AAR Corp. (NYSE:AIR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of AAR Corp. (NYSE:AIR) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $131.20.

A number of research firms have recently weighed in on AIR. Jefferies Financial Group upped their target price on AAR to $150.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th. Wall Street Zen downgraded AAR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. KeyCorp cut shares of AAR from an “overweight” rating to a “sector weight” rating in a research report on Tuesday. Truist Financial upgraded shares of AAR to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Royal Bank Of Canada raised their target price on shares of AAR from $105.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, March 25th.

Institutional Investors Weigh In On AAR

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of AAR in the 1st quarter valued at $25,000. McMillan Office Inc. acquired a new position in shares of AAR during the 4th quarter worth $25,000. Osterweis Capital Management Inc. acquired a new position in shares of AAR during the 2nd quarter worth $26,000. Morse Asset Management Inc bought a new stake in shares of AAR during the 3rd quarter worth $27,000. Finally, NBC Securities Inc. bought a new stake in shares of AAR during the 4th quarter worth $28,000. 90.74% of the stock is currently owned by institutional investors.

AAR Trading Up 0.0%

Shares of NYSE:AIR opened at $140.18 on Friday. The company has a market capitalization of $5.57 billion, a P/E ratio of 31.08 and a beta of 1.09. AAR has a 1 year low of $69.17 and a 1 year high of $146.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.70 and a quick ratio of 1.23. The business’s 50 day simple moving average is $119.80 and its 200 day simple moving average is $110.72.

AAR Company Profile

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.