AerCap (NYSE:AER) Price Target Lowered to $101.00 at Morgan Stanley

AerCap (NYSE:AER - Free Report) had its target price trimmed by Morgan Stanley from $112.00 to $101.00 in a research note published on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the financial services provider's stock.

A number of other analysts have also issued reports on AER. Bank of America boosted their price target on shares of AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Susquehanna boosted their price target on shares of AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a research note on Thursday, February 27th. Barclays reiterated an "overweight" rating and issued a $115.00 price objective (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Finally, UBS Group cut AerCap to an "underperform" rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, AerCap presently has an average rating of "Moderate Buy" and an average price target of $117.14.

AerCap Trading Down 1.7 %

Shares of AerCap stock traded down $1.69 during mid-day trading on Friday, hitting $95.03. The stock had a trading volume of 2,055,162 shares, compared to its average volume of 1,389,907. The firm has a market cap of $17.75 billion, a P/E ratio of 7.53, a price-to-earnings-growth ratio of 2.22 and a beta of 1.46. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a 50-day moving average of $99.44 and a two-hundred day moving average of $97.10. 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 issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.56 by $0.75. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.97 billion. Sell-side analysts forecast that AerCap will post 11.29 earnings per share for the current year.

AerCap Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were issued a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.14%. This is a positive change from AerCap's previous quarterly dividend of $0.25. AerCap's dividend payout ratio (DPR) is currently 9.99%.

AerCap announced that its board has approved a stock buyback program on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 4.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Institutional Trading of AerCap

Hedge funds and other institutional investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. grew its holdings in AerCap by 59.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider's stock worth $1,686,000 after acquiring an additional 6,654 shares during the period. Bank of New York Mellon Corp grew its position in AerCap by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider's stock worth $42,711,000 after buying an additional 4,222 shares during the period. O Shaughnessy Asset Management LLC boosted its position in AerCap by 11.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 18,664 shares of the financial services provider's stock worth $1,786,000 after purchasing an additional 1,900 shares in the last quarter. Franklin Resources Inc. grew its stake 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 acquiring an additional 282,980 shares during the last quarter. Finally, Barclays PLC raised its position in shares of AerCap by 95.5% during the 3rd quarter. Barclays PLC now owns 91,707 shares of the financial services provider's stock worth $8,687,000 after purchasing an additional 44,797 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

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.