AerCap (NYSE:AER) Now Covered by Morgan Stanley

Morgan Stanley began coverage on shares of AerCap (NYSE:AER) in a research note published on Friday, MarketBeat reports. The firm issued an equal weight rating and a $103.00 price objective on the financial services provider’s stock.

AER has been the subject of several other reports. Susquehanna increased their price objective on AerCap from $90.00 to $100.00 and gave the stock a positive rating in a report on Thursday, May 2nd. Barclays increased their target price on shares of AerCap from $93.00 to $94.00 and gave the stock an overweight rating in a research report on Thursday, May 2nd. TD Cowen increased their target price on shares of AerCap from $105.00 to $125.00 and gave the stock a buy rating in a research report on Thursday, May 23rd. BMO Capital Markets lowered their target price on shares of AerCap from $103.00 to $101.00 and set an outperform rating on the stock in a research report on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of AerCap from $95.00 to $110.00 and gave the stock a buy rating in a research report on Thursday, May 9th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $97.56.

AerCap Price Performance

Shares of NYSE:AER opened at $90.39 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 2.70. AerCap has a 1 year low of $57.30 and a 1 year high of $94.30. The business has a fifty day simple moving average of $88.20 and a 200 day simple moving average of $80.59. The firm has a market cap of $17.89 billion, a price-to-earnings ratio of 5.88, a P/E/G ratio of 4.02 and a beta of 1.85.

AerCap (NYSE:AER) 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. AerCap had a return on equity of 15.29% and a net margin of 42.78%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the company earned $2.34 earnings per share. AerCap’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that AerCap will post 10.24 earnings per share for the current fiscal year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Wednesday, May 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Tuesday, May 21st. AerCap’s dividend payout ratio is currently 6.51%.

Institutional Investors Weigh In On AerCap

Hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. increased its holdings in AerCap by 7.8% in the 3rd quarter. D.A. Davidson & CO. now owns 4,977 shares of the financial services provider’s stock valued at $312,000 after buying an additional 361 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of AerCap by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 195,113 shares of the financial services provider’s stock valued at $12,228,000 after acquiring an additional 3,732 shares in the last quarter. Pathstone Family Office LLC increased its stake in AerCap by 67.4% in the third quarter. Pathstone Family Office LLC now owns 13,258 shares of the financial services provider’s stock valued at $831,000 after acquiring an additional 5,339 shares during the period. HighTower Advisors LLC raised its position in AerCap by 35.1% in the third quarter. HighTower Advisors LLC now owns 8,945 shares of the financial services provider’s stock worth $559,000 after purchasing an additional 2,325 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in AerCap by 28.2% during the third quarter. Canada Pension Plan Investment Board now owns 146,191 shares of the financial services provider’s stock worth $9,162,000 after purchasing an additional 32,200 shares during the period. Institutional investors 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.