AerCap Holdings N.V. sees its price target upped to $130 by Susquehanna, showing optimism for the financial services firm. Analysts have mixed ratings, with a consensus price target of $119.25. Recent earnings exceeded expectations significantly, and a $1 billion share buyback program signals confidence. A quarterly dividend announcement adds to the appeal for investors as institutional interest grows.
AerCap Holdings N.V. (NYSE:AER) recently saw its target price bumped up 10 bucks, moving from $120 to $130, thanks to analysts over at Susquehanna. This positive outlook seems to be reflective of the financial services provider’s solid performance lately, as many are tuning in to AerCap’s promising trajectory.
The stock has definitely been in the spotlight. Just last week, JPMorgan Chase & Co. raised their price target from $112 to $114, giving AerCap an “overweight” rating. On the flip side though, UBS Group dropped their rating to “underperform” just a few months back. But that’s not where it stopped; Barclays maintained an “overweight” stance with targets up to $115, and Morgan Stanley nudged theirs from $101 to $111.
Despite the mixed reviews, Bank of America raised their target to $125 with a “buy” rating. As it stands, one analyst holds a sell rating, a solitary hold rating exists, while a whopping seven analysts have declared it a buy. Currently, the average rating for AerCap is “Moderate Buy” with a consensus price target resting at $119.25—quite the interesting figure, if you ask me.
On April 30th, AerCap announced their earnings results, and wow, they beat expectations by a wide margin. Reporting an EPS of $3.68, versus an expected $2.69, that’s a difference of about $0.99. Their revenue also made waves, logging in at $2.08 billion, beating predictions once again. The return on equity stood at a commendable 13.98%, showing just how effective they’ve been lately.
And there’s more news! The company’s board kicked off a $1 billion share buyback program, allowing them to repurchase up to 4.9% of their shares. Such buyback initiatives usually suggest the board believes the stock is undervalued. Could this be a sign of future growth? Time will tell!
Mark your calendars, because AerCap has also announced a quarterly dividend. Shareholders on record by May 14th will nab $0.27 per share, tempting investors with a 0.95% yield, translating to an $1.08 annual dividend. Talk about putting some cash back in the pockets of shareholders!
Meanwhile, there’s some action in the institutional investor arena, with Barclays PLC increasing its stake in AerCap by a whopping 95.5%. They’re not alone; other firms like Fiduciary Alliance LLC and Eagle Bay Advisors LLC are also getting in on the action, showcasing growing interest in the financial services provider. An impressive 96.42% of AerCap stock is held by these institutional investors.
For those not in the know, AerCap deals with the leasing and management of commercial flight equipment across the globe, including regions like China, Ireland, and the US. They provide a range of asset management services, ensuring that aircraft maintenance stays on point while keeping their clients happy.