Aercap Holdings N.V. (NYSE:AER) Given Average Recommendation of “Buy” by Brokerages

Aercap Holdings N.V. (NYSE:AER) has received a consensus recommendation of “Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $163.1250.

AER has been the topic of a number of recent analyst reports. Morgan Stanley decreased their target price on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Weiss Ratings raised Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 4th. TD Cowen boosted their target price on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Truist Financial boosted their target price on Aercap from $159.00 to $161.00 and gave the stock a “buy” rating in a report on Thursday, April 30th.

Institutional Investors Weigh In On Aercap

Several large investors have recently added to or reduced their stakes in AER. Arkadios Wealth Advisors raised its position in shares of Aercap by 2.7% during the fourth quarter. Arkadios Wealth Advisors now owns 2,525 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 67 shares during the period. Wedmont Private Capital raised its position in Aercap by 3.9% during the fourth quarter. Wedmont Private Capital now owns 1,979 shares of the financial services provider’s stock valued at $290,000 after buying an additional 74 shares during the period. Parallel Advisors LLC raised its position in Aercap by 7.1% during the first quarter. Parallel Advisors LLC now owns 1,110 shares of the financial services provider’s stock valued at $152,000 after buying an additional 74 shares during the period. Argentarii LLC raised its position in Aercap by 2.8% during the fourth quarter. Argentarii LLC now owns 2,793 shares of the financial services provider’s stock valued at $402,000 after buying an additional 77 shares during the period. Finally, Savant Capital LLC raised its position in Aercap by 2.4% during the third quarter. Savant Capital LLC now owns 3,417 shares of the financial services provider’s stock valued at $413,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

Aercap Stock Performance

Shares of NYSE AER opened at $138.68 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. The business’s 50 day moving average is $140.37 and its two-hundred day moving average is $141.37. The company has a market cap of $23.14 billion, a P/E ratio of 6.08, a P/E/G ratio of 0.98 and a beta of 0.95. Aercap has a 12 month low of $105.65 and a 12 month high of $154.94.

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

Aercap declared that its board has approved a stock repurchase plan on Wednesday, April 29th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Aercap Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, May 13th. Aercap’s dividend payout ratio is currently 7.01%.

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.