Aercap Holdings N.V. (NYSE:AER) Receives Average Rating of “Moderate Buy” from Brokerages

Aercap Holdings N.V. (NYSE:AER) has been assigned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $168.1250.

A number of equities research analysts have recently issued reports on AER shares. Weiss Ratings upgraded Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, July 8th. TD Cowen boosted their price target on Aercap from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays increased their price objective on shares of Aercap from $164.00 to $179.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Truist Financial lifted their price objective on shares of Aercap from $161.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th.

Aercap Price Performance

Aercap stock opened at $146.94 on Friday. Aercap has a 52-week low of $105.65 and a 52-week high of $155.99. The firm has a fifty day moving average of $143.08 and a 200-day moving average of $143.15. The firm has a market capitalization of $24.52 billion, a P/E ratio of 6.44, a PEG ratio of 1.02 and a beta of 0.94. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34.

Aercap (NYSE:AER) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. The business had revenue of $2.30 billion for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. As a group, analysts predict that Aercap will post 17.39 EPS for the current year.

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

Aercap Announces Dividend

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

Hedge Funds Weigh In On Aercap

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AER. Integrated Wealth Concepts LLC lifted its stake in shares of Aercap by 19.0% in the first quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 423 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Aercap by 282.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock valued at $680,000 after purchasing an additional 4,919 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Aercap by 26.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 94 shares in the last quarter. Invesco Ltd. increased its holdings in Aercap by 43.3% during the 2nd quarter. Invesco Ltd. now owns 459,459 shares of the financial services provider’s stock worth $53,757,000 after purchasing an additional 138,843 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Aercap by 59.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,143 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 425 shares during the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

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.