AAR Corp. (NYSE:AIR) Receives $89.33 Consensus Target Price from Analysts

AAR Corp. (NYSE:AIR) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $91.00.

A number of research analysts have issued reports on the stock. KeyCorp boosted their target price on shares of AAR from $86.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Zacks Research cut AAR from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada raised their price target on AAR from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AAR in a report on Tuesday. Finally, Wall Street Zen upgraded shares of AAR from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd.

Insider Buying and Selling

In related news, CEO John Mcclain Holmes III sold 38,462 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $83.50, for a total value of $3,211,577.00. Following the sale, the chief executive officer directly owned 260,141 shares in the company, valued at $21,721,773.50. The trade was a 12.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.60% of the company’s stock.

Institutional Trading of AAR

A number of hedge funds have recently bought and sold shares of AIR. CIBC Bancorp USA Inc. acquired a new position in AAR in the 3rd quarter worth approximately $341,000. Castleark Management LLC purchased a new position in AAR in the third quarter valued at about $7,550,000. CANADA LIFE ASSURANCE Co increased its holdings in AAR by 3.3% in the third quarter. CANADA LIFE ASSURANCE Co now owns 31,623 shares of the aerospace company’s stock worth $2,780,000 after buying an additional 997 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of AAR during the 3rd quarter worth $933,000. Finally, Dark Forest Capital Management LP acquired a new position in AAR during the third quarter worth $1,011,000. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Price Performance

Shares of AIR opened at $83.11 on Friday. The company has a current ratio of 2.91, a quick ratio of 1.31 and a debt-to-equity ratio of 0.82. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 106.55 and a beta of 1.53. AAR has a 52 week low of $46.51 and a 52 week high of $89.69. The stock has a 50 day moving average of $82.52 and a 200-day moving average of $75.14.

AAR (NYSE:AIR) last posted its quarterly earnings results on Wednesday, May 28th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter. AAR had a net margin of 1.01% and a return on equity of 12.29%. The company had revenue of $553.30 million for the quarter. As a group, analysts forecast that AAR will post 3.77 EPS for the current year.

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.