AerCap (NYSE:AER) Price Target Raised to $125.00

AerCap (NYSE:AER - Free Report) had its price target hoisted by TD Cowen from $105.00 to $125.00 in a research report released on Thursday morning, Benzinga reports. They currently have a buy rating on the financial services provider's stock.

A number of other research firms have also recently issued reports on AER. Barclays lifted their target price on shares of AerCap from $93.00 to $94.00 and gave the company an overweight rating in a research note on Thursday, May 2nd. Susquehanna boosted their price objective on shares of AerCap from $90.00 to $100.00 and gave the stock a positive rating in a research report on Thursday, May 2nd. BMO Capital Markets dropped their price objective on shares of AerCap from $103.00 to $101.00 and set an outperform rating for the company in a research report on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AerCap from $95.00 to $110.00 and gave the stock a buy rating in a research report on Thursday, May 9th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of $96.88.

AerCap Price Performance

Shares of NYSE:AER traded down $0.16 during trading on Thursday, reaching $91.22. The stock had a trading volume of 1,145,600 shares, compared to its average volume of 1,573,670. AerCap has a 52 week low of $56.38 and a 52 week high of $93.53. The business's 50-day moving average price is $86.86 and its 200 day moving average price is $78.39. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.26 and a quick ratio of 0.26. The stock has a market capitalization of $18.06 billion, a PE ratio of 5.95, a P/E/G ratio of 4.08 and a beta of 1.84.

AerCap (NYSE:AER - Get Free Report) last posted its earnings results on Wednesday, May 8th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.31 by $0.98. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The company had revenue of $2.02 billion during the quarter, compared to analysts' expectations of $1.95 billion. During the same quarter in the previous year, the company posted $2.34 earnings per share. AerCap's quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts predict that AerCap will post 10.26 earnings per share for the current year.

AerCap Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, May 21st. AerCap's dividend payout ratio is presently 6.51%.

Hedge Funds Weigh In On AerCap

Institutional investors and hedge funds have recently made changes to their positions in the company. Trust Co. of Vermont acquired a new position in shares of AerCap in the 4th quarter valued at $27,000. Optiver Holding B.V. acquired a new position in shares of AerCap in the 3rd quarter valued at $32,000. Assetmark Inc. acquired a new position in shares of AerCap in the 4th quarter valued at $42,000. CVA Family Office LLC acquired a new position in shares of AerCap in the 1st quarter valued at $52,000. Finally, Global Retirement Partners LLC grew its holdings in shares of AerCap by 210.3% in the 1st quarter. Global Retirement Partners LLC now owns 754 shares of the financial services provider's stock valued at $66,000 after buying an additional 511 shares during the period. Institutional investors and hedge funds own 96.42% of the company's stock.

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.