Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.