AerCap Holdings (NYSE:AER) Given Average Rating of "Moderate Buy" by Brokerages

AerCap Holdings (NYSE:AER - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $116.17.

AER has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a "buy" rating and set a $119.00 price target on shares of AerCap in a research note on Thursday, November 21st. Susquehanna lifted their target price on AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a report on Thursday. Finally, Barclays restated an "overweight" rating and set a $115.00 price objective (up previously from $113.00) on shares of AerCap in a research report on Thursday.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its stake in shares of AerCap by 5.3% in the third quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock worth $545,726,000 after acquiring an additional 282,980 shares during the last quarter. State Street Corp lifted its position in shares of AerCap by 8.3% in the third quarter. State Street Corp now owns 4,862,517 shares of the financial services provider's stock worth $460,579,000 after buying an additional 370,906 shares during the last quarter. 59 North Capital Management LP boosted its stake in shares of AerCap by 17.0% during the 4th quarter. 59 North Capital Management LP now owns 3,704,914 shares of the financial services provider's stock worth $354,560,000 after acquiring an additional 538,703 shares in the last quarter. Donald Smith & CO. Inc. boosted its stake in shares of AerCap by 0.7% during the 3rd quarter. Donald Smith & CO. Inc. now owns 3,525,307 shares of the financial services provider's stock worth $333,917,000 after acquiring an additional 23,994 shares in the last quarter. Finally, Lyrical Asset Management LP increased its holdings in shares of AerCap by 1.3% during the 4th quarter. Lyrical Asset Management LP now owns 3,097,840 shares of the financial services provider's stock valued at $296,463,000 after acquiring an additional 38,264 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

Remove Ads

AerCap Stock Performance

Shares of AER traded down $2.03 during trading hours on Thursday, reaching $101.07. 1,615,680 shares of the company's stock traded hands, compared to its average volume of 1,287,913. AerCap has a twelve month low of $76.85 and a twelve month high of $107.36. The business's fifty day simple moving average is $97.37 and its two-hundred day simple moving average is $96.10. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $20.00 billion, a price-to-earnings ratio of 8.01, a P/E/G ratio of 2.22 and a beta of 1.81.

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

AerCap Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, March 12th. This is an increase from AerCap's previous quarterly dividend of $0.25. AerCap's dividend payout ratio is 9.99%.

AerCap declared that its board has authorized a stock buyback plan on Wednesday, February 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 4.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

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.