Brokerages Set Aercap Holdings N.V. (NYSE:AER) PT at $163.13

Aercap Holdings N.V. (NYSE:AER) has received a consensus recommendation of “Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $163.1250.

A number of research analysts have recently commented on AER shares. TD Cowen upped their price objective on shares of Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Susquehanna upped their price objective on shares of Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a research note on Thursday, April 30th. Morgan Stanley dropped their price objective on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Barclays increased their target price on shares of Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th.

Institutional Trading of Aercap

A number of institutional investors and hedge funds have recently bought and sold shares of AER. Arbejdsmarkedets Tillaegspension acquired a new stake in Aercap during the 4th quarter worth about $23,935,000. Citigroup Inc. boosted its position in Aercap by 12.7% during the 3rd quarter. Citigroup Inc. now owns 176,919 shares of the financial services provider’s stock worth $21,407,000 after acquiring an additional 19,975 shares during the period. ARGA Investment Management LP boosted its position in Aercap by 210.8% during the 3rd quarter. ARGA Investment Management LP now owns 31,140 shares of the financial services provider’s stock worth $3,768,000 after acquiring an additional 21,120 shares during the period. Alberta Investment Management Corp boosted its position in Aercap by 142.4% during the 3rd quarter. Alberta Investment Management Corp now owns 38,300 shares of the financial services provider’s stock worth $4,634,000 after acquiring an additional 22,500 shares during the period. Finally, Todd Asset Management LLC boosted its position in Aercap by 1.5% during the 3rd quarter. Todd Asset Management LLC now owns 533,961 shares of the financial services provider’s stock worth $64,610,000 after acquiring an additional 7,813 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

Aercap Trading Up 1.3%

NYSE AER opened at $141.98 on Friday. Aercap has a 12 month low of $105.65 and a 12 month high of $154.94. The company has a 50-day moving average of $140.77 and a 200-day moving average of $141.61. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market cap of $23.69 billion, a P/E ratio of 6.22, a P/E/G ratio of 0.98 and a beta of 0.95.

Aercap (NYSE:AER) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. The company had revenue of $2.30 billion during the quarter. As a group, equities analysts predict that Aercap will post 17.23 earnings per share for the current year.

Aercap Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Wednesday, May 13th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, May 13th. Aercap’s dividend payout ratio is 7.01%.

Aercap announced that its board has initiated a share buyback program on Wednesday, April 29th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

About Aercap

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.