49.88 +0.01 (0.02%)
After hours: 4:11PM EDT
|Bid||49.98 x 1000|
|Ask||49.99 x 800|
|Day's Range||48.71 - 50.19|
|52 Week Range||36.16 - 58.30|
|Beta (3Y Monthly)||1.75|
|PE Ratio (TTM)||7.35|
|Earnings Date||Jul 29, 2019 - Aug 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||61.50|
(Bloomberg Opinion) -- Boeing Co. just got a big vote of confidence, but it still has much to prove.The commercial-jet maker on Tuesday announced a surprise order for its 737 Max jet – the first since the top-selling aircraft was involved in two fatal crashes that prompted regulators around the globe to ground it and sparked a full-blown crisis for the company. British Airways owner IAG SA signed a letter of intent for 200 of the planes at the Paris Air Show, with IAG CEO Willie Walsh saying he “would get on board a Max tomorrow.”It was Boeing’s most significant win of the event and helps the aerospace giant close the gap in its annual order showdown with arch-rival Airbus SE, which had racked up an impressive lead thanks to interest in the new longer-range version of its largest-single aisle jet. But this air show was always about more than orders for Boeing. Expectations for orders in general were low this year but expectations for Max orders were at zero. IAG’s willingness to back the Max gives Boeing’s reputation the credibility boost it so badly needed. The question is whether Boeing has done enough in terms of improving its transparency, communication and oversight issues to deserve that kind of endorsement.The relative dearth of orders for Boeing jets in the wake of the Max crisis had been the strongest means yet of holding the company accountable. The Max order – as well as orders for the 787 Dreamliner from Air Lease Corp. and Korean Airlines Co., also inked on Tuesday – gets it out of the aviation industry’s version of timeout. That was always inevitable: Boeing and Airbus enjoy a relative duopoly in commercial aviation and airlines would be reluctant to tilt the market-share balance too much in Airbus’s favor. But that doesn’t create much incentive for Boeing to fundamentally change its ways.CEO Dennis Muilenburg has created a special board committee to review Boeing’s operations, and has apologized for not notifying regulators or airlines earlier that a warning light linked to the software system at the heart of the Max’s woes wasn’t functioning properly. While there are no immediate plans to do so, Boeing CFO Greg Smith told Bloomberg News’s Julie Johnsson that the company could be open to changing the name of the plane, based on customer and passenger input. But will real changes actually be made? Will it take another Max crisis for us to find out if they were? It may be that Boeing will pay the pay the price for its missteps one way or another. For all the fixation on the Max and the debate around how long it would take for passengers to feel comfortable flying on the plane, Boeing’s customers have remained resolute in their support for the jet and its underlying value. “All of the operators of the Max, I can tell you, everyone likes it,” AerCap Holdings NV CEO Aengus Kelly said in an interview last week. “The fuel burn has been very good. People realize that and are trying to take advantage of the situation.” A win is a win, but what did Boeing have to give up to secure this kind of support from IAG? The deal is valued at $24 billion before accounting for customary discounts. The carrier is well-respected and isn’t usually the type to shop based on price. Its CEO is a former 737 pilot. In some ways, that makes this deal mean even more. But speculation about whether this was a sweetheart deal is likely to swirl.Boeing can now leave the Air Show with its head held a little higher, but its reputation won’t be rebuilt overnight.To contact the author of this story: Brooke Sutherland at firstname.lastname@example.orgTo contact the editor responsible for this story: Beth Williams at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
It was a rough fourth quarter for many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing the S&P by more […]
AerCap Holdings N.V. ("AerCap") (AER) today announced that the Board of Directors of AerCap Holdings N.V. (the “Company”) approved a share repurchase program authorizing total repurchases of up to $200 million of AerCap ordinary shares through December 31, 2019. Repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable U.S. federal securities laws. The timing of purchases and the exact number of ordinary shares to be purchased will be determined by the Company's management, in its discretion, and will depend upon market conditions and other factors.
AerCap Holdings NV NYSE:AERView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for AER with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding AER totaled $307 million. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Abu Dhabi-based investment firm Waha Capital on Sunday reported a first-quarter loss, hit by investment losses in AerCap. Waha said on Sunday it incurred a loss of 95 million dirhams on the disposal of shares in AerCap and 100 million dirhams towards reassessment of the value of AerCap's recoverable amount, it said.
Sohn Conference 2019: Here Are David Einhorn's Stock Picks(Continued from Prior Part)AerCap’s performanceAerCap (AER) has been one of the top contributors to Greenlight Capital’s (GLRE) performance YTD. As of May 6, AerCap’s stock has returned
Abu Dhabi investment firms Gulf Capital and Waha Capital have held exploratory discussions regarding a merger, three sources familiar with the matter told Reuters. The talks have taken place over the last ...
AerCap Holdings N.V. (“AerCap”) (AER) has announced today that it has delivered the first Airbus A321LR on operating lease to Air Transat. This is the first of 17 Airbus A320neo aircraft, including 15 A321LRs, to be delivered to the airline from AerCap’s order book with Airbus. AerCap is the world's largest Airbus A320neo Family lessor, with 270 aircraft owned and on order.
Some of the best minds on Wall Street lent a peek into their portfolios at Monday’s Ira Sohn Investment Conference. Here are some of their recent plays. David Einhorn The Greenlight Capital founder is ...
David Einhorn, president of Greenlight Capital, at the Sohn Investment Conference on Monday said his firm is positive on airplane leasing company AerCap Holdings and negative on railcar leasing company ...
Hedge fund manager David Einhorn discussed two positions his firm has taken, both relating to leasing in the transportation industry. The Greenlight Capital founder and president said Monday at the 24th annual Sohn Investment Conference in New York that his fund has a long position on AerBus and a short on GATX. AerCap AER is involved in airplane leasing, while GATX GMT is a leader in rail cars.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! AerCap Holdings N.V. (NYSE:AER), which is in the trade distributors business...
AerCap (AER) delivered earnings and revenue surprises of 5.00% and -0.44%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
The Dublin-based company said it had net income of $1.68 per share. The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings ...