AerCap (NYSE:AER) Given New $130.00 Price Target at Susquehanna

AerCap (NYSE:AER) had its price objective hoisted by Susquehanna from $120.00 to $130.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a positive rating on the financial services provider’s stock.

Several other equities research analysts have 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 restated an “overweight” rating and set a $115.00 price objective (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Morgan Stanley increased their target price on shares of AerCap from $101.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 1st. Bank of America increased their target price 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, UBS Group lowered shares of AerCap to an “underperform” rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $119.25.

AerCap Price Performance

AerCap stock opened at $112.08 on Tuesday. AerCap has a 52-week low of $82.21 and a 52-week high of $113.10. The firm has a market capitalization of $20.93 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 2.22 and a beta of 1.41. The company has a fifty day simple moving average of $100.61 and a 200-day simple moving average of $98.29. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89.

AerCap (NYSE:AER) last released its earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.99. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the firm earned $3.29 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts anticipate that AerCap will post 11.29 EPS for the current fiscal 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 issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a yield of 0.96%. AerCap’s dividend payout ratio (DPR) is presently 9.58%.

AerCap announced that its board has initiated a share buyback program on Wednesday, February 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 4.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On AerCap

A number of hedge funds have recently added to or reduced their stakes in AER. Barclays PLC lifted its holdings in AerCap by 95.5% during the 3rd quarter. Barclays PLC now owns 91,707 shares of the financial services provider’s stock worth $8,687,000 after buying an additional 44,797 shares in the last quarter. Fiduciary Alliance LLC acquired a new stake in AerCap during the 4th quarter worth approximately $2,007,000. Eagle Bay Advisors LLC lifted its holdings in AerCap by 1,148.5% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider’s stock worth $121,000 after buying an additional 1,160 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in AerCap during the 4th quarter worth approximately $743,000. Finally, 180 Wealth Advisors LLC lifted its holdings in AerCap by 7.6% during the 4th quarter. 180 Wealth Advisors LLC now owns 11,219 shares of the financial services provider’s stock worth $1,074,000 after buying an additional 788 shares in 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.