AerCap’s (AER) “Buy” Rating Reaffirmed at TD Cowen

TD Cowen restated their buy rating on shares of AerCap (NYSE:AER) in a research note released on Monday morning, Marketbeat.com reports. They currently have a $125.00 price target on the financial services provider’s stock.

AER has been the subject of several other research reports. Morgan Stanley started coverage on AerCap in a research report on Friday, June 7th. They set an equal weight rating and a $103.00 price objective for the company. Deutsche Bank Aktiengesellschaft boosted their price objective on AerCap from $95.00 to $110.00 and gave the stock a buy rating in a research report on Thursday, May 9th. Barclays boosted their price objective on AerCap from $94.00 to $111.00 and gave the stock an overweight rating in a research report on Thursday, July 18th. Finally, Susquehanna boosted their price objective on AerCap from $90.00 to $100.00 and gave the stock a positive rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $101.13.

AerCap Price Performance

Shares of NYSE:AER opened at $92.00 on Monday. AerCap has a fifty-two week low of $57.30 and a fifty-two week high of $98.79. The business has a 50-day moving average of $93.13 and a two-hundred day moving average of $86.28. The stock has a market capitalization of $18.21 billion, a P/E ratio of 6.05, a P/E/G ratio of 2.22 and a beta of 1.83. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.26 and a quick ratio of 0.26.

AerCap (NYSE:AER) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.98. AerCap had a return on equity of 15.29% and a net margin of 42.78%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the firm earned $2.34 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that AerCap will post 10.62 EPS for the current fiscal year.

AerCap Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Wednesday, August 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.00 annualized dividend and a yield of 1.09%. AerCap’s dividend payout ratio is 6.51%.

Institutional Investors Weigh In On AerCap

Large investors have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of AerCap by 19.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,949 shares of the financial services provider’s stock valued at $9,643,000 after purchasing an additional 17,750 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of AerCap by 13.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 83,931 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 10,159 shares during the period. California Public Employees Retirement System grew its stake in shares of AerCap by 22.2% in the 4th quarter. California Public Employees Retirement System now owns 358,689 shares of the financial services provider’s stock valued at $26,658,000 after purchasing an additional 65,082 shares during the period. Desjardins Global Asset Management Inc. grew its position in AerCap by 281.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 25,957 shares of the financial services provider’s stock worth $1,929,000 after acquiring an additional 19,152 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in AerCap by 23.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 114,700 shares of the financial services provider’s stock worth $8,525,000 after acquiring an additional 22,100 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors.

About AerCap

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.