AerCap (NYSE:AER) Sets New 52-Week High – What’s Next?

AerCap Holdings N.V. (NYSE:AER)’s share price hit a new 52-week high on Wednesday. The stock traded as high as $165.33 and last traded at $164.7780, with a volume of 297,660 shares. The stock had previously closed at $162.41.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Citigroup increased their target price on shares of AerCap from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. TD Cowen lifted their price target on shares of AerCap from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Weiss Ratings upgraded AerCap from a “buy (a-)” rating to a “buy (a)” rating in a research note on Friday, October 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $190.00 price target on shares of AerCap in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. increased their price target on AerCap from $183.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $185.88.

AerCap Stock Performance

The stock has a 50 day moving average of $147.05 and a 200 day moving average of $145.03. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 2.32. The firm has a market cap of $28.26 billion, a price-to-earnings ratio of 8.68, a P/E/G ratio of 0.56 and a beta of 0.99.

AerCap (NYSE:AER) last released its earnings results on Wednesday, October 28th. The financial services provider reported $6.56 EPS for the quarter, beating the consensus estimate of $4.56 by $2.00. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.15 billion. AerCap had a net margin of 34.47% and a return on equity of 18.26%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $4.97 EPS. As a group, analysts anticipate that AerCap Holdings N.V. will post 22.30 EPS for the current fiscal year.

AerCap Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Wednesday, November 11th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, November 10th. AerCap’s payout ratio is currently 8.20%.

Institutional Investors Weigh In On AerCap

A number of large investors have recently modified their holdings of AER. Groupe la Francaise raised its stake in shares of AerCap by 221.4% during the first quarter. Groupe la Francaise now owns 180 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 124 shares during the last quarter. Livelsberger Financial Advisory acquired a new position in shares of AerCap during the third quarter worth $27,000. Signature Equity Partners LLC grew its stake in shares of AerCap by 68.0% in the third quarter. Signature Equity Partners LLC now owns 210 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 85 shares during the last quarter. First Command Advisory Services Inc. grew its stake in shares of AerCap by 1,122.2% in the third quarter. First Command Advisory Services Inc. now owns 220 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 202 shares during the last quarter. Finally, Trust Co. of Vermont bought a new stake in shares of AerCap in the second quarter worth $38,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Company Profile

AerCap Holdings N.V. is a global aviation leasing company headquartered in Dublin, Ireland, and listed on the New York Stock Exchange under the symbol AER. Through its subsidiaries, AerCap owns, manages and leases commercial aircraft, engines and helicopters to airlines and other aviation customers worldwide.

The company provides operating leases, finance leases, aircraft trading and asset management services. Its fleet portfolio includes aircraft from major manufacturers such as Airbus and Boeing, as well as engines and helicopters.