Investing.com - Morgan Stanley lowered its price target on AerCap Holdings (NYSE:AER) shares to $155 from $160 while maintaining an Equalweight rating on the stock. The shares currently trade at $138.11, suggesting potential upside to the new target.
The firm adjusted its model following the company’s first-quarter 2026 results and management commentary.
Morgan Stanley decreased its 2027 price-to-book multiple to approximately 1.2x from approximately 1.3x on a mark-to-market basis.
The firm’s 1.2x price-to-book multiple represents a modest premium to the current valuation of approximately 1.1x next-twelve-months price-to-book.
Morgan Stanley reiterated its Equalweight rating on AerCap Holdings.
In other recent news, AerCap Holdings NV reported impressive financial results for the first quarter of 2026, surpassing market expectations. The company achieved an adjusted earnings per share of $5.39, significantly higher than the projected $3.67. Revenue also exceeded forecasts, reaching $2.24 billion compared to the expected $2.04 billion. Following these results, TD Cowen raised its price target for AerCap to $175 from $170, maintaining a Buy rating, citing strong first-quarter results and higher gains on sales as key factors. Truist Securities also increased its price target to $161 from $159, highlighting large sale gains during the quarter as evidence of a favorable supply and demand imbalance for the company. These developments reflect positive sentiment from analysts regarding AerCap’s financial performance and market position.
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