AerCap (NYSE:AER) Sets New 12-Month High - Should You Buy?

Key Points

• AerCap shares reached a new 52-week high of $176.84. Analysts’ consensus rating is “Buy,” with an average price target of $185.88.
• The company reported quarterly earnings of $6.56 per share, beating estimates of $4.56, while revenue of $2.42 billion exceeded expectations and rose 4.6% year over year.
• AerCap announced a quarterly dividend of $0.40 per share, equivalent to $1.60 annually and a yield of about 0.9%.

AerCap Holdings N.V. (NYSE:AER - Get Free Report) shares hit a new 52-week high during trading on Wednesday. The company traded as high as $176.84 and last traded at $176.1450, with a volume of 545 shares changing hands. The stock had previously closed at $175.85.

Analysts Set New Price Targets

AER has been the topic of a number of research reports. TD Cowen upped their price target on AerCap from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Thursday, October 29th. Morgan Stanley upped their price objective on shares of AerCap from $165.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 29th. Weiss Ratings raised AerCap from a "buy (a-)" rating to a "buy (a)" rating in a research report on Friday, October 30th. Citigroup lifted their price target on shares of AerCap from $178.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, October 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $190.00 price objective on shares of AerCap in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, AerCap currently has an average rating of "Buy" and a consensus price target of $185.88.

AerCap Trading Up 0.3%

The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a 50-day moving average of $148.65 and a 200-day moving average of $145.49. The firm has a market capitalization of $29.44 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 0.59 and a beta of 0.99.

AerCap (NYSE:AER - Get Free Report) last posted its earnings results on Wednesday, October 28th. The financial services provider reported $6.56 earnings per share for the quarter, topping analysts' consensus estimates of $4.56 by $2.00. AerCap had a return on equity of 18.26% and a net margin of 34.47%. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the prior year, the business earned $4.97 EPS. The business's revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities research analysts anticipate that AerCap Holdings N.V. will post 22.30 EPS for the current fiscal year.

AerCap Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Wednesday, November 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, November 10th. AerCap's dividend payout ratio is currently 8.20%.

Institutional Trading of AerCap

Institutional investors have recently made changes to their positions in the business. Groupe la Francaise increased its holdings in shares of AerCap by 221.4% in the 1st quarter. Groupe la Francaise now owns 180 shares of the financial services provider's stock worth $25,000 after buying an additional 124 shares during the last quarter. Livelsberger Financial Advisory bought a new position in AerCap in the 3rd quarter worth about $27,000. Signature Equity Partners LLC increased its holdings in AerCap by 68.0% during the 3rd quarter. Signature Equity Partners LLC now owns 210 shares of the financial services provider's stock worth $30,000 after purchasing an additional 85 shares during the period. First Command Advisory Services Inc. increased its stake in shares of AerCap by 1,122.2% during the third quarter. First Command Advisory Services Inc. now owns 220 shares of the financial services provider's stock valued at $32,000 after buying an additional 202 shares during the period. Finally, Trust Co. of Vermont bought a new stake in shares of AerCap in the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 96.42% of the company's stock.

AerCap Company Profile

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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