AerCap Holdings (NYSE:AER) Receives Average Rating of “Moderate Buy” from Analysts

Shares of AerCap Holdings (NYSE:AER) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $102.38.

Several research analysts recently weighed in on the company. Barclays raised their target price on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Morgan Stanley initiated coverage on shares of AerCap in a research note on Friday, June 7th. They issued an “equal weight” rating and a $103.00 price objective on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of AerCap from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. TD Cowen restated a “buy” rating and issued a $125.00 price target on shares of AerCap in a research report on Monday, July 29th. Finally, Susquehanna raised their price objective on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd.

AerCap Stock Down 1.1 %

AerCap stock opened at $91.96 on Friday. The company’s 50-day moving average price is $93.62 and its two-hundred day moving average price is $89.17. The stock has a market cap of $18.20 billion, a price-to-earnings ratio of 5.98, a PEG ratio of 2.18 and a beta of 1.83. AerCap has a 52 week low of $57.30 and a 52 week high of $98.79. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 2.69.

AerCap (NYSE:AER) last announced its earnings results on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, topping the consensus estimate of $2.41 by $0.60. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.89 billion. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.56 earnings per share. On average, analysts expect that AerCap will post 11.33 EPS for the current fiscal year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.09%. AerCap’s dividend payout ratio is 6.51%.

Hedge Funds Weigh In On AerCap

Institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in shares of AerCap by 89.9% during the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 134 shares during the period. Trust Co. of Vermont acquired a new stake in shares of AerCap during the 4th quarter valued at $27,000. Mather Group LLC. grew its holdings in shares of AerCap by 230.1% during the 2nd quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 214 shares in the last quarter. Assetmark Inc. acquired a new position in shares of AerCap in the fourth quarter worth $42,000. Finally, CVA Family Office LLC purchased a new stake in shares of AerCap during the first quarter worth $52,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

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.