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

Shares of AerCap Holdings (NYSE:AER) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $119.25.

Several equities analysts recently issued reports on AER shares. Bank of America boosted their target price on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, March 7th. UBS Group downgraded AerCap to an “underperform” rating in a research report on Friday, March 7th. Susquehanna raised their price target on AerCap from $120.00 to $130.00 and gave the stock a “positive” rating in a research report on Tuesday, May 13th. Morgan Stanley upped their target price on shares of AerCap from $101.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 1st. Finally, Barclays reiterated an “overweight” rating and issued a $115.00 price objective (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th.

AerCap Price Performance

Shares of AerCap stock opened at $116.80 on Friday. AerCap has a one year low of $82.21 and a one year high of $117.41. The stock has a market cap of $21.82 billion, a P/E ratio of 9.26, a P/E/G ratio of 2.22 and a beta of 1.41. The stock’s fifty day moving average is $105.15 and its 200 day moving average is $100.55. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67.

AerCap (NYSE:AER) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.68 EPS for the quarter, topping the consensus estimate of $2.69 by $0.99. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the firm earned $3.29 earnings per share. AerCap’s quarterly revenue was up 2.9% compared to the same quarter last year. Sell-side analysts anticipate that AerCap will post 11.29 earnings per share for the current year.

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

AerCap Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Wednesday, May 14th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.92%. AerCap’s dividend payout ratio (DPR) is currently 9.58%.

Hedge Funds Weigh In On AerCap

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. abrdn plc increased its position in AerCap by 124.0% in the 4th quarter. abrdn plc now owns 162,274 shares of the financial services provider’s stock valued at $15,647,000 after acquiring an additional 89,831 shares during the period. Yousif Capital Management LLC grew its stake in AerCap by 3.6% in the fourth quarter. Yousif Capital Management LLC now owns 11,957 shares of the financial services provider’s stock valued at $1,144,000 after acquiring an additional 410 shares during the period. Choreo LLC increased its stake in AerCap by 115.9% during the 4th quarter. Choreo LLC now owns 12,032 shares of the financial services provider’s stock valued at $1,149,000 after purchasing an additional 6,459 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in AerCap by 2.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 400,770 shares of the financial services provider’s stock worth $38,354,000 after purchasing an additional 8,043 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in AerCap by 0.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,192 shares of the financial services provider’s stock valued at $1,837,000 after buying an additional 115 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.