Deutsche Bank Securities Maintains BUY Rating on AerCap Holdings NV (NYSE: AER)

New York, May 10 (FinanceEnquiry.com) – Analysts at Deutsche Bank Securities maintain BUY rating on the shares of AerCap Holdings NV (NYSE: AER). The 12-month target price is set to $15.

 

In a research note published yesterday, the analysts mention that March Q of AerCap Holdings NV was ahead than expected. The company reported a solid Mar Q diluted EPS of $0.49 despite of an accounting mismatch between revs/costs tied to lease defaults at the end of 2011 against the forecast/consensus of $0.45.

 

However, the costs from the defaults will pressure 2012 results after accounting for the timing mismatched , the net result gained $2 Million.

 

The analysts believe it reflects the strength of AerCap’s fleet,  the prudent mix of risk/reward built into the contracts and the depth of  the customer base. Provided these strengths in addition to its strong balance sheet and the new investment grade rating, the analysts believe AerCap’s investments will continue to uplift the EPS.

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