AerCap (NYSE:AER) PT Raised to $115.00

AerCap (NYSE:AER) had its target price hoisted by Deutsche Bank Aktiengesellschaft from $110.00 to $115.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other brokerages have also recently commented on AER. Susquehanna upped their target price on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a report on Friday, August 2nd. TD Cowen reissued a “buy” rating and set a $125.00 target price on shares of AerCap in a research note on Monday, July 29th. Finally, Barclays increased their price target on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, AerCap presently has an average rating of “Moderate Buy” and a consensus price target of $106.43.

AerCap Price Performance

Shares of NYSE:AER opened at $96.26 on Tuesday. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29. AerCap has a 52 week low of $57.84 and a 52 week high of $99.30. The firm has a market cap of $19.05 billion, a PE ratio of 6.26, a price-to-earnings-growth ratio of 2.13 and a beta of 1.83. The firm’s fifty day moving average is $94.67 and its 200-day moving average is $92.11.

AerCap (NYSE:AER) last announced its earnings results on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, topping the consensus estimate of $2.41 by $0.60. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.89 billion. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.56 EPS. Sell-side analysts predict that AerCap will post 11.33 earnings per share for the current year.

AerCap Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Wednesday, August 14th. AerCap’s dividend payout ratio (DPR) is currently 6.51%.

Institutional Trading of AerCap

Several large investors have recently made changes to their positions in AER. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in AerCap by 19.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,949 shares of the financial services provider’s stock worth $9,643,000 after acquiring an additional 17,750 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of AerCap by 31.1% in the 1st quarter. Janus Henderson Group PLC now owns 142,539 shares of the financial services provider’s stock worth $12,382,000 after purchasing an additional 33,852 shares in the last quarter. Mizuho Markets Americas LLC grew its position in AerCap by 15.8% in the 1st quarter. Mizuho Markets Americas LLC now owns 136,750 shares of the financial services provider’s stock valued at $11,885,000 after purchasing an additional 18,700 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in AerCap by 2.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,077 shares of the financial services provider’s stock valued at $1,807,000 after purchasing an additional 451 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in AerCap during the first quarter worth $714,000. 96.42% of the stock is currently 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.