AAR Corp. (NYSE:AIR) Receives $80.80 Average Price Target from Analysts

Shares of AAR Corp. (NYSE:AIR) have been given an average recommendation of “Buy” by the five brokerages that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $80.80.

A number of analysts have recently issued reports on the stock. Truist Financial lowered their target price on shares of AAR from $81.00 to $78.00 and set a “buy” rating for the company in a research note on Friday. KeyCorp started coverage on shares of AAR in a research report on Thursday, January 16th. They issued an “overweight” rating and a $83.00 price target for the company. Finally, StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research report on Saturday.

Insider Activity at AAR

In related news, CFO Sean M. Gillen sold 17,385 shares of AAR stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $66.33, for a total transaction of $1,153,147.05. Following the completion of the transaction, the chief financial officer now directly owns 72,326 shares in the company, valued at approximately $4,797,383.58. This trade represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jessica A. Garascia sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $66.90, for a total transaction of $100,350.00. Following the sale, the chief accounting officer now directly owns 37,565 shares in the company, valued at $2,513,098.50. The trade was a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,793 shares of company stock valued at $12,538,396 in the last three months. 4.10% of the stock is owned by insiders.

Institutional Investors Weigh In On AAR

Several hedge funds have recently modified their holdings of AIR. National Bank of Canada FI acquired a new position in AAR during the third quarter worth $25,000. Putney Financial Group LLC purchased a new position in AAR during the fourth quarter worth approximately $30,000. Virtus Fund Advisers LLC purchased a new stake in AAR in the 4th quarter valued at $36,000. Sterling Capital Management LLC raised its stake in AAR by 761.2% during the fourth quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company’s stock worth $54,000 after purchasing an additional 784 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of AAR by 124.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company’s stock worth $62,000 after buying an additional 561 shares during the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Stock Performance

AAR stock opened at $57.14 on Friday. The company has a market cap of $2.05 billion, a PE ratio of 204.08 and a beta of 1.58. AAR has a twelve month low of $54.71 and a twelve month high of $76.34. The company’s 50-day moving average price is $66.69 and its 200-day moving average price is $65.45. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84.

AAR (NYSE:AIR) last announced its earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. AAR had a net margin of 0.41% and a return on equity of 10.46%. The business had revenue of $678.20 million for the quarter, compared to the consensus estimate of $699.13 million. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, equities research analysts forecast that AAR will post 3.77 EPS for the current fiscal year.

AAR Company Profile

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.