AerCap Holdings (NYSE:AER) Receives $118.00 Average Target Price from Brokerages

AerCap Holdings (NYSE:AER) has received an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $119.25.

AER has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on AerCap from $112.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Susquehanna raised their price target on AerCap from $120.00 to $130.00 and gave the stock a “positive” rating in a research note on Tuesday. UBS Group downgraded AerCap to an “underperform” rating in a research note on Friday, March 7th. Barclays restated an “overweight” rating and issued a $115.00 price target (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Finally, Morgan Stanley raised their price target on AerCap from $101.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 1st.

AerCap Stock Performance

Shares of AER opened at $113.69 on Tuesday. The business’s fifty day simple moving average is $101.24 and its two-hundred day simple moving average is $98.51. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap has a 12 month low of $82.21 and a 12 month high of $114.33. The company has a market cap of $21.24 billion, a price-to-earnings ratio of 9.01, a P/E/G ratio of 2.22 and a beta of 1.41.

AerCap (NYSE:AER) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $3.68 EPS for the quarter, beating the consensus estimate of $2.69 by $0.99. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the business posted $3.29 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. Research analysts anticipate that AerCap will post 11.29 earnings per share for the current fiscal year.

AerCap Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 14th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a yield of 0.95%. AerCap’s dividend payout ratio is currently 9.58%.

AerCap declared that its Board of Directors has approved a share buyback program on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On AerCap

A number of institutional investors and hedge funds have recently bought and sold shares of the business. PDT Partners LLC raised its holdings in AerCap by 170.7% during the first quarter. PDT Partners LLC now owns 49,292 shares of the financial services provider’s stock valued at $5,036,000 after acquiring an additional 31,081 shares during the period. Steamboat Capital Partners LLC raised its holdings in AerCap by 35.5% during the first quarter. Steamboat Capital Partners LLC now owns 130,000 shares of the financial services provider’s stock valued at $13,282,000 after acquiring an additional 34,048 shares during the period. Quarry LP bought a new stake in AerCap during the first quarter valued at about $37,000. DRW Securities LLC bought a new stake in AerCap during the first quarter valued at about $244,000. Finally, Twin Tree Management LP raised its holdings in AerCap by 75.2% during the first quarter. Twin Tree Management LP now owns 9,636 shares of the financial services provider’s stock valued at $985,000 after acquiring an additional 4,137 shares during the period. 96.42% of the stock is owned by institutional investors.

AerCap Company Profile

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.