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

Shares of AAR Corp. (NYSE:AIR) have earned an average rating of “Buy” from the five research firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued a report on the stock in the last year is $81.00.

Several research firms recently issued reports on AIR. Benchmark reiterated a “buy” rating and issued a $83.00 price objective on shares of AAR in a report on Friday, October 4th. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price target on shares of AAR in a research report on Monday, November 4th. Finally, StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a report on Monday, October 21st.

AAR Price Performance

Shares of AIR opened at $69.22 on Friday. The firm has a 50-day simple moving average of $64.32 and a two-hundred day simple moving average of $66.52. The stock has a market cap of $2.49 billion, a PE ratio of 38.03 and a beta of 1.57. AAR has a 1-year low of $54.71 and a 1-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 the consensus estimate of $0.82 by $0.03. AAR had a net margin of 2.67% and a return on equity of 10.22%. The firm had revenue of $661.70 million during the quarter, compared to the consensus estimate of $645.60 million. During the same quarter last year, the firm earned $0.78 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, analysts forecast that AAR will post 3.63 EPS for the current year.

Institutional Trading of AAR

Hedge funds have recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in AAR during the 3rd quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its stake in AAR by 283.1% during the first quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 402 shares during the last quarter. Quest Partners LLC acquired a new position in AAR in the second quarter valued at approximately $33,000. Innealta Capital LLC purchased a new position in AAR in the second quarter valued at approximately $49,000. Finally, KBC Group NV raised its holdings in AAR by 32.9% during the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock worth $87,000 after purchasing an additional 328 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.