AAR Corp. (NYSE:AIR - Get Free Report) has received a consensus recommendation of "Buy" from the five analysts that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $80.20.
A number of research firms recently weighed in on AIR. Wall Street Zen raised shares of AAR from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. KeyCorp cut their price objective on shares of AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Finally, Truist Financial dropped their target price on AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a research report on Friday, March 28th.
Check Out Our Latest Stock Report on AIR
Institutional Investors Weigh In On AAR
A number of institutional investors have recently modified their holdings of AIR. Hughes Financial Services LLC acquired a new stake in AAR in the 1st quarter valued at $28,000. Putney Financial Group LLC purchased a new stake in AAR in the 4th quarter valued at $30,000. Virtus Fund Advisers LLC purchased a new position in shares of AAR during the 4th quarter worth $36,000. Virtus Advisers LLC acquired a new stake in AAR during the first quarter worth about $47,000. Finally, Sterling Capital Management LLC boosted its holdings in AAR by 761.2% in the 4th quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company's stock valued at $54,000 after purchasing an additional 784 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.
AAR Trading Down 0.6%
Shares of AIR traded down $0.37 during mid-day trading on Friday, reaching $59.99. 17,752 shares of the company's stock traded hands, compared to its average volume of 274,423. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. The stock's 50-day moving average is $57.89 and its two-hundred day moving average is $63.14. AAR has a 12 month low of $46.51 and a 12 month high of $76.34. The stock has a market cap of $2.17 billion, a P/E ratio of 214.26 and a beta of 1.40.
AAR (NYSE:AIR - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.03. AAR had a net margin of 0.41% and a return on equity of 10.46%. The company had revenue of $678.20 million during the quarter, compared to analyst estimates of $699.13 million. During the same quarter last year, the business posted $0.85 EPS. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. Research analysts forecast that AAR will post 3.77 earnings per share for the current fiscal year.
About AAR
(
Get Free ReportAAR 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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