Aercap (NYSE:AER) Reaches New 12-Month High Following Analyst Upgrade

Aercap Holdings N.V. (NYSE:AER)’s share price hit a new 52-week high on Tuesday after Barclays raised their price target on the stock from $164.00 to $179.00. Barclays currently has an overweight rating on the stock. Aercap traded as high as $155.99 and last traded at $153.4040, with a volume of 84632 shares traded. The stock had previously closed at $153.45.

AER has been the subject of several other research reports. Susquehanna lifted their target price on Aercap from $170.00 to $176.00 and gave the stock a “positive” rating in a report on Tuesday. Weiss Ratings lowered shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. boosted their target price on shares of Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. TD Cowen raised their price target on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Morgan Stanley dropped their price objective on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $165.75.

Institutional Investors Weigh In On Aercap

Several institutional investors have recently bought and sold shares of AER. Integrated Wealth Concepts LLC boosted its holdings in Aercap by 19.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 423 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Aercap by 282.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock worth $680,000 after acquiring an additional 4,919 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Aercap by 26.6% in the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 94 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Aercap by 43.3% in the second quarter. Invesco Ltd. now owns 459,459 shares of the financial services provider’s stock valued at $53,757,000 after purchasing an additional 138,843 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Aercap by 59.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,143 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 425 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.

Aercap Price Performance

The company has a market capitalization of $25.46 billion, a P/E ratio of 6.69, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The business’s 50-day moving average is $142.10 and its two-hundred day moving average is $142.86. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34.

Aercap (NYSE:AER) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. The business had revenue of $2.30 billion during the quarter. As a group, analysts predict that Aercap Holdings N.V. will post 17.23 earnings per share for the current year.

Aercap Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Wednesday, May 13th. Aercap’s dividend payout ratio is 7.01%.

Aercap announced that its board has approved a share buyback program on Wednesday, April 29th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

About Aercap

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.