AAR Corp. (NYSE:AIR) Receives $135.60 Consensus Price Target from Analysts

Shares of AAR Corp. (NYSE:AIR) have received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $135.60.

Several equities research analysts have weighed in on AIR shares. Zacks Research upgraded shares of AAR from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. KeyCorp reiterated a “sector weight” rating on shares of AAR in a report on Wednesday, July 22nd. Wall Street Zen downgraded shares of AAR from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings raised shares of AAR from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Finally, Jefferies Financial Group lifted their target price on shares of AAR from $150.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, July 14th.

Institutional Trading of AAR

Institutional investors and hedge funds have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of AAR during the 1st quarter valued at approximately $25,000. Optiver Holding B.V. increased its holdings in AAR by 218.6% in the 1st quarter. Optiver Holding B.V. now owns 274 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 188 shares in the last quarter. McMillan Office Inc. acquired a new position in AAR during the fourth quarter worth $25,000. Morse Asset Management Inc acquired a new position in AAR during the third quarter worth $27,000. Finally, Danske Bank A S purchased a new position in AAR during the fourth quarter valued at $28,000. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

AAR Trading Up 0.4%

NYSE AIR opened at $140.00 on Wednesday. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 28.98 and a beta of 1.09. AAR has a one year low of $71.43 and a one year high of $146.75. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.24 and a current ratio of 2.84. The company’s 50-day simple moving average is $130.00 and its two-hundred day simple moving average is $117.66.

AAR (NYSE:AIR) last posted its earnings results on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.15. The company had revenue of $928.00 million during the quarter, compared to analyst estimates of $893.03 million. AAR had a return on equity of 12.67% and a net margin of 5.67%.AAR’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 earnings per share. Equities analysts forecast that AAR will post 5.92 EPS for the current fiscal year.

About AAR

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.