AerCap (NYSE:AER) Receives “Buy” Rating from The Goldman Sachs Group

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

Several other research firms have also recently commented on AER. Barclays raised their price target on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. TD Cowen restated a “buy” rating and set a $125.00 target price on shares of AerCap in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped 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. Finally, Susquehanna raised their price objective on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, AerCap presently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

AerCap Stock Performance

AerCap stock traded up $0.50 during trading hours on Thursday, reaching $98.22. 57,512 shares of the stock were exchanged, compared to its average volume of 1,430,623. AerCap has a 52-week low of $66.34 and a 52-week high of $99.68. The stock has a market cap of $19.44 billion, a P/E ratio of 7.73, a P/E/G ratio of 2.16 and a beta of 1.83. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s 50 day moving average is $95.44 and its 200 day moving average is $93.63.

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

AerCap Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th will be paid 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 Trading of AerCap

Several institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. raised its stake in AerCap by 89.9% in the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 134 shares during the last quarter. Mather Group LLC. raised 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 buying an additional 214 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of AerCap during the third quarter valued at approximately $35,000. UMB Bank n.a. boosted its position in 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 acquiring an additional 174 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new stake in AerCap in the 3rd quarter worth approximately $64,000. 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.