Aercap (NYSE:AER) Sets New 52-Week High - Still a Buy?

Key Points

• Aercap Holdings N.V. reached a new 52-week high stock price of $123.76 during trading, marking a significant increase from its previous closing price of $120.50.
• Several analysts have upgraded their target price for Aercap, with Barclays raising it to $131.00 and Susquehanna to $134.00, resulting in a consensus rating of "Moderate Buy" overall.
• Aercap recently reported earnings of $2.83 per share, exceeding analysts' expectations, although its revenue of $1.89 billion fell short of forecasts, leading to a 3.6% year-over-year decline in quarterly revenue.

Aercap Holdings N.V. (NYSE:AER - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $123.76 and last traded at $123.68, with a volume of 4057197 shares traded. The stock had previously closed at $120.50.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AER. Susquehanna lifted their target price on shares of Aercap from $130.00 to $134.00 and gave the company a "positive" rating in a report on Wednesday, August 13th. Barclays lifted their price objective on shares of Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Morgan Stanley increased their target price on shares of Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $122.57.

Aercap Stock Performance

The company has a market cap of $23.09 billion, a PE ratio of 7.69, a P/E/G ratio of 2.47 and a beta of 1.45. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.44 and a current ratio of 0.44. The stock's 50-day simple moving average is $114.40 and its 200 day simple moving average is $108.32.

Aercap (NYSE:AER - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.75 by $0.08. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.03 billion. Aercap had a net margin of 36.93% and a return on equity of 13.13%. The business's revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.01 earnings per share. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. As a group, equities analysts anticipate that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 13th. Aercap's dividend payout ratio (DPR) is currently 6.72%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AER. Mather Group LLC. boosted its position in shares of Aercap by 230.1% during the 1st quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock worth $31,000 after purchasing an additional 214 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Aercap by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 452,376 shares of the financial services provider's stock valued at $46,219,000 after purchasing an additional 6,073 shares during the period. American Century Companies Inc. boosted its holdings in Aercap by 6.5% during the first quarter. American Century Companies Inc. now owns 129,341 shares of the financial services provider's stock worth $13,215,000 after buying an additional 7,896 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Aercap by 9.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,996 shares of the financial services provider's stock worth $1,123,000 after buying an additional 978 shares during the period. Finally, Bessemer Group Inc. increased its holdings in Aercap by 473.2% in the first quarter. Bessemer Group Inc. now owns 1,473 shares of the financial services provider's stock valued at $150,000 after buying an additional 1,216 shares in the last quarter. Hedge funds and other institutional investors 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.