AerCap (NYSE:AER) PT Raised to $108.00 at Susquehanna

AerCap (NYSE:AER) had its target price boosted by Susquehanna from $100.00 to $108.00 in a report issued on Friday, Benzinga reports. They currently have a positive rating on the financial services provider’s stock.

AER has been the topic of several other reports. Barclays upped their target price on AerCap from $94.00 to $111.00 and gave the stock an overweight rating in a research report on Thursday, July 18th. Morgan Stanley started coverage on AerCap in a research note on Friday, June 7th. They issued an equal weight rating and a $103.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on AerCap from $95.00 to $110.00 and gave the company a buy rating in a research report on Thursday, May 9th. Finally, TD Cowen restated a buy rating and set a $125.00 target price on shares of AerCap in a research report on Monday, July 29th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $102.38.

AerCap Stock Performance

Shares of AER opened at $86.24 on Friday. AerCap has a 52-week low of $57.30 and a 52-week high of $98.79. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 2.70. The firm has a market cap of $17.07 billion, a price-to-earnings ratio of 5.61, a PEG ratio of 2.28 and a beta of 1.83. The business’s 50 day moving average is $93.02 and its two-hundred day moving average is $86.59.

AerCap (NYSE:AER) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.60. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.89 billion. AerCap had a return on equity of 15.21% and a net margin of 42.02%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.56 earnings per share. Analysts forecast that AerCap will post 10.25 EPS for the current fiscal year.

AerCap Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.00 annualized dividend and a yield of 1.16%. AerCap’s payout ratio is 6.51%.

Hedge Funds Weigh In On AerCap

A number of institutional investors and hedge funds have recently made changes to their positions in AER. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in AerCap by 19.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,949 shares of the financial services provider’s stock valued at $9,643,000 after acquiring an additional 17,750 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in AerCap by 13.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 83,931 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 10,159 shares in the last quarter. California Public Employees Retirement System grew its holdings in AerCap by 22.2% in the fourth quarter. California Public Employees Retirement System now owns 358,689 shares of the financial services provider’s stock valued at $26,658,000 after purchasing an additional 65,082 shares during the period. Desjardins Global Asset Management Inc. grew its holdings in AerCap by 281.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 25,957 shares of the financial services provider’s stock valued at $1,929,000 after purchasing an additional 19,152 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of AerCap by 23.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 114,700 shares of the financial services provider’s stock worth $8,525,000 after acquiring an additional 22,100 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.