Brokerages Set $32.00 Price Target for AAR Corp. (AIR)
AAR Corp. (NYSE:AIR) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price objective of $32.00 for the company and are forecasting that the company will post $0.35 EPS for the current quarter, according to Zacks. Zacks has also given AAR Corp. an industry rank of 114 out of 265 based on the ratings given to related companies.
Several research firms recently commented on AIR. Zacks Investment Research downgraded AAR Corp. from a “hold” rating to a “strong sell” rating in a research note on Friday, July 15th. TheStreet downgraded AAR Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 26th. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $74.00 price objective on shares of AAR Corp. in a research note on Tuesday, October 11th.
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Shares of AAR Corp. (NYSE:AIR) traded up 2.458% during trading on Monday, hitting $31.465. The stock had a trading volume of 126,636 shares. The firm’s 50 day moving average is $28.86 and its 200 day moving average is $25.04. The company has a market cap of $1.07 billion, a PE ratio of 31.847 and a beta of 1.63. AAR Corp. has a 1-year low of $18.36 and a 1-year high of $32.15.
AAR Corp. (NYSE:AIR) last released its earnings results on Thursday, September 22nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. The company earned $404.80 million during the quarter. AAR Corp. had a return on equity of 4.70% and a net margin of 2.03%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. Equities research analysts anticipate that AAR Corp. will post $1.44 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Monday, October 24th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Thursday, October 20th. This represents a $0.30 annualized dividend and a yield of 0.98%. AAR Corp.’s payout ratio is 30.00%.
In other AAR Corp. news, VP Robert J. Regan sold 14,002 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of €30.92 ($33.98), for a total transaction of €432,941.84 ($475,760.26). Following the sale, the vice president now owns 141,314 shares in the company, valued at €4,369,428.88 ($4,801,570.20). The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Peter Pace sold 5,000 shares of the stock in a transaction on Monday, September 26th. The stock was sold at an average price of €29.13 ($32.01), for a total value of €145,650.00 ($160,054.95). Following the sale, the director now owns 20,048 shares in the company, valued at approximately €583,998.24 ($641,756.31). The disclosure for this sale can be found here. 8.23% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in AAR Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 2,620,966 shares of the company’s stock valued at $61,174,000 after buying an additional 67,521 shares in the last quarter. BlackRock Fund Advisors increased its stake in AAR Corp. by 1.8% in the second quarter. BlackRock Fund Advisors now owns 2,450,071 shares of the company’s stock valued at $57,185,000 after buying an additional 43,767 shares in the last quarter. Fisher Asset Management LLC increased its stake in AAR Corp. by 5.1% in the third quarter. Fisher Asset Management LLC now owns 1,117,699 shares of the company’s stock valued at $35,006,000 after buying an additional 53,836 shares in the last quarter. Deprince Race & Zollo Inc. increased its stake in AAR Corp. by 210.1% in the second quarter. Deprince Race & Zollo Inc. now owns 1,002,162 shares of the company’s stock valued at $23,390,000 after buying an additional 678,993 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in AAR Corp. by 2.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 876,564 shares of the company’s stock valued at $20,398,000 after buying an additional 21,800 shares in the last quarter. Hedge funds and other institutional investors own 88.19% of the company’s stock.
About AAR Corp.
AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.
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