AerCap (NYSE:AER) Reaches New 52-Week High at $93.08

Shares of AerCap Holdings (NYSE:AERGet Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $93.08 and last traded at $93.08, with a volume of 975067 shares trading hands. The stock had previously closed at $90.75.

Analysts Set New Price Targets

AER has been the topic of several recent research reports. BMO Capital Markets reduced their price target on AerCap from $103.00 to $101.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Barclays upped their target price on shares of AerCap from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of AerCap from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Susquehanna upped their price objective on shares of AerCap from $90.00 to $100.00 and gave the company a “positive” rating in a research report on Thursday, May 2nd. Finally, TD Cowen raised their target price on AerCap from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $94.38.

Read Our Latest Research Report on AerCap

AerCap Price Performance

The stock has a market cap of $18.37 billion, a price-to-earnings ratio of 6.04, a PEG ratio of 2.75 and a beta of 1.84. The company has a 50 day simple moving average of $85.70 and a 200-day simple moving average of $77.29. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 2.70.

AerCap (NYSE:AERGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.98. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.95 billion. AerCap had a return on equity of 15.29% and a net margin of 42.78%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the business posted $2.34 earnings per share. As a group, research analysts anticipate that AerCap Holdings will post 10.26 EPS for the current fiscal year.

AerCap Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%.

Institutional Trading of AerCap

A number of institutional investors and hedge funds have recently made changes to their positions in AER. Quadrature Capital Ltd grew its stake in AerCap by 38.4% during the 1st quarter. Quadrature Capital Ltd now owns 27,654 shares of the financial services provider’s stock worth $2,401,000 after buying an additional 7,676 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in AerCap by 51.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 281,013 shares of the financial services provider’s stock worth $24,423,000 after buying an additional 95,823 shares during the last quarter. Castle Hook Partners LP bought a new position in AerCap during the 1st quarter worth $94,062,000. Lake Street Advisors Group LLC bought a new position in AerCap during the 1st quarter worth $397,000. Finally, Seven Eight Capital LP grew its stake in AerCap by 9.7% during the 1st quarter. Seven Eight Capital LP now owns 8,800 shares of the financial services provider’s stock worth $765,000 after buying an additional 778 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

AerCap Company Profile

(Get Free Report)

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.

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