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

Aercap Holdings N.V. (NYSE:AER) has been assigned an average rating of “Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $163.1250.

AER has been the topic of several recent research reports. TD Cowen raised their price target on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $175.00 price target on Aercap and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Morgan Stanley reduced their price target on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Zacks Research upgraded shares of Aercap from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Susquehanna upped their price objective on shares of Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a research report on Thursday, April 30th.

Aercap Price Performance

Shares of NYSE:AER opened at $138.68 on Friday. The business has a 50 day moving average price of $140.37 and a 200 day moving average price of $141.37. Aercap has a twelve month low of $105.65 and a twelve month high of $154.94. The company has a market cap of $23.14 billion, a price-to-earnings ratio of 6.08, a PEG ratio of 0.98 and a beta of 0.95. 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 issued its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%.The business had revenue of $2.30 billion during the quarter. Research analysts predict that Aercap will post 17.23 earnings per share for the current year.

Aercap declared that its Board of Directors has authorized a share repurchase program on Wednesday, April 29th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Aercap Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Wednesday, May 13th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. Aercap’s payout ratio is currently 7.01%.

Institutional Investors Weigh In On Aercap

Several institutional investors have recently made changes to their positions in AER. Groupe la Francaise raised its position in Aercap by 221.4% during the first quarter. Groupe la Francaise now owns 180 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 124 shares in the last quarter. Western Wealth Management LLC acquired a new position in Aercap during the first quarter valued at approximately $60,000. EverSource Wealth Advisors LLC raised its position in Aercap by 61.6% during the first quarter. EverSource Wealth Advisors LLC now owns 2,313 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 882 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Aercap by 66.6% during the first quarter. Empowered Funds LLC now owns 144,721 shares of the financial services provider’s stock worth $19,853,000 after buying an additional 57,840 shares in the last quarter. Finally, Engle Capital Management L.P. increased its holdings in shares of Aercap by 36.7% during the first quarter. Engle Capital Management L.P. now owns 164,000 shares of the financial services provider’s stock worth $22,498,000 after buying an additional 44,000 shares in the last quarter. 96.42% of the stock is currently 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.