AAR (AIR) Earns “Buy” Rating from Noble Financial
Other research analysts have also recently issued reports about the company. SunTrust Banks increased their price target on AAR to $50.00 and gave the company a buy rating in a research note on Monday, December 4th. Canaccord Genuity started coverage on AAR in a research note on Wednesday, September 6th. They issued a hold rating and a $40.00 price target for the company. Zacks Investment Research upgraded AAR from a sell rating to a hold rating in a research note on Friday, September 22nd. Finally, Seaport Global Securities started coverage on AAR in a research report on Tuesday, September 12th. They set a neutral rating and a $39.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. AAR has a consensus rating of Hold and an average price target of $42.25.
AAR (AIR) opened at $40.21 on Friday. AAR has a 12 month low of $31.20 and a 12 month high of $44.04. The company has a market capitalization of $1,270.00, a price-to-earnings ratio of 87.41 and a beta of 1.34. The company has a quick ratio of 1.38, a current ratio of 2.90 and a debt-to-equity ratio of 0.20.
AAR (NYSE:AIR) last announced its quarterly earnings results on Thursday, December 21st. The aerospace company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). AAR had a net margin of 1.25% and a return on equity of 5.60%. The firm had revenue of $449.70 million during the quarter, compared to the consensus estimate of $450.56 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. sell-side analysts predict that AAR will post 1.81 earnings per share for the current fiscal year.
In related news, Director Ronald R. Fogleman sold 3,000 shares of the firm’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $33.47, for a total transaction of $100,410.00. Following the completion of the transaction, the director now directly owns 23,406 shares of the company’s stock, valued at approximately $783,398.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.33% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. bought a new position in shares of AAR in the 3rd quarter worth about $144,000. Victory Capital Management Inc. raised its position in shares of AAR by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,262 shares of the aerospace company’s stock worth $148,000 after acquiring an additional 639 shares in the last quarter. Highbridge Capital Management LLC bought a new position in shares of AAR in the 3rd quarter worth about $200,000. Cubist Systematic Strategies LLC bought a new position in shares of AAR in the 2nd quarter worth about $213,000. Finally, OxFORD Asset Management LLP bought a new position in shares of AAR in the 2nd quarter worth about $230,000. 88.02% of the stock is owned by institutional investors and hedge funds.
AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.
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