AAR Corp. (NYSE:AIR) Receives $91.00 Consensus PT from Brokerages

by · The Cerbat Gem

AAR Corp. (NYSE:AIR – Get Free Report) has earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $93.25.

Several equities analysts have weighed in on the company. KeyCorp raised their price objective on AAR from $86.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Wall Street Zen upgraded shares of AAR from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Zacks Research cut shares of AAR from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAR in a research report on Monday. Finally, Royal Bank Of Canada increased their price objective on shares of AAR from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th.

Read Our Latest Stock Analysis on AAR

Insider Activity

In other AAR news, CEO John Mcclain Holmes III sold 38,462 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $83.50, for a total transaction of $3,211,577.00. Following the sale, the chief executive officer owned 260,141 shares in the company, valued at $21,721,773.50. This represents a 12.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.60% of the stock is currently owned by insiders.

Institutional Trading of AAR

Institutional investors and hedge funds have recently modified their holdings of the business. Osterweis Capital Management Inc. purchased a new position in shares of AAR during the second quarter worth approximately $26,000. Morse Asset Management Inc bought a new position in shares of AAR during the 3rd quarter valued at $27,000. Salomon & Ludwin LLC purchased a new position in AAR in the 3rd quarter worth $30,000. Optiver Holding B.V. bought a new stake in AAR in the third quarter worth $31,000. Finally, Westfuller Advisors LLC purchased a new stake in AAR during the third quarter valued at about $39,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.

AAR Stock Up 0.9%

Shares of AIR opened at $81.93 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.31 and a current ratio of 2.91. AAR has a 52 week low of $46.51 and a 52 week high of $89.69. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 105.04 and a beta of 1.29. The stock has a fifty day moving average of $82.40 and a 200-day moving average of $77.32.

AAR (NYSE:AIR – Get Free Report) last posted its earnings results on Wednesday, May 28th. The aerospace company reported $0.83 EPS for the quarter. The business had revenue of $553.30 million for the quarter. AAR had a net margin of 1.01% and a return on equity of 12.29%. As a group, sell-side analysts anticipate that AAR will post 3.77 earnings per share for the current fiscal year.

AAR Company Profile

(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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