AerCap Holdings (NYSE:AER) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

AerCap Holdings (NYSE:AER) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $117.14.

Several analysts have weighed in on the company. Morgan Stanley cut their target price on AerCap from $112.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Friday, April 11th. UBS Group downgraded shares of AerCap to an “underperform” rating in a report on Friday, March 7th. Bank of America increased their target price on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Susquehanna boosted their price target on shares of AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research report on Thursday, February 27th. Finally, Barclays reiterated an “overweight” rating and issued a $115.00 price objective (up from $113.00) on shares of AerCap in a report on Thursday, February 27th.

Institutional Trading of AerCap

A number of large investors have recently added to or reduced their stakes in AER. Barclays PLC boosted its stake in shares of AerCap by 95.5% during the 3rd quarter. Barclays PLC now owns 91,707 shares of the financial services provider’s stock worth $8,687,000 after acquiring an additional 44,797 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of AerCap in the 3rd quarter valued at $7,507,000. Wilmington Savings Fund Society FSB acquired a new position in shares of AerCap in the 3rd quarter valued at $2,261,000. Tidal Investments LLC increased its stake in AerCap by 271.8% in the 3rd quarter. Tidal Investments LLC now owns 8,496 shares of the financial services provider’s stock worth $805,000 after purchasing an additional 6,211 shares in the last quarter. Finally, Synovus Financial Corp acquired a new stake in AerCap during the 3rd quarter worth about $3,141,000. 96.42% of the stock is currently owned by institutional investors.

AerCap Trading Up 2.4 %

Shares of NYSE:AER opened at $97.44 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The company’s 50-day moving average price is $99.40 and its 200 day moving average price is $97.10. The company has a market cap of $18.20 billion, a PE ratio of 7.72, a P/E/G ratio of 2.22 and a beta of 1.46. AerCap has a fifty-two week low of $82.21 and a fifty-two week high of $107.36.

AerCap (NYSE:AER) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.75. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.97 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. Sell-side analysts anticipate that AerCap will post 11.29 earnings per share for the current year.

AerCap Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.11%. This is a boost from AerCap’s previous quarterly dividend of $0.25. AerCap’s payout ratio is currently 9.99%.

AerCap announced that its board has approved a stock repurchase plan on Wednesday, February 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 4.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.