Aercap (NYSE:AER) Price Target Raised to $120.00

Aercap (NYSE:AER) had its price objective raised by Morgan Stanley from $111.00 to $120.00 in a research note released on Thursday morning,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

Several other equities research analysts have also recently issued reports on AER. Barclays boosted their price objective on shares of Aercap from $115.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Susquehanna boosted their target price on shares of Aercap from $120.00 to $130.00 and gave the stock a “positive” rating in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. boosted their target price on Aercap from $112.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.38.

Aercap Stock Down 1.5%

NYSE AER opened at $112.13 on Thursday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 2.69. Aercap has a 12 month low of $82.21 and a 12 month high of $118.07. The stock’s 50 day moving average is $114.69 and its 200 day moving average is $104.51. The stock has a market cap of $20.94 billion, a PE ratio of 9.95, a P/E/G ratio of 2.33 and a beta of 1.38.

Aercap (NYSE:AER) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.99. Aercap had a net margin of 26.53% and a return on equity of 13.84%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm earned $3.29 earnings per share. Aercap’s revenue was up 2.9% on a year-over-year basis. Research analysts predict that Aercap will post 11.29 EPS for the current fiscal year.

Aercap Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Wednesday, May 14th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Wednesday, May 14th. Aercap’s dividend payout ratio (DPR) is presently 9.58%.

Institutional Trading of Aercap

A number of hedge funds and other institutional investors have recently modified their holdings of AER. Ameriflex Group Inc. acquired a new stake in Aercap in the 4th quarter valued at about $27,000. Mather Group LLC. grew its holdings in shares of Aercap by 230.1% during the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $31,000 after buying an additional 214 shares during the last quarter. Pinpoint Asset Management Ltd acquired a new position in shares of Aercap in the fourth quarter valued at approximately $35,000. Quarry LP purchased a new position in Aercap during the 1st quarter worth $37,000. Finally, Geneos Wealth Management Inc. increased its position in Aercap by 26.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 94 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.