Aercap (NYSE:AER) Sets New 12-Month High on Analyst Upgrade

Shares of Aercap Holdings N.V. (NYSE:AER) reached a new 52-week high on Tuesday after Bank of America raised their price target on the stock from $130.00 to $150.00. Bank of America currently has a buy rating on the stock. Aercap traded as high as $131.98 and last traded at $131.9780, with a volume of 119244 shares trading hands. The stock had previously closed at $131.00.

A number of other analysts have also weighed in on the stock. Susquehanna upped their price objective on shares of Aercap from $130.00 to $134.00 and gave the stock a “positive” rating in a research note on Wednesday, August 13th. Cowen reaffirmed a “buy” rating on shares of Aercap in a research note on Thursday, October 30th. TD Cowen upped their price objective on shares of Aercap from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Zacks Research raised shares of Aercap from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, Barclays increased their price target on shares of Aercap from $132.00 to $144.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.00.

Institutional Investors Weigh In On Aercap

Institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. purchased a new stake in Aercap in the 3rd quarter worth $26,000. Quarry LP purchased a new stake in Aercap in the 1st quarter worth $37,000. Caitong International Asset Management Co. Ltd purchased a new stake in Aercap in the 2nd quarter worth $43,000. Geneos Wealth Management Inc. increased its holdings in Aercap by 26.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 94 shares in the last quarter. Finally, Whittier Trust Co. purchased a new stake in Aercap in the 2nd quarter worth $53,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Aercap Stock Performance

The company has a market cap of $24.71 billion, a PE ratio of 6.27, a price-to-earnings-growth ratio of 2.50 and a beta of 1.40. The firm’s fifty day moving average is $123.22 and its 200 day moving average is $116.31. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.57.

Aercap (NYSE:AER) last announced its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $4.97 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $1.81. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2 billion. Aercap had a return on equity of 15.31% and a net margin of 45.41%.The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.41 EPS. Aercap has set its FY 2025 guidance at 13.700-13.700 EPS. As a group, research analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Wednesday, November 12th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 12th. Aercap’s payout ratio is currently 5.12%.

About Aercap

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.