AAR (NYSE:AIR) Price Target Raised to $155.00

AAR (NYSE:AIR) had its price target boosted by stock analysts at Jefferies Financial Group from $150.00 to $155.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. Jefferies Financial Group’s price objective points to a potential upside of 16.42% from the company’s previous close.

AIR has been the topic of a number of other research reports. Weiss Ratings cut shares of AAR from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. Truist Financial raised shares of AAR to a “strong-buy” rating in a report on Friday, May 1st. KeyCorp lowered shares of AAR from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, June 30th. Zacks Research raised shares of AAR from a “hold” rating to a “strong-buy” rating in a report on Friday. Finally, Royal Bank Of Canada upped their price objective on shares of AAR from $105.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $132.20.

AAR Stock Performance

AIR stock traded up $2.23 during trading on Tuesday, hitting $133.13. 70,371 shares of the company traded hands, compared to its average volume of 475,861. The stock’s 50-day simple moving average is $122.99 and its 200 day simple moving average is $113.15. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.70 and a quick ratio of 1.23. The company has a market cap of $5.29 billion, a PE ratio of 29.55 and a beta of 1.09. AAR has a 1 year low of $71.43 and a 1 year high of $146.75.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AIR. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of AAR during the 1st quarter worth approximately $25,000. Optiver Holding B.V. increased its holdings in shares of 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. McMillan Office Inc. purchased a new position in AAR during the fourth quarter worth approximately $25,000. Morse Asset Management Inc acquired a new position in AAR during the third quarter worth $27,000. Finally, Danske Bank A S acquired a new position in AAR during the fourth quarter worth $28,000. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Company Profile

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.