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AAR Corp. (NYSE:AIR) has been given an “A-” credit rating by analysts at Morningstar. The firm’s “A-” rating indicates that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a four star rating.

Separately, analysts at DA Davidson raised their price target on shares of AAR Corp. from $34.00 to $36.00 in a research note on Thursday, July 17th. They now have a “buy” rating on the stock.

Shares of AAR Corp. (NYSE:AIR) traded up 2.59% on Monday, hitting $27.70. 190,978 shares of the company’s stock traded hands. AAR Corp. has a 52-week low of $23.74 and a 52-week high of $31.55. The stock’s 50-day moving average is $27.12 and its 200-day moving average is $26.93. The company has a market cap of $1.069 billion and a price-to-earnings ratio of 14.75.

AAR Corp. (NYSE:AIR) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.02. The company had revenue of $505.40 million for the quarter, compared to the consensus estimate of $510.45 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was down 8.7% on a year-over-year basis. On average, analysts predict that AAR Corp. will post $1.87 earnings per share for the current fiscal year.

AAR CORP. is a diversified provider of products and services to the worldwide commercial aviation and government and defense markets.

To view more credit ratings from Morningstar, visit www.morningstar.com.

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