AAR (NYSE:AIR) Stock Rating Raised to “Buy” at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of AAR (NYSE:AIR – Free Report) from a hold rating to a buy rating in a report published on Saturday,Wall Street Zen reports.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $145.00 target price on shares of AAR in a research note on Monday, September 28th. Guggenheim reiterated a “neutral” rating on shares of AAR in a research report on Tuesday. Truist Financial raised their price target on shares of AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Weiss Ratings lowered shares of AAR from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. Finally, Jefferies Financial Group upped their price objective on shares of AAR from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $140.60.

Get Our Latest Stock Report on AIR

AAR Price Performance

NYSE:AIR opened at $102.47 on Friday. The stock has a 50 day moving average of $129.82 and a two-hundred day moving average of $123.66. AAR has a 12 month low of $76.10 and a 12 month high of $154.00. The firm has a market cap of $4.12 billion, a P/E ratio of 21.00 and a beta of 1.13. The company has a current ratio of 2.83, a quick ratio of 1.24 and a debt-to-equity ratio of 0.50.

AAR (NYSE:AIR – Get Free Report) last released its earnings results on Monday, September 28th. The aerospace company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.19. The business had revenue of $918.00 million for the quarter, compared to the consensus estimate of $878.81 million. AAR had a return on equity of 12.99% and a net margin of 5.55%.The business’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 earnings per share. On average, analysts expect that AAR will post 5.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AAR

Several hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in AAR by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 8,073 shares of the aerospace company’s stock valued at $884,000 after buying an additional 132 shares in the last quarter. Sheets Smith Wealth Management raised its holdings in AAR by 2.0% during the second quarter. Sheets Smith Wealth Management now owns 7,669 shares of the aerospace company’s stock worth $1,096,000 after purchasing an additional 148 shares during the last quarter. Assetmark Inc. boosted its position in AAR by 10.7% during the first quarter. Assetmark Inc. now owns 1,606 shares of the aerospace company’s stock worth $176,000 after purchasing an additional 155 shares in the last quarter. Nilsine Partners LLC boosted its position in AAR by 4.8% during the second quarter. Nilsine Partners LLC now owns 3,582 shares of the aerospace company’s stock worth $512,000 after purchasing an additional 163 shares in the last quarter. Finally, Optiver Holding B.V. grew its holdings in AAR by 218.6% in the first quarter. Optiver Holding B.V. now owns 274 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 188 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

About AAR

(Get Free Report)

AAR Corp. is a global aviation services company headquartered in Wood Dale, Illinois. The company supports commercial airlines, government and defense organizations, and original equipment manufacturers through aftermarket aviation products and services.

AAR’s aviation activities include the distribution and sale of aircraft parts, maintenance, repair and overhaul services, component repair, engineering support, and supply-chain management. Its parts and services support a range of commercial, government, and military aircraft, helping customers maintain aircraft availability and operational readiness.

The company also provides expeditionary and mobility-related products and services for government customers, including systems and equipment used to support transportation and logistics operations.

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