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

AerCap Holdings (NYSE:AER) has been given an average rating of “Moderate Buy” by the seven analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $112.00.

A number of analysts recently commented on AER shares. Deutsche Bank Aktiengesellschaft lifted their price target on 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 report on Thursday, November 21st.

AerCap Price Performance

AER opened at $96.11 on Thursday. AerCap has a 1 year low of $72.56 and a 1 year high of $100.81. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $19.02 billion, a price-to-earnings ratio of 7.62, a P/E/G ratio of 2.17 and a beta of 1.82. The firm’s fifty day moving average price is $96.12 and its two-hundred day moving average price is $94.88.

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 the consensus estimate of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the company earned $2.81 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, analysts anticipate that AerCap will post 11.26 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Wednesday, November 13th. AerCap’s payout ratio is currently 7.92%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC purchased a new position in AerCap during the third quarter valued at approximately $35,000. UMB Bank n.a. grew its position in shares of AerCap by 35.5% during the 3rd quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 174 shares in the last quarter. Transamerica Financial Advisors Inc. bought a new position in shares of AerCap in the third quarter worth $64,000. Quantbot Technologies LP bought a new position in shares of AerCap in the third quarter worth $66,000. Finally, First Horizon Advisors Inc. raised its position in shares of AerCap by 15.3% in the third quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock worth $77,000 after buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

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.