AerCap (NYSE:AER) Earns Buy Rating from The Goldman Sachs Group

The Goldman Sachs Group reiterated their buy rating on shares of AerCap (NYSE:AER) in a report released on Thursday, Marketbeat.com reports. They currently have a $119.00 price objective on the financial services provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. TD Cowen reiterated a “buy” rating and set a $125.00 price target on shares of AerCap in a report on Monday, July 29th. Susquehanna increased their target price on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. Barclays boosted their price target on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, AerCap presently has an average rating of “Moderate Buy” and a consensus price target of $112.00.

AerCap Trading Up 0.3 %

NYSE AER opened at $98.03 on Thursday. AerCap has a 12 month low of $66.34 and a 12 month high of $99.68. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The stock’s fifty day moving average price is $95.62 and its 200-day moving average price is $93.80. The stock has a market cap of $19.40 billion, a P/E ratio of 7.77, a P/E/G ratio of 2.20 and a beta of 1.83.

AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, meeting the consensus estimate of $2.41. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. AerCap’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.81 EPS. As a group, equities analysts forecast that AerCap will post 11.26 EPS for the current fiscal year.

AerCap Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Wednesday, November 13th. AerCap’s dividend payout ratio is 7.92%.

Institutional Trading of AerCap

Large investors have recently added to or reduced their stakes in the business. State Street Corp lifted its position in AerCap by 8.3% during the third quarter. State Street Corp now owns 4,862,517 shares of the financial services provider’s stock valued at $460,579,000 after purchasing an additional 370,906 shares in the last quarter. Donald Smith & CO. Inc. grew its stake in shares of AerCap by 0.7% during the 3rd quarter. Donald Smith & CO. Inc. now owns 3,525,307 shares of the financial services provider’s stock valued at $333,917,000 after acquiring an additional 23,994 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in AerCap by 12.6% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,860,757 shares of the financial services provider’s stock worth $173,423,000 after acquiring an additional 208,407 shares in the last quarter. FMR LLC raised its stake in AerCap by 1.3% during the 3rd quarter. FMR LLC now owns 1,737,476 shares of the financial services provider’s stock worth $164,574,000 after acquiring an additional 22,346 shares during the period. Finally, Soros Fund Management LLC raised its holdings in AerCap by 2.1% during the third quarter. Soros Fund Management LLC now owns 1,589,896 shares of the financial services provider’s stock valued at $150,595,000 after acquiring an additional 32,911 shares during the period. 96.42% of the stock is currently owned by 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.