S&P REITERATES BUY RECOMMENDATION ON SHARES OF AERCAP HOLDINGS (S&P Capital IQ) We are maintaining our EPS estimate for '12 at $1.95, and '13's at $2.23. Our target price is also unchanged at $15, based on our price-to-tangible book value metric. We think AER's portfolio culling is largely complete, and expect the pace of aircraft acquisitions to accelerate. With large global banks exiting the aircraft market, we expect reduced availability of funding for all but the largest lessors, like AER. Our forecast for '12 incorporates the net addition of 21 aircraft, reflecting both opportunistic purchases as well as delivery from its forward order book.
Earnings ok but nothing to move the needle. Aer now knows how to increase the stock price but selling the company doesn't seem to on their plate. Stock buybacks and dividends are the two next best strategies for rewarding patient investors. We are still undervalued but that doesn't seem to matter. cheers
Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: • The Advisory Board Co. (ABCO) • AerCap Holdings N.V. (AER) • American Water Works Co., Inc. (AWK) • AMN Healthcare Services, Inc. (AHS) • ArQule, Inc. (ARQL)