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

Shares of Aercap Holdings N.V. (NYSE:AER) have been given a consensus recommendation of “Moderate Buy” by the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $168.1250.

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Barclays lifted their price target on Aercap from $164.00 to $179.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Truist Financial upped their price objective on shares of Aercap from $161.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Morgan Stanley dropped their target price on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings raised Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, July 8th.

Aercap Price Performance

AER stock opened at $147.17 on Friday. The firm has a 50 day moving average of $143.15 and a 200-day moving average of $143.12. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. Aercap has a 12 month low of $105.65 and a 12 month high of $155.99. The firm has a market capitalization of $24.56 billion, a P/E ratio of 6.45, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94.

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. Aercap had a net margin of 45.22% and a return on equity of 16.01%. The business had revenue of $2.30 billion for the quarter. As a group, sell-side analysts predict that Aercap will post 17.34 earnings per share for the current fiscal year.

Aercap Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders 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 dividend yield of 1.1%. Aercap’s dividend payout ratio (DPR) is 7.01%.

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

Institutional Investors Weigh In On Aercap

A number of hedge funds and other institutional investors have recently modified their holdings of AER. Integrated Wealth Concepts LLC boosted its stake in shares of Aercap by 19.0% during the first quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 423 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Aercap by 282.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock worth $680,000 after buying an additional 4,919 shares during the period. Geneos Wealth Management Inc. boosted its position 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 acquiring an additional 94 shares in the last quarter. Invesco Ltd. grew its holdings in shares of 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 acquiring an additional 138,843 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of 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 acquiring an additional 425 shares during the period. Institutional investors own 96.42% of the company’s stock.

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.