AerCap’s (AER) Buy Rating Reaffirmed at The Goldman Sachs Group

The Goldman Sachs Group reaffirmed their buy rating on shares of AerCap (NYSE:AER) in a report published on Thursday morning, Marketbeat.com reports. They currently have a $119.00 price objective on the financial services provider’s stock.

AER has been the topic of a number of other research reports. Barclays upped their target price on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Susquehanna boosted their price target on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a report on Friday, August 2nd. Finally, TD Cowen restated a “buy” rating and set a $125.00 price objective on shares of AerCap in a research note on Monday, July 29th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

AerCap Price Performance

Shares of NYSE AER opened at $98.03 on Thursday. The business has a 50 day moving average price of $95.62 and a two-hundred day moving average price of $93.73. AerCap has a fifty-two week low of $66.34 and a fifty-two week high of $99.68. The firm has a market cap of $19.40 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 2.20 and a beta of 1.83. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89.

AerCap (NYSE:AER) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.41. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.81 earnings per share. Sell-side analysts expect that AerCap will post 11.26 earnings per share for the current fiscal year.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. AerCap’s dividend payout ratio is currently 7.92%.

Institutional Investors Weigh In On AerCap

Several large investors have recently added to or reduced their stakes in the stock. Darsana Capital Partners LP bought a new position in shares of AerCap during the third quarter worth about $94,720,000. TOMS Capital Investment Management LP acquired a new position in AerCap during the 3rd quarter valued at about $60,526,000. Assenagon Asset Management S.A. grew its position in AerCap by 176.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 753,267 shares of the financial services provider’s stock worth $71,349,000 after purchasing an additional 480,551 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of AerCap by 182.3% in the second quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider’s stock valued at $61,846,000 after purchasing an additional 428,487 shares during the period. Finally, Wedge Capital Management L L P NC raised its holdings in shares of AerCap by 3,568.6% during the third quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider’s stock valued at $40,517,000 after buying an additional 416,096 shares during the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

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.