Brokerages Set Aercap Holdings N.V. (NYSE:AER) Target Price at $122.38

Aercap Holdings N.V. (NYSE:AER) has received an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $122.00.

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Aercap from $112.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Barclays increased their price target on shares of Aercap from $115.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Susquehanna boosted their price objective on Aercap from $120.00 to $130.00 and gave the stock a “positive” rating in a research note on Tuesday, May 13th. Finally, Morgan Stanley upped their price objective on Aercap from $111.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, July 17th.

Aercap Stock Performance

NYSE:AER opened at $112.73 on Friday. The company has a market cap of $21.05 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 2.34 and a beta of 1.38. Aercap has a 1 year low of $82.21 and a 1 year high of $118.07. The stock’s 50 day simple moving average is $114.62 and its two-hundred day simple moving average is $105.32. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.21 and a quick ratio of 0.21.

Aercap (NYSE:AER) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.99. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Aercap had a net margin of 26.53% and a return on equity of 13.84%. Aercap’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.29 earnings per share. As a group, equities analysts anticipate that Aercap will post 11.29 earnings per share for the current fiscal year.

Aercap Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Wednesday, May 14th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.08 annualized dividend and a yield of 0.96%. Aercap’s payout ratio is 9.58%.

Institutional Trading of Aercap

Several institutional investors have recently added to or reduced their stakes in AER. Beverly Hills Private Wealth LLC increased its stake in Aercap by 16.4% in the second quarter. Beverly Hills Private Wealth LLC now owns 27,012 shares of the financial services provider’s stock worth $3,160,000 after purchasing an additional 3,809 shares during the period. Wealthstream Advisors Inc. lifted its holdings in Aercap by 11.7% during the 2nd quarter. Wealthstream Advisors Inc. now owns 4,016 shares of the financial services provider’s stock valued at $470,000 after buying an additional 420 shares in the last quarter. Allianz Asset Management GmbH boosted its position in Aercap by 33.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 180,215 shares of the financial services provider’s stock valued at $21,085,000 after buying an additional 45,423 shares during the period. Ritholtz Wealth Management grew its stake in Aercap by 3.3% in the 2nd quarter. Ritholtz Wealth Management now owns 12,065 shares of the financial services provider’s stock worth $1,412,000 after acquiring an additional 389 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its position in shares of Aercap by 162.9% during the second quarter. Atria Wealth Solutions Inc. now owns 8,238 shares of the financial services provider’s stock worth $964,000 after acquiring an additional 5,104 shares during the period. 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.