AerCap Holdings (NYSE:AER) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of AerCap Holdings (NYSE:AER) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $119.25.

A number of equities analysts have weighed in on AER shares. Morgan Stanley boosted 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. Bank of America boosted their target price on shares of AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Barclays reaffirmed an “overweight” rating and issued a $115.00 target price (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Susquehanna boosted their target price on shares of AerCap from $120.00 to $130.00 and gave the stock a “positive” rating in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. boosted their price target 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.

AerCap Price Performance

NYSE:AER opened at $117.08 on Friday. The firm has a market cap of $21.87 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.39. AerCap has a 12 month low of $82.21 and a 12 month high of $118.07. 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 $106.27 and its two-hundred day moving average price is $100.95.

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

AerCap Dividend Announcement

The company also recently disclosed 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. This represents a $1.08 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Wednesday, May 14th. AerCap’s dividend payout ratio is currently 9.58%.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AER. Rhumbline Advisers boosted its holdings in shares of AerCap by 10.0% in the first quarter. Rhumbline Advisers now owns 56,486 shares of the financial services provider’s stock valued at $5,771,000 after buying an additional 5,137 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of AerCap by 26.6% in the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after buying an additional 94 shares during the period. Zurich Insurance Group Ltd FI boosted its holdings in shares of AerCap by 24.8% in the first quarter. Zurich Insurance Group Ltd FI now owns 129,682 shares of the financial services provider’s stock valued at $13,250,000 after buying an additional 25,780 shares during the period. MBB Public Markets I LLC acquired a new position in shares of AerCap in the first quarter valued at approximately $52,794,000. Finally, United Services Automobile Association acquired a new position in shares of AerCap in the first quarter valued at approximately $689,000. Institutional investors and hedge funds 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.