Brokerages Set Aercap Holdings N.V. (NYSE:AER) Target Price at $153.38
by Doug Wharley · The Cerbat GemAercap Holdings N.V. (NYSE:AER – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $153.3750.
A number of equities research analysts recently commented on AER shares. Truist Financial assumed coverage on Aercap in a research report on Tuesday, December 9th. They issued a “buy” rating and a $159.00 target price on the stock. Barclays lifted their price objective on shares of Aercap from $144.00 to $162.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Zacks Research lowered shares of Aercap from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. TD Cowen reissued a “buy” rating on shares of Aercap in a report on Monday, March 16th. Finally, Morgan Stanley boosted their target price on shares of Aercap from $150.00 to $160.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd.
View Our Latest Stock Analysis on Aercap
Institutional Trading of Aercap
A number of hedge funds have recently modified their holdings of the stock. Mather Group LLC. purchased a new position in Aercap during the third quarter valued at approximately $26,000. Harbor Capital Advisors Inc. purchased a new stake in Aercap in the 4th quarter worth approximately $27,000. Greenline Wealth Management LLC acquired a new stake in shares of Aercap during the 4th quarter worth approximately $30,000. Advisory Services Network LLC acquired a new stake in shares of Aercap during the 3rd quarter worth approximately $35,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Aercap by 26.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.
Aercap Stock Performance
Shares of AER stock opened at $139.00 on Friday. The business has a fifty day moving average of $142.46 and a 200 day moving average of $136.81. Aercap has a 1 year low of $85.57 and a 1 year high of $154.94. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $23.20 billion, a price-to-earnings ratio of 6.51, a price-to-earnings-growth ratio of 1.23 and a beta of 0.99.
Aercap (NYSE:AER – Get Free Report) last announced its quarterly earnings data on Saturday, February 7th. The financial services provider reported $3.95 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.64. Aercap had a return on equity of 15.11% and a net margin of 44.04%.The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the company earned $3.31 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. As a group, research analysts expect that Aercap will post 11.29 earnings per share for the current year.
Aercap Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, February 25th. This is an increase from Aercap’s previous quarterly dividend of $0.27. Aercap’s dividend payout ratio (DPR) is 7.50%.
About Aercap
AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.
Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.