AerCap (NYSE:AER - Free Report) had its price objective boosted by Susquehanna from $108.00 to $120.00 in a report released on Thursday morning,Benzinga reports. They currently have a positive rating on the financial services provider's stock.
AER has been the topic of several other research reports. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $119.00 price objective on shares of AerCap in a research report on Thursday, November 21st. Barclays restated an "overweight" rating and issued a $115.00 price target (up from $113.00) on shares of AerCap in a report on Thursday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, AerCap currently has a consensus rating of "Moderate Buy" and an average price target of $116.17.
Get Our Latest Stock Report on AerCap
AerCap Trading Down 2.0 %
Shares of AER stock traded down $2.03 during trading hours on Thursday, reaching $101.07. 1,705,618 shares of the stock were exchanged, compared to its average volume of 1,290,173. The firm has a market capitalization of $20.00 billion, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of 2.22 and a beta of 1.81. AerCap has a 12-month low of $76.85 and a 12-month high of $107.36. The company's 50-day moving average price is $97.37 and its 200-day moving average price is $96.10. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89.
AerCap (NYSE:AER - Get Free Report) last announced its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.75. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.97 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. As a group, equities analysts anticipate that AerCap will post 11.29 earnings per share for the current year.
AerCap Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.07%. This is a boost from AerCap's previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, March 12th. AerCap's dividend payout ratio is currently 9.99%.
AerCap declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 26th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 4.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.
Institutional Trading of AerCap
Hedge funds have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. lifted its position in shares of AerCap by 59.3% in 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 purchasing an additional 6,654 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in AerCap by 66.8% during 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 buying an additional 112,084 shares during the period. KBC Group NV boosted its position 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 acquiring an additional 55,213 shares in the last quarter. Summit Global Investments purchased a new position in shares of AerCap in the 3rd quarter valued at $667,000. Finally, Franklin Resources Inc. raised its position in shares of AerCap by 5.3% in the 3rd 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 in the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.
About AerCap
(
Get Free Report)
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.
Recommended Stories
Before you consider AerCap, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AerCap wasn't on the list.
While AerCap currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
