AerCap (NYSE:AER) Hits New 12-Month High - Here's Why

AerCap Holdings (NYSE:AER - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $102.52 and last traded at $102.51, with a volume of 195538 shares changing hands. The stock had previously closed at $100.70.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $119.00 price target on shares of AerCap in a report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $112.00.

AerCap Price Performance

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 stock has a market capitalization of $20.64 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 2.30 and a beta of 1.81. The stock has a 50-day simple moving average of $96.47 and a 200 day simple moving average of $95.56.

Institutional Investors Weigh In On AerCap

Several institutional investors and hedge funds have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. boosted its holdings in shares of AerCap by 59.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider's stock worth $1,686,000 after buying an additional 6,654 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of AerCap by 66.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 279,803 shares of the financial services provider's stock worth $26,503,000 after purchasing an additional 112,084 shares during the period. KBC Group NV boosted its stake in AerCap by 18.7% during the 3rd quarter. KBC Group NV now owns 350,888 shares of the financial services provider's stock valued at $33,236,000 after purchasing an additional 55,213 shares during the period. Summit Global Investments bought a new stake in AerCap during the 3rd quarter valued at approximately $667,000. Finally, Franklin Resources Inc. grew its holdings in AerCap by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock valued at $545,726,000 after buying an additional 282,980 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

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.