AAR Corp. (NYSE:AIR) Receives $80.20 Average PT from Analysts

AAR Corp. (NYSE:AIR) has been assigned a consensus recommendation of “Buy” from the five brokerages that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $80.20.

Several brokerages recently commented on AIR. StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a report on Saturday, April 19th. KeyCorp cut their target price on AAR from $83.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Finally, Truist Financial decreased their price target on AAR from $81.00 to $78.00 and set a “buy” rating for the company in a research note on Friday, March 28th.

AAR Trading Up 0.4 %

Shares of AIR stock opened at $52.83 on Tuesday. The company has a market cap of $1.91 billion, a PE ratio of 188.69 and a beta of 1.32. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. The stock’s 50 day simple moving average is $59.81 and its two-hundred day simple moving average is $63.41. AAR has a 1 year low of $46.51 and a 1 year high of $76.34.

AAR (NYSE:AIR) last released its quarterly earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. AAR had a return on equity of 10.46% and a net margin of 0.41%. The company had revenue of $678.20 million for the quarter, compared to analyst estimates of $699.13 million. During the same quarter in the prior year, the firm posted $0.85 EPS. AAR’s quarterly revenue was up 19.5% compared to the same quarter last year. Research analysts predict that AAR will post 3.77 earnings per share for the current year.

Hedge Funds Weigh In On AAR

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in AAR by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 3,840,885 shares of the aerospace company’s stock worth $235,369,000 after purchasing an additional 58,694 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of AAR by 8.7% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,441,154 shares of the aerospace company’s stock worth $88,314,000 after buying an additional 115,476 shares during the period. Invesco Ltd. grew its position in shares of AAR by 13.5% during the 4th quarter. Invesco Ltd. now owns 1,070,618 shares of the aerospace company’s stock worth $65,607,000 after buying an additional 127,148 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of AAR by 13.4% during the third quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company’s stock valued at $59,591,000 after buying an additional 114,460 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of AAR by 2.4% in the fourth quarter. American Century Companies Inc. now owns 893,822 shares of the aerospace company’s stock valued at $54,773,000 after acquiring an additional 20,794 shares in the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.