AAR (NYSE:AIR) Price Target Raised to $145.00

AAR (NYSE:AIR) had its target price increased by Truist Financial from $128.00 to $145.00 in a report published on Monday morning, MarketBeat.com reports. They currently have a buy rating on the aerospace company’s stock.

Several other analysts have also issued reports on AIR. KeyCorp reaffirmed a “sector weight” rating on shares of AAR in a research report on Wednesday, July 22nd. Wall Street Zen lowered shares of AAR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Jefferies Financial Group upped their target price on shares of AAR from $150.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Zacks Research upgraded AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Finally, Weiss Ratings raised AAR from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, AAR currently has an average rating of “Moderate Buy” and a consensus target price of $135.60.

AAR Trading Down 4.1%

AAR stock opened at $135.05 on Monday. The firm has a 50-day moving average of $128.75 and a 200-day moving average of $117.21. AAR has a one year low of $71.43 and a one year high of $146.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.84 and a quick ratio of 1.24. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 27.96 and a beta of 1.09.

AAR (NYSE:AIR) last announced its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.15. The company had revenue of $928.00 million during the quarter, compared to analysts’ expectations of $893.03 million. AAR had a return on equity of 12.67% and a net margin of 5.67%.AAR’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.16 EPS. On average, equities analysts expect that AAR will post 5.92 earnings per share for the current fiscal year.

Institutional Trading of AAR

A number of hedge funds have recently modified their holdings of AIR. Whittier Trust Co. of Nevada Inc. acquired a new position in AAR in the 1st quarter valued at about $25,000. McMillan Office Inc. acquired a new stake in AAR during the fourth quarter worth approximately $25,000. Osterweis Capital Management Inc. acquired a new stake in AAR during the second quarter worth approximately $26,000. Morse Asset Management Inc bought a new stake in shares of AAR during the third quarter worth approximately $27,000. Finally, NBC Securities Inc. bought a new stake in shares of AAR during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

About AAR

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.