AerCap (NYSE:AER) Given “Buy” Rating at The Goldman Sachs Group

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

AER has been the subject of a number of other research reports. TD Cowen restated a “buy” rating and issued a $125.00 price objective on shares of AerCap in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Susquehanna increased their price objective on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. Finally, Barclays boosted their target price on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, AerCap currently has an average rating of “Moderate Buy” and an average price target of $112.00.

AerCap Trading Up 0.5 %

Shares of AER traded up $0.50 during trading on Thursday, reaching $98.22. 57,512 shares of the company traded hands, compared to its average volume of 1,430,623. The stock has a 50-day simple moving average of $95.44 and a 200-day simple moving average of $93.63. The stock has a market cap of $19.44 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 2.16 and a beta of 1.83. AerCap has a twelve month low of $66.34 and a twelve month high of $99.68. 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 announced its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.41. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the company earned $2.81 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts anticipate that AerCap will post 11.26 earnings per share for the current year.

AerCap Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s dividend payout ratio (DPR) is presently 7.92%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC purchased a new stake in shares of AerCap in the 1st quarter valued at about $714,000. Canada Pension Plan Investment Board grew its position in shares of AerCap by 51.7% during the first quarter. Canada Pension Plan Investment Board now owns 281,013 shares of the financial services provider’s stock worth $24,423,000 after acquiring an additional 95,823 shares during the last quarter. Quadrature Capital Ltd increased its holdings in shares of AerCap by 38.4% in the 1st quarter. Quadrature Capital Ltd now owns 27,654 shares of the financial services provider’s stock valued at $2,401,000 after acquiring an additional 7,676 shares during the period. SVB Wealth LLC boosted its stake in AerCap by 54.9% during the 1st quarter. SVB Wealth LLC now owns 4,462 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 1,581 shares during the period. Finally, Robotti Robert increased its stake in AerCap by 13.2% in the first quarter. Robotti Robert now owns 99,536 shares of the financial services provider’s stock valued at $8,651,000 after purchasing an additional 11,635 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

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.