AAR (NYSE:AIR) Rating Increased to Hold at StockNews.com

AAR (NYSE:AIR) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Several other research analysts have also recently weighed in on AIR. Stifel Nicolaus dropped their price objective on shares of AAR from $86.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Benchmark restated a “buy” rating and set a $83.00 target price on shares of AAR in a research report on Friday, October 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $85.00 price target on shares of AAR in a report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, AAR has a consensus rating of “Moderate Buy” and a consensus target price of $83.50.

AAR Trading Down 1.8 %

AIR stock opened at $61.67 on Monday. The business has a fifty day moving average price of $64.54 and a 200 day moving average price of $66.86. 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 has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 36.28 and a beta of 1.55.

AAR (NYSE:AIR) last announced 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 company had revenue of $661.70 million during the quarter, compared to analyst estimates of $645.60 million. AAR had a return on equity of 10.22% and a net margin of 2.67%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted $0.78 earnings per share. Analysts expect that AAR will post 3.63 EPS for the current fiscal year.

Hedge Funds Weigh In On AAR

Hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its stake in AAR by 283.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 402 shares during the last quarter. Quest Partners LLC acquired a new stake in AAR in the second quarter worth $33,000. Innealta Capital LLC bought a new position in shares of AAR during the second quarter worth $49,000. Geneos Wealth Management Inc. acquired a new position in shares of AAR in the 1st quarter valued at $63,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of AAR by 348.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,416 shares of the aerospace company’s stock valued at $103,000 after buying an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

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.