AAR Corp. (NYSE:AIR) Receives Average Rating of “Buy” from Brokerages

Shares of AAR Corp. (NYSE:AIR) have earned a consensus rating of “Buy” from the four brokerages that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have covered the stock in the last year is $81.00.

A number of research analysts have issued reports on the stock. Benchmark reissued a “buy” rating and set a $83.00 target price on shares of AAR in a research note on Friday, October 4th. StockNews.com upgraded AAR from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $75.00 target price on shares of AAR in a research report on Monday, November 4th.

Institutional Investors Weigh In On AAR

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank lifted its holdings in AAR by 1.7% in the 3rd quarter. Amalgamated Bank now owns 10,319 shares of the aerospace company’s stock valued at $674,000 after acquiring an additional 177 shares during the last quarter. Captrust Financial Advisors lifted its stake in AAR by 5.3% during the third quarter. Captrust Financial Advisors now owns 3,537 shares of the aerospace company’s stock valued at $231,000 after purchasing an additional 177 shares during the last quarter. HighTower Advisors LLC boosted its holdings in AAR by 6.1% during the third quarter. HighTower Advisors LLC now owns 3,818 shares of the aerospace company’s stock worth $249,000 after buying an additional 220 shares in the last quarter. Global Financial Private Client LLC grew 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 buying an additional 225 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of AAR by 43.0% in the second quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock valued at $57,000 after buying an additional 234 shares in the last quarter. Institutional investors own 90.74% of the company’s stock.

AAR Trading Down 1.2 %

Shares of NYSE AIR opened at $59.86 on Thursday. AAR has a 12-month low of $54.71 and a 12-month high of $76.34. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 32.89 and a beta of 1.59. The company has a current ratio of 3.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81. The stock’s 50 day simple moving average is $64.60 and its 200 day simple moving average is $65.82.

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

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.