Susquehanna Increases AerCap (NYSE:AER) Price Target to $108.00

AerCap (NYSE:AER) had its target price raised by Susquehanna from $100.00 to $108.00 in a research report released on Friday, Benzinga reports. The brokerage currently has a positive rating on the financial services provider’s stock.

Other analysts also recently issued research reports about the company. TD Cowen reaffirmed a buy rating and set a $125.00 target price on shares of AerCap in a research note on Monday, July 29th. Morgan Stanley started coverage on AerCap in a research report on Friday, June 7th. They issued an equal weight rating and a $103.00 price target for the company. Deutsche Bank Aktiengesellschaft boosted their price target on AerCap from $95.00 to $110.00 and gave the company a buy rating in a research note on Thursday, May 9th. Finally, Barclays increased their target price on AerCap from $94.00 to $111.00 and gave the stock an overweight rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $102.38.

AerCap Stock Down 0.4 %

AerCap stock opened at $86.24 on Friday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market capitalization of $17.07 billion, a price-to-earnings ratio of 5.61, a price-to-earnings-growth ratio of 2.28 and a beta of 1.83. AerCap has a fifty-two week low of $57.30 and a fifty-two week high of $98.79. The stock’s fifty day moving average is $93.02 and its two-hundred day moving average is $86.59.

AerCap (NYSE:AER) last announced its earnings results on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, beating the consensus estimate of $2.41 by $0.60. AerCap had a return on equity of 15.21% and a net margin of 42.02%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the business posted $2.56 EPS. The company’s revenue was up 1.8% on a year-over-year basis. Analysts predict that AerCap will post 10.25 EPS for the current fiscal year.

AerCap Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Wednesday, August 14th. AerCap’s dividend payout ratio is currently 6.51%.

Hedge Funds Weigh In On AerCap

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in AerCap by 19.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,949 shares of the financial services provider’s stock valued at $9,643,000 after buying an additional 17,750 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in AerCap by 13.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 83,931 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 10,159 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of AerCap by 22.2% in the 4th quarter. California Public Employees Retirement System now owns 358,689 shares of the financial services provider’s stock valued at $26,658,000 after acquiring an additional 65,082 shares during the last quarter. Desjardins Global Asset Management Inc. boosted its holdings in AerCap by 281.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 25,957 shares of the financial services provider’s stock worth $1,929,000 after buying an additional 19,152 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in AerCap by 23.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 114,700 shares of the financial services provider’s stock worth $8,525,000 after acquiring an additional 22,100 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

About AerCap

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.