AAR Corp. (NYSE:AIR) Receives $83.50 Average PT from Analysts

AAR Corp. (NYSE:AIR) has been given an average rating of “Buy” by the five ratings firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $83.50.

AIR has been the subject of several recent research reports. StockNews.com raised shares of AAR from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Royal Bank of Canada reissued an “outperform” rating and set a $85.00 target price on shares of AAR in a research report on Tuesday, September 24th. Benchmark reaffirmed a “buy” rating and issued a $83.00 price target on shares of AAR in a research report on Friday, October 4th. Finally, Stifel Nicolaus lowered their price objective on AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, July 19th.

AAR Stock Down 0.5 %

AIR stock opened at $58.40 on Wednesday. The company has a 50 day moving average of $64.20 and a two-hundred day moving average of $66.74. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 32.41 and a beta of 1.55. AAR has a 12-month low of $54.71 and a 12-month high of $76.34. The company has a quick ratio of 1.45, a current ratio of 3.06 and a debt-to-equity ratio of 0.81.

AAR (NYSE:AIR) last released its quarterly earnings data on Monday, September 23rd. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. AAR had a return on equity of 10.22% and a net margin of 2.67%. The firm had revenue of $661.70 million during the quarter, compared to analysts’ expectations of $645.60 million. During the same quarter last year, the firm earned $0.78 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities analysts anticipate that AAR will post 3.63 earnings per share for the current fiscal year.

Institutional Trading of AAR

A number of hedge funds have recently bought and sold shares of the stock. First Eagle Investment Management LLC lifted its stake in AAR by 4.3% during the first quarter. First Eagle Investment Management LLC now owns 197,805 shares of the aerospace company’s stock worth $11,843,000 after purchasing an additional 8,170 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in AAR in the 1st quarter valued at $544,000. Blair William & Co. IL raised its stake in AAR by 902.9% during the first quarter. Blair William & Co. IL now owns 57,679 shares of the aerospace company’s stock worth $3,453,000 after acquiring an additional 51,928 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of AAR by 13.8% in the 1st quarter. Janus Henderson Group PLC now owns 530,682 shares of the aerospace company’s stock valued at $31,772,000 after purchasing an additional 64,274 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its holdings in shares of AAR by 205.0% in the 1st quarter. Kennedy Capital Management LLC now owns 79,393 shares of the aerospace company’s stock worth $4,753,000 after purchasing an additional 53,363 shares during the last quarter. 90.74% of the stock is owned by institutional investors.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.