AerCap (NYSE:AER) Given New $115.00 Price Target at Deutsche Bank Aktiengesellschaft

AerCap (NYSE:AER) had its target price boosted by Deutsche Bank Aktiengesellschaft from $110.00 to $115.00 in a research report released on Tuesday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the financial services provider’s stock.

Several other analysts have also recently issued reports on AER. Barclays upped their price objective on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Susquehanna increased their price objective on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. Finally, TD Cowen reissued a “buy” rating and issued a $125.00 price objective on shares of AerCap in a research note on Monday, July 29th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.43.

AerCap Stock Performance

AER opened at $95.45 on Tuesday. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $18.89 billion, a price-to-earnings ratio of 6.21, a PEG ratio of 2.13 and a beta of 1.83. The company has a fifty day moving average of $94.75 and a 200 day moving average of $92.16. AerCap has a fifty-two week low of $58.46 and a fifty-two week high of $99.30.

AerCap (NYSE:AER) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, beating the consensus estimate of $2.41 by $0.60. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.89 billion. AerCap had a net margin of 42.02% and a return on equity of 15.12%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.56 EPS. As a group, sell-side analysts forecast that AerCap will post 11.33 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 14th were given a $0.25 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.05%. AerCap’s dividend payout ratio is presently 6.51%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of AerCap by 89.9% during the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 134 shares during the period. Mather Group LLC. lifted its stake in AerCap by 230.1% in the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 214 shares during the last quarter. UMB Bank n.a. boosted its position in shares of AerCap by 35.5% during the third quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock valued at $63,000 after buying an additional 174 shares during the period. Federated Hermes Inc. grew its stake in shares of AerCap by 209.1% during the second quarter. Federated Hermes Inc. now owns 1,567 shares of the financial services provider’s stock valued at $146,000 after buying an additional 1,060 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd lifted its stake in shares of AerCap by 33.3% during the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 2,000 shares of the financial services provider’s stock worth $186,000 after acquiring an additional 500 shares during the last quarter. 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.