The Goldman Sachs Group Reiterates “Buy” Rating for AerCap (NYSE:AER)

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

Several other research firms have also issued reports on AER. Susquehanna lifted 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. Barclays boosted their price objective on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen reissued a “buy” rating and issued a $125.00 price target on shares of AerCap in a research note on Monday, July 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

AerCap Trading Up 0.3 %

Shares of AER opened at $98.03 on Thursday. AerCap has a twelve month low of $66.34 and a twelve month high of $99.68. The stock has a market cap of $19.40 billion, a PE ratio of 7.77, a P/E/G ratio of 2.20 and a beta of 1.83. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The business’s 50-day moving average price is $95.62 and its 200-day moving average price is $93.80.

AerCap (NYSE:AER) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the firm posted $2.81 EPS. AerCap’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts forecast that AerCap will post 11.26 EPS for the current fiscal year.

AerCap Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.25 per share. 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 payout ratio is currently 7.92%.

Institutional Investors Weigh In On AerCap

A number of hedge funds have recently made changes to their positions in AER. Blue Trust Inc. increased its stake in shares of AerCap by 89.9% in the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after buying an additional 134 shares during the period. Mather Group LLC. increased its position in shares of AerCap by 230.1% in the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 214 shares during the period. Truvestments Capital LLC bought a new position in shares of AerCap during the third quarter valued at about $35,000. UMB Bank n.a. boosted its holdings in shares of AerCap by 35.5% during the third quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 174 shares during the period. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of AerCap in the third quarter worth about $64,000. 96.42% of the stock is currently owned by institutional investors.

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.