AerCap Holdings (NYSE:AER) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of AerCap Holdings (NYSE:AER) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $110.83.

Several analysts recently issued reports on AER shares. Susquehanna lifted their target price on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. TD Cowen reissued a “buy” rating and issued a $125.00 target price on shares of AerCap in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised their target price on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Barclays boosted their price target on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd.

Hedge Funds Weigh In On AerCap

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp lifted its holdings in shares of AerCap by 8.3% in the 3rd quarter. State Street Corp now owns 4,862,517 shares of the financial services provider’s stock valued at $460,579,000 after acquiring an additional 370,906 shares during the last quarter. Donald Smith & CO. Inc. raised its position in AerCap by 0.3% during the first quarter. Donald Smith & CO. Inc. now owns 4,080,070 shares of the financial services provider’s stock valued at $354,599,000 after purchasing an additional 10,670 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of AerCap by 12.6% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,860,757 shares of the financial services provider’s stock valued at $173,423,000 after purchasing an additional 208,407 shares during the last quarter. FMR LLC boosted its holdings in shares of AerCap by 1.3% in the 3rd quarter. FMR LLC now owns 1,737,476 shares of the financial services provider’s stock worth $164,574,000 after purchasing an additional 22,346 shares during the period. Finally, Soros Fund Management LLC increased its position in shares of AerCap by 2.1% during the 3rd quarter. Soros Fund Management LLC now owns 1,589,896 shares of the financial services provider’s stock valued at $150,595,000 after purchasing an additional 32,911 shares during the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

AerCap Stock Performance

AER opened at $95.73 on Wednesday. The company has a 50 day simple moving average of $95.37 and a two-hundred day simple moving average of $93.62. 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 cap of $18.95 billion, a P/E ratio of 7.59, a PEG ratio of 2.15 and a beta of 1.83. AerCap has a 1-year low of $66.34 and a 1-year high of $99.68.

AerCap (NYSE:AER) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting the consensus estimate of $2.41. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. AerCap’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.81 EPS. Equities analysts forecast that AerCap will post 11.26 earnings per share for the current fiscal year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s dividend payout ratio is presently 7.92%.

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.