AerCap Holdings (NYSE:AER) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of AerCap Holdings (NYSE:AER) have been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $112.00.

AER has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 target price on shares of AerCap in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd.

AerCap Stock Performance

AER opened at $95.70 on Thursday. The firm’s fifty day simple moving average is $96.12 and its two-hundred day simple moving average is $94.76. AerCap has a 52-week low of $70.48 and a 52-week high of $100.81. The company has a market cap of $18.94 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 2.17 and a beta of 1.82. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89.

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

AerCap Announces Dividend

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

Hedge Funds Weigh In On AerCap

Hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC boosted its holdings in AerCap by 319.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 34,132 shares of the financial services provider’s stock valued at $3,181,000 after acquiring an additional 25,995 shares during the period. Ritholtz Wealth Management increased its holdings in AerCap by 55.9% during the 2nd quarter. Ritholtz Wealth Management now owns 5,817 shares of the financial services provider’s stock worth $542,000 after purchasing an additional 2,086 shares during the period. Natixis Advisors LLC boosted its stake in shares of AerCap by 32.5% in the 2nd quarter. Natixis Advisors LLC now owns 188,152 shares of the financial services provider’s stock valued at $17,536,000 after buying an additional 46,138 shares during the period. CIBC Asset Management Inc grew its position in shares of AerCap by 5.6% during the second quarter. CIBC Asset Management Inc now owns 19,221 shares of the financial services provider’s stock worth $1,791,000 after buying an additional 1,026 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of AerCap by 1.8% during the second quarter. Rhumbline Advisers now owns 54,310 shares of the financial services provider’s stock worth $5,062,000 after buying an additional 950 shares during the period. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

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.