AAR Corp. (NYSE:AIR) Stock Has Consensus Price Target of $140.60 According to Brokerages

AAR Corp. (NYSE:AIR) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $140.60.

A number of brokerages recently commented on AIR. Jefferies Financial Group lifted their price target on AAR from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, September 29th. Wall Street Zen upgraded AAR from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. Guggenheim restated a “neutral” rating on shares of AAR in a research note on Tuesday, September 29th. Weiss Ratings lowered AAR from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. Finally, Zacks Research lowered shares of AAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th.

Institutional Investors Weigh In On AAR

Hedge funds have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of AAR in the first quarter worth about $25,000. Global Retirement Partners LLC bought a new position in shares of AAR in the second quarter valued at approximately $39,000. Optiver Holding B.V. boosted its holdings in AAR by 218.6% in the 1st 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 period. Nykredit A S bought a new position in shares of AAR in the second quarter worth $63,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of AAR by 191.2% in the third quarter. Farther Finance Advisors LLC now owns 495 shares of the aerospace company’s stock worth $50,000 after purchasing an additional 325 shares during the period. Institutional investors own 90.74% of the company’s stock.

AAR Price Performance

AAR stock opened at $96.54 on Monday. AAR has a 52 week low of $76.10 and a 52 week high of $154.00. The company’s 50 day moving average price is $123.27 and its two-hundred day moving average price is $123.32. The company has a quick ratio of 1.28, a current ratio of 2.83 and a debt-to-equity ratio of 0.50. The stock has a market cap of $3.88 billion, a P/E ratio of 19.78 and a beta of 1.13.

AAR (NYSE:AIR) last announced its earnings results on Monday, September 28th. The aerospace company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.19. The firm 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 company’s revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.08 EPS. On average, equities analysts predict that AAR will post 5.89 earnings per share for the current year.

About AAR

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.