AerCap (NYSE:AER) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

AerCap Holdings (NYSE:AER) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $94.70 and traded as high as $96.06. AerCap shares last traded at $95.52, with a volume of 580,766 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 price target on shares of AerCap in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $112.00.

AerCap Price Performance

The firm has a market capitalization of $18.94 billion, a PE ratio of 7.58, a PEG ratio of 2.17 and a beta of 1.82. 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 stock has a 50-day moving average price of $96.12 and a 200 day moving average price of $94.75.

AerCap (NYSE:AER) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.41. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.81 earnings per share. Equities analysts forecast that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 13th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Wednesday, November 13th. AerCap’s dividend payout ratio is presently 7.92%.

Institutional Trading of AerCap

Institutional investors have recently made changes to their positions in the company. Truvestments Capital LLC acquired a new position in AerCap during the third quarter worth about $35,000. UMB Bank n.a. boosted its holdings in shares of AerCap by 35.5% during the 3rd quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 174 shares during the last quarter. Transamerica Financial Advisors Inc. purchased a new stake in shares of AerCap in the third quarter valued at approximately $64,000. Quantbot Technologies LP purchased a new stake in shares of AerCap in the third quarter valued at approximately $66,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of AerCap by 15.3% in the third quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 108 shares during the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

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.