AerCap Holdings (NYSE:AER) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

AerCap Holdings (NYSE:AER - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $119.25.

Several brokerages have recently issued reports on AER. JPMorgan Chase & Co. raised their target price on AerCap from $112.00 to $114.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Susquehanna boosted their target price on shares of AerCap from $120.00 to $130.00 and gave the company a "positive" rating in a research note on Tuesday. Barclays restated an "overweight" rating and set a $115.00 price target (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Morgan Stanley upped their price objective on AerCap from $101.00 to $111.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Finally, Bank of America increased their price objective on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, March 7th.

AerCap Stock Down 0.3%

AER stock traded down $0.35 during trading on Tuesday, reaching $113.24. The stock had a trading volume of 1,696,339 shares, compared to its average volume of 1,389,151. AerCap has a one year low of $82.21 and a one year high of $116.21. The company's 50 day moving average is $101.24 and its two-hundred day moving average is $98.51. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The company has a market capitalization of $21.15 billion, a price-to-earnings ratio of 8.97, a P/E/G ratio of 2.22 and a beta of 1.41.

AerCap (NYSE:AER - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 EPS for the quarter, beating analysts' consensus estimates of $2.69 by $0.99. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.01 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. AerCap's revenue was up 2.9% on a year-over-year basis. During the same period last year, the business posted $3.29 earnings per share. Equities research analysts forecast that AerCap will post 11.29 EPS for the current year.

AerCap Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a yield of 0.95%. AerCap's payout ratio is 9.58%.

AerCap declared that its board has approved a share buyback program on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On AerCap

Several hedge funds have recently made changes to their positions in AER. Bank of New York Mellon Corp grew its holdings in AerCap by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider's stock valued at $42,711,000 after buying an additional 4,222 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in AerCap by 11.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 18,664 shares of the financial services provider's stock worth $1,786,000 after acquiring an additional 1,900 shares during the period. Barclays PLC lifted its stake in AerCap by 95.5% in the 3rd quarter. Barclays PLC now owns 91,707 shares of the financial services provider's stock worth $8,687,000 after purchasing an additional 44,797 shares in the last quarter. Lyrical Asset Management LP boosted its holdings in AerCap by 1.3% in the 4th quarter. Lyrical Asset Management LP now owns 3,097,840 shares of the financial services provider's stock valued at $296,463,000 after purchasing an additional 38,264 shares during the period. Finally, Transform Wealth LLC grew its position in shares of AerCap by 13.0% during the 4th quarter. Transform Wealth LLC now owns 127,208 shares of the financial services provider's stock valued at $12,174,000 after purchasing an additional 14,619 shares in the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Company Profile

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.