Royal Bank of Canada Reaffirms Outperform Rating for AAR (NYSE:AIR)

AAR (NYSE:AIR)‘s stock had its “outperform” rating reiterated by equities researchers at Royal Bank of Canada in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $75.00 price target on the aerospace company’s stock. Royal Bank of Canada’s price target points to a potential upside of 25.38% from the company’s current price.

Other research analysts have also issued reports about the company. Stifel Nicolaus reduced their price target on AAR from $86.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, July 19th. StockNews.com raised shares of AAR from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Benchmark reaffirmed a “buy” rating and issued a $83.00 price objective on shares of AAR in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.00.

AAR Stock Performance

AIR stock opened at $59.82 on Monday. AAR has a 1-year low of $54.71 and a 1-year high of $76.34. The business has a 50-day moving average price of $63.86 and a 200 day moving average price of $66.74. The company has a market capitalization of $2.15 billion, a P/E ratio of 32.87 and a beta of 1.57. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.06 and a quick ratio of 1.45.

AAR (NYSE:AIR) last posted its quarterly earnings results on Monday, September 23rd. The aerospace company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. AAR had a net margin of 2.67% and a return on equity of 10.22%. The business had revenue of $661.70 million during the quarter, compared to analyst estimates of $645.60 million. During the same quarter in the previous year, the business posted $0.78 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, equities research analysts forecast that AAR will post 3.63 EPS for the current fiscal year.

Institutional Investors Weigh In On AAR

A number of large investors have recently modified their holdings of AIR. BNP Paribas Financial Markets lifted its stake in shares of AAR by 23.0% during the first quarter. BNP Paribas Financial Markets now owns 72,964 shares of the aerospace company’s stock worth $4,368,000 after buying an additional 13,631 shares during the period. Central Pacific Bank Trust Division acquired a new stake in AAR during the 1st quarter worth about $147,000. Geneos Wealth Management Inc. purchased a new stake in AAR during the 1st quarter valued at about $63,000. Swiss National Bank increased its holdings in shares of AAR by 6.1% in the first quarter. Swiss National Bank now owns 70,100 shares of the aerospace company’s stock valued at $4,197,000 after purchasing an additional 4,000 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of AAR in the first quarter worth about $544,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.

AAR Company Profile

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.