AAR Corp. (NYSE:AIR) Stock Has Consensus Target Price of $140.60

Shares of AAR Corp. (NYSE:AIR) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $140.60.

A number of equities analysts recently weighed in on AIR shares. KeyCorp restated a “sector weight” rating on shares of AAR in a report on Wednesday, July 22nd. Zacks Research cut AAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $145.00 price target on shares of AAR in a research report on Monday, September 28th. Guggenheim reiterated a “neutral” rating on shares of AAR in a research note on Tuesday, September 29th. Finally, Wall Street Zen raised shares of AAR from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd.

Institutional Investors Weigh In On AAR

Institutional investors have recently made changes to their positions in the stock. New England Research & Management Inc. raised its holdings in AAR by 79.7% in the 3rd quarter. New England Research & Management Inc. now owns 19,225 shares of the aerospace company’s stock valued at $1,951,000 after acquiring an additional 8,525 shares in the last quarter. GAMMA Investing LLC increased its position in shares of AAR by 35.0% in the third quarter. GAMMA Investing LLC now owns 1,554 shares of the aerospace company’s stock worth $158,000 after purchasing an additional 403 shares during the period. Farther Finance Advisors LLC lifted its position in AAR by 191.2% during the third quarter. Farther Finance Advisors LLC now owns 495 shares of the aerospace company’s stock worth $50,000 after purchasing an additional 325 shares during the period. Artemis Investment Management LLP raised its position in shares of AAR by 1,031.6% in the 3rd quarter. Artemis Investment Management LLP now owns 229,783 shares of the aerospace company’s stock valued at $23,316,000 after buying an additional 209,477 shares in the last quarter. Finally, Byrne Asset Management LLC acquired a new position in shares of AAR in the 3rd quarter valued at approximately $154,000. 90.74% of the stock is currently owned by institutional investors.

AAR Trading Up 0.6%

AIR stock opened at $98.53 on Monday. The company has a market cap of $3.96 billion, a P/E ratio of 20.19 and a beta of 1.13. The company has a quick ratio of 1.28, a current ratio of 2.83 and a debt-to-equity ratio of 0.50. AAR has a twelve month low of $76.10 and a twelve month high of $154.00. The business has a fifty day moving average of $121.40 and a 200-day moving average of $123.09.

AAR (NYSE:AIR) last released its quarterly earnings data on Monday, September 28th. The aerospace company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.19. AAR had a return on equity of 12.99% and a net margin of 5.55%. The business had revenue of $918.00 million during the quarter, compared to the consensus estimate of $878.81 million. During the same quarter in the prior year, the company posted $1.08 earnings per share. The firm’s revenue was up 24.1% on a year-over-year basis. As a group, equities research analysts expect that AAR will post 5.89 EPS for the current year.

About AAR

AAR Corp. is a global aviation services company headquartered in Wood Dale, Illinois. The company supports commercial airlines, government and defense organizations, and original equipment manufacturers through aftermarket aviation products and services.

AAR’s aviation activities include the distribution and sale of aircraft parts, maintenance, repair and overhaul services, component repair, engineering support, and supply-chain management. Its parts and services support a range of commercial, government, and military aircraft, helping customers maintain aircraft availability and operational readiness.

The company also provides expeditionary and mobility-related products and services for government customers, including systems and equipment used to support transportation and logistics operations.