Aercap (NYSE:AER) Given New $175.00 Price Target at Truist Financial

Aercap (NYSE:AER) had its price objective hoisted by Truist Financial from $161.00 to $175.00 in a report released on Wednesday morning, Marketbeat reports. Truist Financial currently has a buy rating on the financial services provider’s stock.

Other equities research analysts have also issued reports about the company. Weiss Ratings lowered Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. increased their price target on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Morgan Stanley dropped their price target on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. TD Cowen boosted their target price 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. Finally, Barclays lifted their target price on Aercap from $164.00 to $179.00 and gave the company an “overweight” rating in a research note on Tuesday. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.50.

Aercap Price Performance

Shares of NYSE:AER opened at $148.97 on Wednesday. Aercap has a 12 month low of $105.65 and a 12 month high of $155.99. The stock has a market cap of $24.86 billion, a price-to-earnings ratio of 6.53, a PEG ratio of 1.06 and a beta of 0.94. The stock’s 50 day moving average price is $142.56 and its 200 day moving average price is $142.97. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24.

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

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

Aercap Dividend Announcement

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 $0.40 dividend. 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 payout ratio is presently 7.01%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Arbejdsmarkedets Tillaegspension acquired a new stake in shares of Aercap in the fourth quarter valued at about $23,935,000. Convergence Investment Partners LLC acquired a new stake in shares of Aercap in the fourth quarter worth $1,520,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Aercap by 6.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 175,986 shares of the financial services provider’s stock worth $25,453,000 after acquiring an additional 10,447 shares during the period. Lombard Odier Asset Management USA Corp raised its stake in Aercap by 50.9% during the 3rd quarter. Lombard Odier Asset Management USA Corp now owns 23,717 shares of the financial services provider’s stock valued at $2,870,000 after purchasing an additional 8,003 shares during the last quarter. Finally, Pacific Capital Partners Ltd raised its stake in Aercap by 65.8% during the 4th quarter. Pacific Capital Partners Ltd now owns 32,750 shares of the financial services provider’s stock valued at $4,708,000 after purchasing an additional 13,000 shares during the last quarter. 96.42% of the stock is owned by 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.