AerCap (NYSE:AER) Sets New 52-Week High – Should You Buy?

AerCap Holdings (NYSE:AER)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $102.52 and last traded at $102.51, with a volume of 195538 shares traded. The stock had previously closed at $100.70.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group reissued a “buy” rating and set a $119.00 price target on shares of AerCap in a research report on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, AerCap currently has an average rating of “Moderate Buy” and an average price target of $112.00.

AerCap Stock Performance

The firm has a 50 day moving average of $96.25 and a two-hundred day moving average of $95.49. The stock has a market cap of $20.93 billion, a P/E ratio of 8.38, a P/E/G ratio of 2.25 and a beta of 1.81. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67.

Institutional Trading of AerCap

Several hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its stake in AerCap by 15.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 108 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in AerCap by 0.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,192 shares of the financial services provider’s stock valued at $1,837,000 after acquiring an additional 115 shares in the last quarter. Dupree Financial Group LLC raised its holdings in AerCap by 0.4% in the 3rd quarter. Dupree Financial Group LLC now owns 28,395 shares of the financial services provider’s stock valued at $2,690,000 after acquiring an additional 121 shares in the last quarter. Signaturefd LLC raised its holdings in AerCap by 3.2% in the 4th quarter. Signaturefd LLC now owns 5,717 shares of the financial services provider’s stock valued at $547,000 after acquiring an additional 177 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its holdings in AerCap by 3.8% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 5,322 shares of the financial services provider’s stock valued at $509,000 after acquiring an additional 194 shares in the last quarter. 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.