AerCap (NYSE:AER) Stock Price Expected to Rise, Susquehanna Analyst Says

AerCap (NYSE:AER) had its price target lifted by Susquehanna from $120.00 to $130.00 in a report released on Tuesday,Benzinga reports. Susquehanna currently has a positive rating on the financial services provider’s stock.

Several other research analysts also recently issued reports on AER. JPMorgan Chase & Co. raised their price objective on shares of AerCap from $112.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Barclays reaffirmed an “overweight” rating and issued a $115.00 target price (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. UBS Group cut shares of AerCap to an “underperform” rating in a research note on Friday, March 7th. Morgan Stanley raised their price objective on shares of AerCap from $101.00 to $111.00 and gave the company an “equal weight” rating in a research note on Thursday, May 1st. Finally, Bank of America raised their price objective on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $119.25.

AerCap Trading Up 0.7%

Shares of AerCap stock opened at $112.08 on Tuesday. AerCap has a 1 year low of $82.21 and a 1 year high of $113.10. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $20.93 billion, a P/E ratio of 8.88, a PEG ratio of 2.22 and a beta of 1.41. The company’s fifty day moving average is $100.61 and its two-hundred day moving average is $98.29.

AerCap (NYSE:AER) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.99. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the firm posted $3.29 EPS. AerCap’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts forecast that AerCap will post 11.29 earnings per share for the current year.

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Wednesday, May 14th. AerCap’s payout ratio is currently 9.58%.

AerCap declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 4.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On AerCap

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameriflex Group Inc. acquired a new position in shares of AerCap in the fourth quarter valued at approximately $27,000. Toth Financial Advisory Corp acquired a new position in shares of AerCap in the fourth quarter valued at approximately $29,000. Mather Group LLC. raised its position in shares of AerCap by 230.1% in the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $31,000 after buying an additional 214 shares during the last quarter. Pinpoint Asset Management Ltd acquired a new position in shares of AerCap in the fourth quarter valued at approximately $35,000. Finally, Summit Securities Group LLC acquired a new position in shares of AerCap in the first quarter valued at approximately $64,000. Institutional investors and hedge funds 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.