AerCap Holdings (NYSE:AER) Receives $112.00 Average Price Target from Analysts

Shares of AerCap Holdings (NYSE:AER) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $112.00.

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 price target on shares of AerCap in a research report on Thursday, November 21st.

AerCap Price Performance

Shares of AER opened at $95.93 on Thursday. 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 has a fifty-two week low of $70.91 and a fifty-two week high of $100.81. The company has a market cap of $18.99 billion, a P/E ratio of 7.60, a PEG ratio of 2.17 and a beta of 1.82. The firm’s 50 day moving average price is $96.15 and its 200 day moving average price is $94.82.

AerCap (NYSE:AER) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.41. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the company earned $2.81 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. On average, research analysts forecast that AerCap will post 11.26 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Wednesday, November 13th. AerCap’s dividend payout ratio is presently 7.92%.

Hedge Funds Weigh In On AerCap

Institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in shares of AerCap by 5.3% in the third quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider’s stock valued at $545,726,000 after buying an additional 282,980 shares in the last quarter. State Street Corp boosted its position in shares of AerCap by 8.3% during the 3rd quarter. State Street Corp now owns 4,862,517 shares of the financial services provider’s stock worth $460,579,000 after purchasing an additional 370,906 shares in the last quarter. Donald Smith & CO. Inc. increased its holdings in shares of AerCap by 0.7% in the 3rd quarter. Donald Smith & CO. Inc. now owns 3,525,307 shares of the financial services provider’s stock valued at $333,917,000 after purchasing an additional 23,994 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of AerCap by 12.6% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,860,757 shares of the financial services provider’s stock worth $173,423,000 after acquiring an additional 208,407 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of AerCap by 1.3% in the 3rd quarter. FMR LLC now owns 1,737,476 shares of the financial services provider’s stock worth $164,574,000 after acquiring an additional 22,346 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Company Profile

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.