AAR Corp. (NYSE:AIR) Receives $83.50 Average Target Price from Analysts

Shares of AAR Corp. (NYSE:AIR) have received a consensus rating of “Buy” from the five research firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $83.50.

A number of analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of AAR from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Stifel Nicolaus dropped their target price on AAR from $86.00 to $85.00 and set a “buy” rating for the company in a report on Friday, July 19th. Finally, StockNews.com lowered AAR from a “hold” rating to a “sell” rating in a research note on Wednesday.

Institutional Investors Weigh In On AAR

Hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Bank grew its holdings in shares of AAR by 0.9% during the fourth quarter. Comerica Bank now owns 17,601 shares of the aerospace company’s stock worth $1,098,000 after purchasing an additional 152 shares during the last quarter. Global Financial Private Client LLC grew its holdings in AAR by 4.0% during the 2nd quarter. Global Financial Private Client LLC now owns 5,838 shares of the aerospace company’s stock worth $424,000 after acquiring an additional 225 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in AAR by 43.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock valued at $57,000 after acquiring an additional 234 shares in the last quarter. Truist Financial Corp raised its stake in shares of AAR by 3.4% in the second quarter. Truist Financial Corp now owns 9,040 shares of the aerospace company’s stock worth $657,000 after acquiring an additional 296 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of AAR by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 16,700 shares of the aerospace company’s stock worth $1,214,000 after purchasing an additional 300 shares in the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

AAR Price Performance

Shares of NYSE:AIR opened at $67.64 on Tuesday. The firm has a market capitalization of $2.42 billion, a PE ratio of 39.79 and a beta of 1.55. The company has a current ratio of 2.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.83. AAR has a 1-year low of $54.71 and a 1-year high of $76.34. The business’s 50 day moving average is $65.58 and its 200-day moving average is $66.50.

AAR (NYSE:AIR) last posted its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. AAR had a net margin of 2.00% and a return on equity of 10.16%. The firm had revenue of $656.50 million for the quarter, compared to the consensus estimate of $660.05 million. During the same quarter in the previous year, the company earned $0.83 earnings per share. The business’s revenue was up 18.7% compared to the same quarter last year. Sell-side analysts predict that AAR will post 3.74 earnings per share for the current year.

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.