AerCap (NYSE:AER) Price Target Raised to $115.00

AerCap (NYSE:AER) had its target price increased by Deutsche Bank Aktiengesellschaft from $110.00 to $115.00 in a report issued on Tuesday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also issued reports on AER. Susquehanna boosted their price target on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a report on Friday, August 2nd. TD Cowen reaffirmed a “buy” rating and issued a $125.00 target price on shares of AerCap in a research report on Monday, July 29th. Finally, Barclays increased their price objective on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, AerCap currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.43.

AerCap Price Performance

NYSE:AER opened at $95.42 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 2.69. The business’s 50-day moving average price is $94.79 and its 200 day moving average price is $92.22. AerCap has a 52-week low of $58.46 and a 52-week high of $99.30. The firm has a market cap of $18.89 billion, a P/E ratio of 6.21, a PEG ratio of 2.13 and a beta of 1.83.

AerCap (NYSE:AER) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.60. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.89 billion. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.56 earnings per share. As a group, sell-side analysts predict that AerCap will post 11.33 earnings per share for the current fiscal year.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Wednesday, August 14th. AerCap’s payout ratio is 6.51%.

Hedge Funds Weigh In On AerCap

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of AerCap by 19.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,949 shares of the financial services provider’s stock valued at $9,643,000 after buying an additional 17,750 shares during the period. Janus Henderson Group PLC increased its position in AerCap by 31.1% in the first quarter. Janus Henderson Group PLC now owns 142,539 shares of the financial services provider’s stock worth $12,382,000 after purchasing an additional 33,852 shares during the period. Mizuho Markets Americas LLC raised its holdings in AerCap by 15.8% during the 1st quarter. Mizuho Markets Americas LLC now owns 136,750 shares of the financial services provider’s stock worth $11,885,000 after purchasing an additional 18,700 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in AerCap by 2.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,077 shares of the financial services provider’s stock valued at $1,807,000 after purchasing an additional 451 shares during the period. Finally, O Shaughnessy Asset Management LLC acquired a new position in AerCap during the 1st quarter valued at about $714,000. 96.42% of the stock is currently owned by institutional investors and hedge funds.

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.