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

AAR Corp. (NYSE:AIR) has earned a consensus rating of “Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Five 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 $83.50.

AIR has been the subject of several analyst reports. Stifel Nicolaus cut their price objective on shares of AAR from $86.00 to $85.00 and set a “buy” rating for the company in a report on Friday, July 19th. Royal Bank of Canada lifted their price target on AAR from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Finally, StockNews.com cut AAR from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th.

Hedge Funds Weigh In On AAR

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC boosted its position in shares of AAR by 4.3% during 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 acquiring an additional 8,170 shares during the last quarter. Quadrature Capital Ltd grew its stake in AAR by 77.3% in the 4th quarter. Quadrature Capital Ltd now owns 29,982 shares of the aerospace company’s stock worth $1,870,000 after buying an additional 13,075 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of AAR in the 1st quarter worth $544,000. Charles Schwab Investment Management Inc. raised its position in shares of AAR by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 531,786 shares of the aerospace company’s stock valued at $33,183,000 after buying an additional 17,465 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in shares of AAR by 902.9% during the 1st quarter. Blair William & Co. IL now owns 57,679 shares of the aerospace company’s stock worth $3,453,000 after acquiring an additional 51,928 shares during the last quarter. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

AAR Stock Performance

Shares of AIR opened at $67.23 on Tuesday. AAR has a 1 year low of $54.71 and a 1 year high of $76.34. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.98 and a quick ratio of 1.41. The stock’s fifty day moving average price is $65.58 and its two-hundred day moving average price is $66.51. The firm has a market cap of $2.41 billion, a PE ratio of 39.55 and a beta of 1.55.

AAR (NYSE:AIR) last announced its quarterly earnings data on Thursday, July 18th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. The business had revenue of $656.50 million for the quarter, compared to analysts’ expectations of $660.05 million. AAR had a return on equity of 10.16% and a net margin of 2.00%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 EPS. On average, equities research analysts forecast that AAR will post 3.74 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.