AAR (NYSE:AIR) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of AAR (NYSE:AIR) from a sell rating to a hold rating in a report published on Monday.

Several other analysts have also recently commented on the stock. Benchmark reiterated a “buy” rating and issued a $83.00 price target on shares of AAR in a research note on Friday, October 4th. Stifel Nicolaus dropped their price target on AAR from $86.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, July 19th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of AAR in a research note on Tuesday, September 24th. 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 currently has an average rating of “Moderate Buy” and an average price target of $83.50.

AAR Stock Performance

NYSE AIR opened at $62.78 on Monday. The company has a quick ratio of 1.45, a current ratio of 3.06 and a debt-to-equity ratio of 0.81. AAR has a twelve month low of $54.71 and a twelve month high of $76.34. The business has a 50-day moving average price of $64.53 and a 200-day moving average price of $66.86. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 36.93 and a beta of 1.55.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC lifted its stake in shares of AAR by 4.3% in the 1st quarter. First Eagle Investment Management LLC now owns 197,805 shares of the aerospace company’s stock valued at $11,843,000 after purchasing an additional 8,170 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in AAR in the first quarter worth $544,000. Blair William & Co. IL boosted its stake in AAR by 902.9% during the first quarter. Blair William & Co. IL now owns 57,679 shares of the aerospace company’s stock worth $3,453,000 after buying an additional 51,928 shares during the period. Janus Henderson Group PLC increased its position in AAR by 13.8% during the first quarter. Janus Henderson Group PLC now owns 530,682 shares of the aerospace company’s stock valued at $31,772,000 after acquiring an additional 64,274 shares during the last quarter. Finally, Kennedy Capital Management LLC raised its stake in shares of AAR by 205.0% in the first quarter. Kennedy Capital Management LLC now owns 79,393 shares of the aerospace company’s stock valued at $4,753,000 after acquiring an additional 53,363 shares during the period. 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.