Aercap (NYSE:AER) Price Target Raised to $150.00

Aercap (NYSE:AER) had its price objective hoisted by Bank of America from $130.00 to $150.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

Other analysts also recently issued research reports about the stock. TD Cowen increased their target price on shares of Aercap from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Morgan Stanley boosted their price objective on shares of Aercap from $111.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. Susquehanna raised their target price on shares of Aercap from $130.00 to $134.00 and gave the company a “positive” rating in a research note on Wednesday, August 13th. Zacks Research upgraded shares of Aercap from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Finally, Barclays increased their price target on Aercap from $132.00 to $144.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Aercap presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.00.

Aercap Price Performance

Shares of Aercap stock opened at $132.30 on Tuesday. The business’s fifty day moving average price is $123.39 and its 200 day moving average price is $116.42. Aercap has a twelve month low of $85.57 and a twelve month high of $135.01. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.57. The stock has a market capitalization of $24.71 billion, a P/E ratio of 6.27, a PEG ratio of 2.50 and a beta of 1.40.

Aercap (NYSE:AER) last announced its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $4.97 EPS for the quarter, topping the consensus estimate of $3.16 by $1.81. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2 billion. Aercap had a return on equity of 15.31% and a net margin of 45.41%.The firm’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.41 earnings per share. Aercap has set its FY 2025 guidance at 13.700-13.700 EPS. As a group, research analysts anticipate that Aercap will post 11.29 earnings per share for the current year.

Aercap Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Wednesday, November 12th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. Aercap’s dividend payout ratio is presently 5.12%.

Institutional Trading of Aercap

A number of hedge funds and other institutional investors have recently modified their holdings of AER. D.A. Davidson & CO. boosted its holdings in Aercap by 22.4% in the first quarter. D.A. Davidson & CO. now owns 13,808 shares of the financial services provider’s stock valued at $1,411,000 after purchasing an additional 2,531 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in shares of Aercap by 9.6% in the 1st quarter. OneDigital Investment Advisors LLC now owns 12,219 shares of the financial services provider’s stock valued at $1,248,000 after purchasing an additional 1,074 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Aercap by 1.4% during the 1st quarter. Bank of New York Mellon Corp now owns 452,376 shares of the financial services provider’s stock valued at $46,219,000 after buying an additional 6,073 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of Aercap during the first quarter worth approximately $432,000. Finally, Callan Capital LLC grew its position in shares of Aercap by 28.3% during the first quarter. Callan Capital LLC now owns 4,493 shares of the financial services provider’s stock worth $459,000 after buying an additional 992 shares in the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

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.