AAR Corp. (NYSE:AIR) Receives $135.60 Average Target Price from Analysts

Shares of AAR Corp. (NYSE:AIR) have been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $135.60.

A number of equities analysts have recently weighed in on AIR shares. Truist Financial boosted their target price on AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Weiss Ratings raised AAR from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Jefferies Financial Group increased their price target on AAR from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. KeyCorp reiterated a “sector weight” rating on shares of AAR in a report on Wednesday, July 22nd. Finally, Wall Street Zen downgraded AAR from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st.

AAR Stock Up 0.6%

AIR opened at $135.41 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.84 and a quick ratio of 1.24. The company’s 50-day moving average is $138.74 and its 200 day moving average is $122.33. AAR has a fifty-two week low of $73.05 and a fifty-two week high of $154.00. The firm has a market capitalization of $5.40 billion, a P/E ratio of 28.04 and a beta of 1.11.

AAR (NYSE:AIR) last released its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.15. The business had revenue of $928.00 million for the quarter, compared to analysts’ expectations of $893.03 million. AAR had a net margin of 5.67% and a return on equity of 12.67%. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.16 earnings per share. Research analysts expect that AAR will post 5.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AAR

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. purchased a new stake in AAR during the first quarter worth about $25,000. McMillan Office Inc. purchased a new position in AAR in the fourth quarter valued at about $25,000. Osterweis Capital Management Inc. bought a new position in shares of AAR during the 2nd quarter valued at approximately $26,000. Morse Asset Management Inc bought a new position in shares of AAR during the 3rd quarter valued at approximately $27,000. Finally, NBC Securities Inc. bought a new position in shares of AAR during the 4th quarter valued at approximately $28,000. 90.74% of the stock is owned by hedge funds and other institutional investors.

About AAR

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.