AerCap Holdings N.V. (NYSE:AER) Stock Has Consensus Price Target of $185.88 According to Brokerages

Key Points

• Analysts are broadly bullish on AerCap: seven of ten covering analysts rate it Buy and two rate it Strong Buy, with an average 12-month price target of $185.88.
• AerCap reported quarterly EPS of $6.56, beating the $4.56 consensus estimate, while revenue of $2.42 billion also exceeded expectations and increased 4.6% year over year.
• The company declared a quarterly dividend of $0.40 per share, equivalent to $1.60 annually and a 0.9% yield.

AerCap Holdings N.V. (NYSE:AER - Get Free Report) has earned an average rating of "Buy" from the ten analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $185.88.

AER has been the subject of several research reports. Truist Financial raised their price objective on shares of AerCap from $180.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, October 29th. JPMorgan Chase & Co. upped their target price on shares of AerCap from $183.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, October 29th. Barclays increased their price target on shares of AerCap from $179.00 to $181.00 and gave the company an "overweight" rating in a research note on Thursday, October 29th. Weiss Ratings raised shares of AerCap from a "buy (a-)" rating to a "buy (a)" rating in a research note on Friday, October 30th. Finally, Deutsche Bank reissued a "buy" rating and issued a $190.00 price target on shares of AerCap in a report on Thursday, July 30th.

AerCap Price Performance

Shares of NYSE:AER traded down $0.45 during midday trading on Friday, reaching $175.54. The company's stock had a trading volume of 978,790 shares, compared to its average volume of 1,347,594. AerCap has a fifty-two week low of $129.85 and a fifty-two week high of $183.22. The company has a market capitalization of $29.29 billion, a P/E ratio of 9.00, a P/E/G ratio of 0.60 and a beta of 0.99. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.41 and a quick ratio of 0.41. The business's fifty day simple moving average is $150.51 and its 200-day simple moving average is $145.97.

AerCap (NYSE:AER - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $6.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.56 by $2.00. The business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.15 billion. AerCap had a return on equity of 18.26% and a net margin of 34.47%. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $4.97 earnings per share. As a group, equities research analysts expect that AerCap will post 22.30 EPS for the current fiscal year.

AerCap Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Wednesday, November 11th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, November 10th. AerCap's dividend payout ratio (DPR) is presently 8.20%.

Institutional Investors Weigh In On AerCap

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Thoroughbred Financial Services LLC lifted its holdings in AerCap by 1.9% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 3,150 shares of the financial services provider's stock worth $452,000 after purchasing an additional 60 shares during the last quarter. Williams & Novak LLC boosted its stake in AerCap by 4.6% in the 2nd quarter. Williams & Novak LLC now owns 1,531 shares of the financial services provider's stock valued at $223,000 after purchasing an additional 68 shares during the period. Parallel Advisors LLC grew its holdings in AerCap by 7.1% in the 1st quarter. Parallel Advisors LLC now owns 1,110 shares of the financial services provider's stock valued at $152,000 after buying an additional 74 shares in the last quarter. Contravisory Investment Management Inc. grew its holdings in AerCap by 4.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 1,968 shares of the financial services provider's stock valued at $287,000 after buying an additional 79 shares in the last quarter. Finally, Integrated Advisors Network LLC grew its holdings in AerCap by 1.5% in the 3rd quarter. Integrated Advisors Network LLC now owns 5,567 shares of the financial services provider's stock valued at $799,000 after buying an additional 81 shares in the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

About AerCap

AerCap Holdings N.V. is a global aviation leasing company headquartered in Dublin, Ireland, and listed on the New York Stock Exchange under the symbol AER. Through its subsidiaries, AerCap owns, manages and leases commercial aircraft, engines and helicopters to airlines and other aviation customers worldwide. The company provides operating leases, finance leases, aircraft trading and asset management services. Its fleet portfolio includes aircraft from major manufacturers such as Airbus and Boeing, as well as engines and helicopters.

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