Aercap Holdings N.V. (NYSE:AER) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Aercap Holdings N.V. (NYSE:AER) have received a consensus recommendation of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $163.1250.

A number of analysts recently issued reports on the company. Weiss Ratings cut Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday. Susquehanna upped their price target on Aercap from $165.00 to $170.00 and gave the stock a “positive” rating in a research note on Thursday, April 30th. TD Cowen upped their price target on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Morgan Stanley decreased their price target on Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Finally, Zacks Research upgraded Aercap from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st.

Aercap Price Performance

AER opened at $139.48 on Friday. The stock has a market cap of $23.28 billion, a price-to-earnings ratio of 6.11, a PEG ratio of 0.97 and a beta of 0.95. Aercap has a 1 year low of $105.65 and a 1 year high of $154.94. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. The stock has a fifty day moving average price of $140.87 and a 200 day moving average price of $141.64.

Aercap (NYSE:AER) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. The firm had revenue of $2.30 billion during the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%. Analysts forecast that Aercap will post 17.23 EPS for the current fiscal year.

Aercap declared that its board has authorized a stock repurchase program on Wednesday, April 29th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Aercap Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Wednesday, May 13th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, May 13th. Aercap’s dividend payout ratio is 7.01%.

Hedge Funds Weigh In On Aercap

Several large investors have recently made changes to their positions in AER. Arbejdsmarkedets Tillaegspension acquired a new position in Aercap in the 4th quarter valued at approximately $23,935,000. Citigroup Inc. raised its holdings in Aercap by 12.7% in the 3rd quarter. Citigroup Inc. now owns 176,919 shares of the financial services provider’s stock valued at $21,407,000 after acquiring an additional 19,975 shares in the last quarter. ARGA Investment Management LP raised its holdings in Aercap by 210.8% in the 3rd quarter. ARGA Investment Management LP now owns 31,140 shares of the financial services provider’s stock valued at $3,768,000 after acquiring an additional 21,120 shares in the last quarter. Alberta Investment Management Corp raised its holdings in Aercap by 142.4% in the 3rd quarter. Alberta Investment Management Corp now owns 38,300 shares of the financial services provider’s stock valued at $4,634,000 after acquiring an additional 22,500 shares in the last quarter. Finally, Todd Asset Management LLC raised its holdings in Aercap by 1.5% in the 3rd quarter. Todd Asset Management LLC now owns 533,961 shares of the financial services provider’s stock valued at $64,610,000 after acquiring an additional 7,813 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

About Aercap

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.