AAR Corp. (AIR) Given Average Recommendation of “Buy” by Brokerages
AAR Corp. (NYSE:AIR) has been given a consensus rating of “Buy” by the six research firms that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have covered the stock in the last year is $46.80.
A number of brokerages have recently issued reports on AIR. Noble Financial assumed coverage on AAR Corp. in a research note on Monday, April 3rd. They set a “buy” rating and a $40.00 price objective on the stock. Zacks Investment Research raised AAR Corp. from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Wednesday, June 7th.
In related news, VP John Mcclain Holmes III sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $34.10, for a total transaction of $170,500.00. Following the transaction, the vice president now directly owns 129,030 shares of the company’s stock, valued at approximately $4,399,923. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony Anderson sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $35.21, for a total value of $123,235.00. The disclosure for this sale can be found here. 8.23% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can raised its position in AAR Corp. by 10.1% in the first quarter. Bank of Montreal Can now owns 3,371 shares of the aerospace company’s stock worth $114,000 after buying an additional 309 shares during the last quarter. State of Alaska Department of Revenue raised its position in AAR Corp. by 0.9% in the first quarter. State of Alaska Department of Revenue now owns 3,520 shares of the aerospace company’s stock worth $118,000 after buying an additional 30 shares during the last quarter. Victory Capital Management Inc. raised its position in AAR Corp. by 15.9% in the first quarter. Victory Capital Management Inc. now owns 3,623 shares of the aerospace company’s stock worth $122,000 after buying an additional 496 shares during the last quarter. FNY Partners Fund LP acquired a new position in AAR Corp. during the first quarter worth $127,000. Finally, BNP Paribas Arbitrage SA raised its position in AAR Corp. by 12.2% in the first quarter. BNP Paribas Arbitrage SA now owns 6,579 shares of the aerospace company’s stock worth $221,000 after buying an additional 715 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.
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AAR Corp. (NYSE:AIR) traded up 0.71% during mid-day trading on Monday, hitting $35.43. 28,959 shares of the stock were exchanged. AAR Corp. has a 12-month low of $21.78 and a 12-month high of $38.75. The stock has a market capitalization of $1.19 billion, a P/E ratio of 25.88 and a beta of 1.41. The firm has a 50-day moving average price of $34.99 and a 200-day moving average price of $34.34.
AAR Corp. (NYSE:AIR) last announced its quarterly earnings data on Tuesday, March 21st. The aerospace company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. AAR Corp. had a return on equity of 5.32% and a net margin of 2.73%. The company had revenue of $446.70 million for the quarter, compared to analysts’ expectations of $421.60 million. During the same quarter in the prior year, the business posted $0.26 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. Equities analysts predict that AAR Corp. will post $1.46 earnings per share for the current fiscal year.
AAR Corp. Company Profile
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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