Morgan Stanley Raises Aercap (NYSE:AER) Price Target to $120.00

Aercap (NYSE:AER - Free Report) had its price objective increased by Morgan Stanley from $111.00 to $120.00 in a report released on Thursday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the financial services provider's stock.

A number of other analysts also recently commented on the company. Susquehanna raised their price objective on Aercap from $120.00 to $130.00 and gave the stock a "positive" rating in a research report on Tuesday, May 13th. Barclays raised their target price on Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $122.38.

Aercap Stock Performance

Shares of NYSE AER traded down $1.67 during trading hours on Thursday, hitting $112.13. 1,133,300 shares of the stock were exchanged, compared to its average volume of 1,339,525. Aercap has a one year low of $82.21 and a one year high of $118.07. The company's 50 day moving average is $114.69 and its 200 day moving average is $104.45. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a market capitalization of $20.94 billion, a P/E ratio of 9.95, a P/E/G ratio of 2.36 and a beta of 1.38.

Aercap (NYSE:AER - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.99. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.01 billion. Aercap had a net margin of 26.53% and a return on equity of 13.84%. The business's revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.29 EPS. On average, research analysts expect that Aercap will post 11.29 EPS for the current year.

Aercap Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.96%. Aercap's dividend payout ratio is presently 9.58%.

Institutional Investors Weigh In On Aercap

A number of hedge funds have recently made changes to their positions in the company. 59 North Capital Management LP grew its stake in Aercap by 40.6% during the first quarter. 59 North Capital Management LP now owns 5,209,534 shares of the financial services provider's stock worth $532,258,000 after buying an additional 1,504,620 shares during the last quarter. Lyrical Asset Management LP grew its position in Aercap by 1.3% during the 4th quarter. Lyrical Asset Management LP now owns 3,097,840 shares of the financial services provider's stock worth $296,463,000 after acquiring an additional 38,264 shares during the last quarter. Ninety One UK Ltd increased its holdings in Aercap by 44.8% during the 2nd quarter. Ninety One UK Ltd now owns 2,794,925 shares of the financial services provider's stock valued at $327,006,000 after purchasing an additional 864,348 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Aercap by 22.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,608,099 shares of the financial services provider's stock valued at $249,595,000 after purchasing an additional 485,999 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Aercap by 43.7% in the first quarter. JPMorgan Chase & Co. now owns 2,298,552 shares of the financial services provider's stock worth $234,843,000 after purchasing an additional 699,520 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

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.