Brokerages Set AAR Corp. (NYSE:AIR) Target Price at $80.20

AAR Corp. (NYSE:AIRGet Free Report) has earned an average rating of “Buy” from the five brokerages that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $80.20.

A number of equities analysts recently commented on AIR shares. Truist Financial reduced their price objective on AAR from $81.00 to $78.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. KeyCorp cut their price target on shares of AAR from $83.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Finally, Wall Street Zen upgraded AAR from a “sell” rating to a “hold” rating in a research report on Saturday, April 19th.

View Our Latest Analysis on AIR

AAR Price Performance

Shares of AIR opened at $68.49 on Wednesday. The company has a market capitalization of $2.47 billion, a P/E ratio of 244.62 and a beta of 1.43. The business’s 50-day moving average is $58.86 and its two-hundred day moving average is $62.90. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. AAR has a fifty-two week low of $46.51 and a fifty-two week high of $76.34.

AAR (NYSE:AIRGet Free Report) last announced 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 during the quarter, compared to analysts’ expectations of $699.13 million. During the same period last year, the business earned $0.85 earnings per share. AAR’s quarterly revenue was up 19.5% on a year-over-year basis. Research analysts predict that AAR will post 3.77 earnings per share for the current year.

Institutional Trading of AAR

Several institutional investors and hedge funds have recently bought and sold shares of AIR. Hughes Financial Services LLC acquired a new stake in shares of AAR during the first quarter worth about $28,000. Putney Financial Group LLC purchased a new position in shares of AAR in the 4th quarter valued at approximately $30,000. Virtus Fund Advisers LLC acquired a new position in shares of AAR in the fourth quarter valued at approximately $36,000. Virtus Advisers LLC acquired a new position in AAR in the 1st quarter valued at $47,000. Finally, Sterling Capital Management LLC increased its position in AAR by 761.2% during the 4th quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company’s stock worth $54,000 after purchasing an additional 784 shares during the period. Hedge funds and other institutional investors own 90.74% of the company’s stock.

About AAR

(Get Free Report

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.

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Analyst Recommendations for AAR (NYSE:AIR)

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