AerCap Holdings (AER) PT Raised to $170 at TD Cowen

TD Cowen analyst Moshe Orenbuch raised the price target on AerCap Holdings (NYSE: AER) to $170.00 (from $165.00) while maintaining a Buy rating.

The analyst commented: "AerCap Q1 Preview Strong GOS and High Buyback; AER will report Q1 EPS on April 29. Overall, deliveries were on the lighter side in the q; however, sales, repurchasing, and leasing activity were very strong. The sales activity was also weighted toward newer aircraft, implying higher proceeds. AER repurchased $745mm of shares, the third highest in company's history. We are 10% above consensus at $3.90 vs $3.67, driven by higher gain on sale rev. We revised our Q1 EPS estimates, increasing AER from $3.57 to $3.90, primarily due to higher estimated aircraft sales revenue and greater-than-expected share repurchases in Q1. We have increased our 2026 EPS estimate to $16.25 from $16.00 and our 2027 estimates to $17.75 from 17.50. We increase our price target to $170 (old:$165), 9.5x our 2027 EPS estimate or 1.35x our 2026 end P/B estimate)."

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