Brokerages Set AerCap Holdings (NYSE:AER) Price Target at $117.43

AerCap Holdings (NYSE:AER) has earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $117.43.

A number of analysts recently issued reports on AER shares. Susquehanna increased their target price on AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research note on Thursday, February 27th. Barclays restated an “overweight” rating and set a $115.00 price objective (up from $113.00) on shares of AerCap in a report on Thursday, February 27th. UBS Group lowered shares of AerCap to an “underperform” rating in a research note on Friday, March 7th. Finally, Bank of America boosted their price target on AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, March 7th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AER. B. Riley Wealth Advisors Inc. raised its holdings in shares of AerCap by 59.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider’s stock valued at $1,686,000 after purchasing an additional 6,654 shares during the period. Bank of New York Mellon Corp lifted its position in shares of AerCap by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider’s stock valued at $42,711,000 after buying an additional 4,222 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of AerCap by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider’s stock worth $545,726,000 after acquiring an additional 282,980 shares during the period. Dynamic Technology Lab Private Ltd increased its holdings in shares of AerCap by 145.5% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 21,235 shares of the financial services provider’s stock worth $2,011,000 after acquiring an additional 12,584 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in AerCap by 23.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 69,796 shares of the financial services provider’s stock valued at $6,611,000 after acquiring an additional 13,082 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Trading Up 0.3 %

NYSE AER opened at $103.21 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap has a 12 month low of $81.93 and a 12 month high of $107.36. The company has a market capitalization of $19.28 billion, a PE ratio of 8.18, a P/E/G ratio of 2.22 and a beta of 1.83. The stock has a 50-day simple moving average of $99.34 and a 200 day simple moving average of $96.94.

AerCap (NYSE:AER) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.75. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.97 billion. Research analysts forecast that AerCap will post 11.29 EPS for the current year.

AerCap announced that its board has initiated a share repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

AerCap Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.05%. This is an increase from AerCap’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, March 12th. AerCap’s dividend payout ratio is currently 9.99%.

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.