AAR (NYSE:AIR) Stock Keeps Outperform Rating at Royal Bank Of Canada

AAR (NYSE:AIR)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank Of Canada in a report released on Monday, Marketbeat.com reports. They currently have a $145.00 price target on the aerospace company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 39.74% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Jefferies Financial Group lifted their target price on shares of AAR from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Wall Street Zen lowered shares of AAR from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Guggenheim assumed coverage on shares of AAR in a research note on Monday, September 14th. They set a “neutral” rating on the stock. Weiss Ratings lowered shares of AAR from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. Finally, KeyCorp reissued a “sector weight” rating on shares of AAR in a research note on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, AAR presently has an average rating of “Moderate Buy” and a consensus price target of $140.60.

AAR Stock Performance

Shares of AAR stock traded up $3.86 on Monday, reaching $103.76. 452,549 shares of the company traded hands, compared to its average volume of 484,194. AAR has a 52 week low of $76.10 and a 52 week high of $154.00. The company has a 50 day moving average of $130.35 and a 200 day moving average of $123.81. The firm has a market capitalization of $4.17 billion, a PE ratio of 21.26 and a beta of 1.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.83 and a quick ratio of 1.24.

AAR (NYSE:AIR) last announced its quarterly earnings results on Monday, September 28th. The aerospace company reported $1.49 EPS for the quarter, beating 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 firm had revenue of $918.00 million during the quarter, compared to the consensus estimate of $878.81 million. During the same period last year, the firm earned $1.08 EPS. The business’s quarterly revenue was up 24.1% compared to the same quarter last year. Equities analysts forecast that AAR will post 5.92 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of AAR in the 2nd quarter worth approximately $925,068,000. Geode Capital Management LLC grew its position in shares of AAR by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 920,743 shares of the aerospace company’s stock worth $76,239,000 after buying an additional 78,810 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of AAR by 4.9% in the 1st quarter. Principal Financial Group Inc. now owns 675,686 shares of the aerospace company’s stock worth $73,961,000 after buying an additional 31,583 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in AAR during the 2nd quarter worth approximately $84,251,000. Finally, Emerald Advisers LLC grew its position in AAR by 6.3% during the 1st 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. Hedge funds and other institutional investors 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.