AAR Corp. (NYSE:AIR) Receives Average Rating of “Buy” from Analysts

AAR Corp. (NYSE:AIR) has received a consensus recommendation of “Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $81.00.

AIR has been the topic of a number of research reports. Benchmark reissued a “buy” rating and issued a $83.00 target price on shares of AAR in a research note on Friday, October 4th. StockNews.com raised AAR from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price target on shares of AAR in a research report on Monday, November 4th.

AAR Price Performance

Shares of AAR stock opened at $60.59 on Thursday. The stock has a market capitalization of $2.18 billion, a P/E ratio of 33.29 and a beta of 1.59. The company has a current ratio of 3.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81. The business’s fifty day moving average price is $64.66 and its 200 day moving average price is $66.06. AAR has a twelve month low of $54.71 and a twelve month high of $76.34.

AAR (NYSE:AIR) last posted its earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $661.70 million during the quarter, compared to the consensus estimate of $645.60 million. AAR had a net margin of 2.67% and a return on equity of 10.22%. The company’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. As a group, research analysts anticipate that AAR will post 3.63 earnings per share for the current year.

Institutional Trading of AAR

Hedge funds and other institutional investors have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. raised its position in shares of AAR by 48.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 8,395 shares of the aerospace company’s stock valued at $610,000 after purchasing an additional 2,743 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in AAR by 40.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,488 shares of the aerospace company’s stock valued at $108,000 after acquiring an additional 428 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of AAR by 1.8% in the 2nd 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 during the last quarter. Bank of New York Mellon Corp raised its stake in shares of AAR by 37.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 421,770 shares of the aerospace company’s stock valued at $30,663,000 after purchasing an additional 115,330 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of AAR by 41.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 551,439 shares of the aerospace company’s stock worth $40,090,000 after purchasing an additional 160,363 shares during the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

About AAR

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.