Aercap Holdings N.V. (NYSE:AER) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Aercap Holdings N.V. (NYSE:AER) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $167.50.

Several brokerages have weighed in on AER. JPMorgan Chase & Co. increased their price objective on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings upgraded Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday. Morgan Stanley dropped their price target on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. TD Cowen lifted their price objective on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Barclays lifted their price objective on Aercap from $164.00 to $179.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th.

Aercap Stock Performance

AER stock traded down $1.33 during mid-day trading on Friday, hitting $149.70. The company had a trading volume of 618,747 shares, compared to its average volume of 1,126,304. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $24.98 billion, a PE ratio of 6.56, a price-to-earnings-growth ratio of 1.04 and a beta of 0.94. Aercap has a 12 month low of $105.65 and a 12 month high of $155.99. The stock’s fifty day moving average price is $143.06 and its two-hundred day moving average price is $143.06.

Aercap (NYSE:AER) last released its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. The firm had revenue of $2.30 billion during the quarter. On average, analysts forecast that Aercap will post 17.34 earnings per share for the current fiscal year.

Aercap announced that its board has initiated a stock repurchase program on Wednesday, April 29th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Aercap Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.60 annualized dividend and a yield of 1.1%. Aercap’s dividend payout ratio (DPR) is 7.01%.

Institutional Trading of Aercap

A number of institutional investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors grew its holdings in Aercap by 2.7% during the 4th quarter. Arkadios Wealth Advisors now owns 2,525 shares of the financial services provider’s stock valued at $363,000 after buying an additional 67 shares in the last quarter. Williams & Novak LLC grew its stake in Aercap by 4.6% during the second quarter. Williams & Novak LLC now owns 1,531 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 68 shares in the last quarter. Wedmont Private Capital increased its holdings in Aercap by 3.9% during the 4th quarter. Wedmont Private Capital now owns 1,979 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 74 shares during the period. Parallel Advisors LLC increased its holdings in Aercap by 7.1% during the 1st quarter. Parallel Advisors LLC now owns 1,110 shares of the financial services provider’s stock worth $152,000 after acquiring an additional 74 shares during the period. Finally, Argentarii LLC lifted its stake in Aercap by 2.8% in the 4th quarter. Argentarii LLC now owns 2,793 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

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.