AAR Corp. (NYSE:AIR) Receives $135.60 Average Price Target from Brokerages

Shares of AAR Corp. (NYSE:AIR) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $135.60.

AIR has been the subject of a number of research reports. KeyCorp reaffirmed a “sector weight” rating on shares of AAR in a research report on Wednesday, July 22nd. Guggenheim assumed coverage on AAR in a research note on Monday, September 14th. They issued a “neutral” rating for the company. Zacks Research raised AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Jefferies Financial Group upped their target price on AAR from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings upgraded shares of AAR from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd.

AAR Trading Up 1.5%

Shares of AAR stock opened at $119.53 on Thursday. The firm’s 50 day simple moving average is $133.18 and its two-hundred day simple moving average is $123.65. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 24.75 and a beta of 1.11. AAR has a 12-month low of $74.25 and a 12-month high of $154.00. The company has a current ratio of 2.84, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52.

AAR (NYSE:AIR) last posted its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.38 by $0.15. AAR had a net margin of 5.67% and a return on equity of 12.67%. The business had revenue of $928.00 million during the quarter, compared to the consensus estimate of $893.03 million. During the same period in the previous year, the firm posted $1.16 earnings per share. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. Analysts predict that AAR will post 5.92 EPS for the current year.

Institutional Trading of AAR

Large investors have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. purchased a new stake in AAR in the first quarter valued at $25,000. Global Retirement Partners LLC purchased a new position in shares of AAR during the 2nd quarter valued at about $39,000. Optiver Holding B.V. raised its stake in shares of AAR by 218.6% during the 1st quarter. Optiver Holding B.V. now owns 274 shares of the aerospace company’s stock valued at $30,000 after buying an additional 188 shares during the last quarter. Nykredit A S acquired a new position in shares of AAR in the 2nd quarter valued at about $63,000. Finally, McMillan Office Inc. lifted its holdings in shares of AAR by 66.7% in the 1st quarter. McMillan Office Inc. now owns 500 shares of the aerospace company’s stock valued at $55,000 after buying an additional 200 shares during the period. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Company Profile

AAR Corp. is a global provider of aviation services supporting commercial aviation, government and defense customers. The company supplies aircraft parts and equipment, manages inventory and logistics, and provides maintenance, repair and overhaul services for aircraft and components.

AAR’s offerings include parts distribution, supply-chain management, aircraft maintenance, airframe and component repair, and mobility solutions for government and defense operators. Its services are designed to help airlines, aircraft operators and government agencies maintain fleet readiness and manage aviation assets.

Founded in 1955, AAR is headquartered in Wood Dale, Illinois, and serves customers across North America, Europe, Asia and other international markets.