AAR (NYSE:AIR) had its target price upped by investment analysts at SunTrust Banks to $50.00 in a report issued on Monday, The Fly reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. SunTrust Banks’ target price suggests a potential upside of 21.48% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Noble Financial reiterated a “buy” rating on shares of AAR in a research report on Friday, August 11th. Canaccord Genuity assumed coverage on shares of AAR in a research report on Wednesday, September 6th. They set a “hold” rating and a $40.00 target price on the stock. Zacks Investment Research upgraded shares of AAR from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, Seaport Global Securities assumed coverage on shares of AAR in a research report on Tuesday, September 12th. They set a “neutral” rating and a $39.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. AAR has an average rating of “Hold” and an average target price of $42.25.

AAR (NYSE:AIR) opened at $41.16 on Monday. AAR has a 1 year low of $31.20 and a 1 year high of $41.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.90 and a quick ratio of 1.38. The firm has a market cap of $1,425.05, a price-to-earnings ratio of 27.81 and a beta of 1.34.

AAR (NYSE:AIR) last posted its quarterly earnings data on Tuesday, September 19th. The aerospace company reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. AAR had a net margin of 3.20% and a return on equity of 5.66%. The firm had revenue of $439.20 million for the quarter, compared to analyst estimates of $410.52 million. During the same period last year, the firm posted $0.29 EPS. AAR’s quarterly revenue was up 8.5% on a year-over-year basis. equities analysts anticipate that AAR will post 1.81 earnings per share for the current year.

In other AAR news, Director Ronald R. Fogleman sold 3,000 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $33.47, for a total transaction of $100,410.00. Following the sale, the director now directly owns 23,406 shares in the company, valued at approximately $783,398.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.33% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. State Board of Administration of Florida Retirement System boosted its position in shares of AAR by 0.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 33,488 shares of the aerospace company’s stock worth $1,164,000 after purchasing an additional 93 shares in the last quarter. Anchor Capital Advisors LLC raised its stake in shares of AAR by 0.6% during the 2nd quarter. Anchor Capital Advisors LLC now owns 26,613 shares of the aerospace company’s stock worth $925,000 after buying an additional 150 shares during the last quarter. Texas Permanent School Fund raised its stake in shares of AAR by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 23,309 shares of the aerospace company’s stock worth $810,000 after buying an additional 195 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of AAR by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,262 shares of the aerospace company’s stock worth $148,000 after buying an additional 639 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of AAR by 6.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,960 shares of the aerospace company’s stock worth $381,000 after buying an additional 680 shares during the last quarter. Institutional investors own 87.90% of the company’s stock.

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About AAR

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.

The Fly

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