AAR Corp. (NYSE:AIR) Receives $83.50 Average Target Price from Analysts

AAR Corp. (NYSE:AIR) has earned an average recommendation of “Buy” from the five brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have covered the stock in the last year is $83.50.

A number of analysts have weighed in on the stock. Royal Bank of Canada increased their target price on shares of AAR from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Stifel Nicolaus dropped their price target on AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, July 19th.

AAR Price Performance

Shares of AIR stock opened at $65.94 on Tuesday. The business has a fifty day simple moving average of $65.64 and a 200 day simple moving average of $66.48. The company has a market cap of $2.34 billion, a P/E ratio of 38.79 and a beta of 1.55. The company has a quick ratio of 1.41, a current ratio of 2.98 and a debt-to-equity ratio of 0.83. AAR has a twelve month low of $54.71 and a twelve month high of $76.34.

AAR (NYSE:AIR) last released its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.02. AAR had a return on equity of 10.16% and a net margin of 2.00%. The company had revenue of $656.50 million for the quarter, compared to analysts’ expectations of $660.05 million. During the same period in the previous year, the business posted $0.83 earnings per share. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. On average, sell-side analysts forecast that AAR will post 3.84 EPS for the current fiscal year.

Institutional Trading of AAR

Several institutional investors and hedge funds have recently made changes to their positions in AIR. Comerica Bank boosted its stake in shares of AAR by 0.9% in the 4th quarter. Comerica Bank now owns 17,601 shares of the aerospace company’s stock worth $1,098,000 after buying an additional 152 shares during the last quarter. Global Financial Private Client LLC boosted its position in AAR by 4.0% in the second quarter. Global Financial Private Client LLC now owns 5,838 shares of the aerospace company’s stock worth $424,000 after purchasing an additional 225 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in AAR by 43.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock valued at $57,000 after purchasing an additional 234 shares during the period. Truist Financial Corp increased its position in shares of AAR by 3.4% during the 2nd quarter. Truist Financial Corp now owns 9,040 shares of the aerospace company’s stock valued at $657,000 after purchasing an additional 296 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of AAR by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,700 shares of the aerospace company’s stock worth $1,214,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 90.74% of the company’s stock.

About AAR

AAR 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.