engaged a financial advisor nor discussed with any party the potential sale of the company...Still, we view AER as the best-managed of the four publicly traded aircraft lessors trading at <75% of book value despite an industry leading 2013E pretax RoE of 12-13%. Also, while AER's press release stated that it is currently not engaged in M&A talks, it did reconfirm that the Board is exploring value-enhancing strategies."
For an analyst ratings summary and ratings history on AerCap Holdings click here. For more ratings news on AerCap Holdings click here.
Shares of AerCap Holdings closed at $12.75 yesterday, with a 52 week range of $8.77-$13.50.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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