AAR Corp. (NYSE:AIR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

AAR Corp. (NYSE:AIR) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $131.20.

Several research analysts have issued reports on the company. Royal Bank Of Canada boosted their target price on AAR from $105.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, March 25th. Weiss Ratings downgraded AAR from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Wall Street Zen lowered AAR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Zacks Research cut AAR from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Jefferies Financial Group upped their price objective on AAR to $150.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th.

AAR Trading Down 0.4%

Shares of AIR traded down $0.49 during midday trading on Friday, hitting $136.08. The stock had a trading volume of 259,740 shares, compared to its average volume of 482,815. The stock’s 50 day moving average is $122.58 and its 200 day moving average is $112.65. The firm has a market cap of $5.41 billion, a PE ratio of 30.17 and a beta of 1.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.70 and a quick ratio of 1.23. AAR has a 1 year low of $71.43 and a 1 year high of $146.75.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. bought a new position in AAR in the 1st quarter worth about $25,000. McMillan Office Inc. bought a new stake in AAR during the 4th quarter valued at $25,000. Osterweis Capital Management Inc. bought a new stake in AAR during the 2nd quarter valued at $26,000. Morse Asset Management Inc purchased a new stake in shares of AAR in the 3rd quarter worth $27,000. Finally, NBC Securities Inc. purchased a new stake in shares of AAR in the 4th quarter worth $28,000. 90.74% of the stock is currently owned by institutional investors.

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.