AerCap Holdings (NYSE:AER) Receives Consensus Rating of "Moderate Buy" from Brokerages

AerCap Holdings (NYSE:AER - Get Free Report) has received an average rating of "Moderate Buy" from the eight research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $117.43.

AER has been the subject of several research reports. Barclays reaffirmed an "overweight" rating and issued a $115.00 target price (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Susquehanna upped their price target on shares of AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a research report on Thursday, February 27th. UBS Group lowered AerCap to an "underperform" rating in a research note on Friday, March 7th. Finally, Bank of America lifted their price target on AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, March 7th.

AerCap Price Performance

Shares of AER stock traded down $0.38 during trading hours on Monday, reaching $102.94. The stock had a trading volume of 841,347 shares, compared to its average volume of 1,263,733. The stock's fifty day simple moving average is $99.34 and its 200 day simple moving average is $96.94. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $19.23 billion, a PE ratio of 8.16, a PEG ratio of 2.22 and a beta of 1.83. AerCap has a 12 month low of $81.93 and a 12 month high of $107.36.

Remove Ads

AerCap (NYSE:AER - Get Free Report) last posted its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, topping the consensus estimate of $2.56 by $0.75. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $1.97 billion. On average, equities research analysts predict that AerCap will post 11.29 EPS for the current year.

AerCap Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This is an increase from AerCap's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.05%. AerCap's dividend payout ratio (DPR) is presently 9.99%.

AerCap announced that its board has authorized a share repurchase plan on Wednesday, February 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 4.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

Hedge Funds Weigh In On AerCap

Hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake in shares of AerCap by 9.6% in the third quarter. Advisors Asset Management Inc. now owns 5,937 shares of the financial services provider's stock worth $562,000 after purchasing an additional 520 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of AerCap by 15.3% during the third 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 last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in AerCap by 1.7% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 170,166 shares of the financial services provider's stock valued at $16,118,000 after purchasing an additional 2,921 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in AerCap by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 230,945 shares of the financial services provider's stock worth $21,875,000 after purchasing an additional 643 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in shares of AerCap by 8.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 7,306 shares of the financial services provider's stock valued at $712,000 after buying an additional 599 shares during the period. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

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.