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

AAR Corp. (NYSE:AIR) has received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $135.60.

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of AAR from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Jefferies Financial Group boosted 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. Weiss Ratings raised AAR from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Truist Financial raised their target price on AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Finally, Zacks Research raised AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th.

Institutional Trading of AAR

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. bought a new position in shares of AAR in the 1st quarter worth approximately $25,000. Global Retirement Partners LLC purchased a new stake in AAR in the second quarter worth $39,000. Optiver Holding B.V. grew its stake in AAR by 218.6% in the first quarter. Optiver Holding B.V. now owns 274 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 188 shares during the period. McMillan Office Inc. bought a new position in AAR in the fourth quarter worth $25,000. Finally, Morse Asset Management Inc bought a new stake in AAR during the third quarter worth about $27,000. Institutional investors own 90.74% of the company’s stock.

AAR Stock Down 1.9%

Shares of AAR stock opened at $133.36 on Friday. The stock’s 50-day moving average is $138.84 and its 200 day moving average is $122.79. AAR has a one year low of $73.05 and a one year high of $154.00. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 27.61 and a beta of 1.11. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.84 and a quick ratio of 1.24.

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

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.