AAR’s (AIR) “Outperform” Rating Reiterated at Royal Bank Of Canada

AAR (NYSE:AIR)‘s stock had its “outperform” rating reissued by stock analysts at Royal Bank Of Canada in a research note issued to investors on Monday, Marketbeat reports. They currently have a $145.00 price objective on the aerospace company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 45.59% from the company’s previous close.

AIR has been the subject of several other research reports. Wall Street Zen cut shares of AAR from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. KeyCorp reiterated a “sector weight” rating on shares of AAR in a research report on Wednesday, July 22nd. Guggenheim started coverage on shares of AAR in a report on Monday, September 14th. They set a “neutral” rating for the company. Weiss Ratings cut shares of AAR from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 25th. Finally, Zacks Research upgraded shares of AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.60.

AAR Price Performance

Shares of NYSE AIR traded down $1.87 during trading on Monday, reaching $99.60. The company had a trading volume of 966,110 shares, compared to its average volume of 484,393. AAR has a 52 week low of $76.10 and a 52 week high of $154.00. The stock has a market cap of $3.97 billion, a PE ratio of 20.41 and a beta of 1.11. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.24 and a current ratio of 2.83. The business’s 50 day moving average price is $130.96 and its 200-day moving average price is $123.83.

AAR (NYSE:AIR) last issued its quarterly earnings results on Monday, September 28th. The aerospace company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.30 by $0.19. AAR had a net margin of 5.55% and a return on equity of 12.99%. The company had revenue of $918.00 million during the quarter, compared to analysts’ expectations of $878.81 million. During the same quarter in the previous year, the company earned $1.08 EPS. AAR’s revenue was up 24.1% on a year-over-year basis. Analysts expect that AAR will post 5.92 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in AAR during the second quarter worth $925,068,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in AAR during the second quarter worth $84,251,000. Geode Capital Management LLC boosted its holdings in AAR by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 920,743 shares of the aerospace company’s stock worth $76,239,000 after purchasing an additional 78,810 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in AAR by 4.9% during the first quarter. Principal Financial Group Inc. now owns 675,686 shares of the aerospace company’s stock worth $73,961,000 after purchasing an additional 31,583 shares during the last quarter. Finally, Emerald Advisers LLC boosted its holdings in AAR by 6.3% during the first quarter. Emerald Advisers LLC now owns 445,693 shares of the aerospace company’s stock worth $48,786,000 after purchasing an additional 26,223 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Company Profile

AAR Corp. is a global aviation services company headquartered in Wood Dale, Illinois. The company supports commercial airlines, government and defense organizations, and original equipment manufacturers through aftermarket aviation products and services.

AAR’s aviation activities include the distribution and sale of aircraft parts, maintenance, repair and overhaul services, component repair, engineering support, and supply-chain management. Its parts and services support a range of commercial, government, and military aircraft, helping customers maintain aircraft availability and operational readiness.

The company also provides expeditionary and mobility-related products and services for government customers, including systems and equipment used to support transportation and logistics operations.