AAR Corp. (NYSE:AIR) Receives $81.00 Average Price Target from Analysts

Shares of AAR Corp. (NYSE:AIR) have been given an average recommendation of “Buy” by the four research firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $81.00.

Several equities analysts recently commented on the company. Benchmark restated a “buy” rating and set a $83.00 target price on shares of AAR in a research report on Friday, October 4th. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of AAR in a report on Monday, November 4th. Finally, StockNews.com raised shares of AAR from a “sell” rating to a “hold” rating in a report on Monday, October 21st.

AAR Stock Performance

Shares of AIR opened at $60.57 on Thursday. The company has a 50-day moving average of $64.63 and a two-hundred day moving average of $65.90. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 33.28 and a beta of 1.59. AAR has a one year low of $54.71 and a one year high of $76.34. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.06 and a quick ratio of 1.45.

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

Hedge Funds Weigh In On AAR

Large investors have recently modified their holdings of the stock. Westwood Holdings Group Inc. bought a new stake in AAR during the 2nd quarter worth about $77,754,000. American Century Companies Inc. raised its stake in shares of AAR by 1,956.5% during the second quarter. American Century Companies Inc. now owns 909,953 shares of the aerospace company’s stock worth $66,154,000 after buying an additional 865,705 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in AAR by 32.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 732,957 shares of the aerospace company’s stock valued at $47,906,000 after buying an additional 181,518 shares during the period. Thrivent Financial for Lutherans boosted its stake in AAR by 83.6% in the second quarter. Thrivent Financial for Lutherans now owns 297,482 shares of the aerospace company’s stock valued at $21,627,000 after acquiring an additional 135,445 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its holdings in AAR by 20.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company’s stock worth $51,652,000 after acquiring an additional 134,215 shares during the period. 90.74% of the stock is currently owned by institutional investors and hedge funds.

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.