AerCap (NYSE:AER) Stock Moved Up to Strong-Buy by Zacks Research

Zacks Research upgraded shares of AerCap (NYSE:AER) from a hold rating to a strong-buy rating in a report issued on Monday morning,Zacks reports.

Other analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $190.00 price target on shares of AerCap in a report on Thursday, July 30th. Truist Financial lifted their price target on AerCap from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. JPMorgan Chase & Co. boosted their price objective on AerCap from $183.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, October 29th. TD Cowen upped their price objective on shares of AerCap from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Finally, Weiss Ratings raised shares of AerCap from a “buy (a-)” rating to a “buy (a)” rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $185.88.

AerCap Trading Down 0.7%

AerCap stock opened at $162.26 on Monday. The stock has a market cap of $27.08 billion, a P/E ratio of 8.32, a PEG ratio of 0.57 and a beta of 0.99. AerCap has a fifty-two week low of $129.69 and a fifty-two week high of $165.19. The firm’s fifty day moving average price is $146.35 and its 200-day moving average price is $144.80. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.41 and a current ratio of 0.41.

AerCap (NYSE:AER) last posted its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $2.00. AerCap had a return on equity of 18.26% and a net margin of 34.47%. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter last year, the company earned $4.97 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. Equities research analysts forecast that AerCap will post 21.47 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Wednesday, November 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, November 10th. AerCap’s dividend payout ratio is currently 8.20%.

Institutional Investors Weigh In On AerCap

A number of large investors have recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. purchased a new stake in AerCap in the second quarter worth about $424,585,000. Ninety One UK Ltd lifted its position in AerCap by 12.0% during the 3rd quarter. Ninety One UK Ltd now owns 2,275,507 shares of the financial services provider’s stock valued at $326,581,000 after acquiring an additional 243,488 shares during the period. KBC Group NV grew its holdings in AerCap by 1.2% in the first quarter. KBC Group NV now owns 982,037 shares of the financial services provider’s stock worth $134,715,000 after purchasing an additional 11,916 shares during the period. Sei Investments Co. boosted its position in shares of AerCap by 23.2% in the 1st quarter. Sei Investments Co. now owns 769,611 shares of the financial services provider’s stock worth $105,575,000 after purchasing an additional 144,857 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of AerCap by 20.4% in the 1st quarter. Swiss National Bank now owns 579,800 shares of the financial services provider’s stock worth $79,537,000 after purchasing an additional 98,200 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

About AerCap

AerCap Holdings N.V. is a global aviation leasing company headquartered in Dublin, Ireland, and listed on the New York Stock Exchange under the symbol AER. Through its subsidiaries, AerCap owns, manages and leases commercial aircraft, engines and helicopters to airlines and other aviation customers worldwide.

The company provides operating leases, finance leases, aircraft trading and asset management services. Its fleet portfolio includes aircraft from major manufacturers such as Airbus and Boeing, as well as engines and helicopters.