AerCap (NYSE:AER) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

AerCap (NYSE:AER) had its price objective raised by JPMorgan Chase & Co. from $112.00 to $114.00 in a report issued on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

AER has been the subject of several other research reports. Susquehanna lifted their price target on AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research note on Thursday, February 27th. UBS Group cut shares of AerCap to an “underperform” rating in a research report on Friday, March 7th. Morgan Stanley reduced their price target on shares of AerCap from $112.00 to $101.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. Bank of America raised their price objective on shares of AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, Barclays reaffirmed an “overweight” rating and issued a $115.00 target price (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

AerCap Trading Up 0.8 %

Shares of AER opened at $106.74 on Thursday. AerCap has a twelve month low of $82.21 and a twelve month high of $108.49. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $19.94 billion, a P/E ratio of 8.46, a PEG ratio of 2.22 and a beta of 1.41. The firm’s 50-day moving average is $99.54 and its two-hundred day moving average is $97.66.

AerCap (NYSE:AER) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.99. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.01 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.29 EPS. On average, research analysts predict that AerCap will post 11.29 earnings per share for the current fiscal year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 14th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $1.08 annualized dividend and a yield of 1.01%. AerCap’s dividend payout ratio (DPR) is presently 9.58%.

AerCap announced that its Board of Directors has approved a share buyback plan on Wednesday, February 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows 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 leadership believes its shares are undervalued.

Hedge Funds Weigh In On AerCap

Several institutional investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. grew its holdings in 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 buying an additional 6,654 shares during the period. Bank of New York Mellon Corp grew its holdings in 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 purchasing an additional 4,222 shares during the period. O Shaughnessy Asset Management LLC increased its position in AerCap by 11.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 18,664 shares of the financial services provider’s stock worth $1,786,000 after purchasing an additional 1,900 shares during the last quarter. Franklin Resources Inc. raised its stake in AerCap by 5.3% during the third quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider’s stock worth $545,726,000 after purchasing an additional 282,980 shares during the period. Finally, Barclays PLC boosted its holdings in shares of AerCap by 95.5% in the 3rd quarter. Barclays PLC now owns 91,707 shares of the financial services provider’s stock valued at $8,687,000 after purchasing an additional 44,797 shares during the last quarter. 96.42% of the stock is currently 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.