AAR Corp. (NYSE:AIR) Receives Consensus Rating of “Buy” from Analysts

Shares of AAR Corp. (NYSE:AIR) have earned an average rating of “Buy” from the five research firms that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $81.00.

Several equities research analysts recently weighed in on AIR shares. Benchmark reaffirmed a “buy” rating and set a $83.00 target price on shares of AAR in a research note on Friday, October 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price objective on shares of AAR in a research report on Monday, November 4th. Finally, StockNews.com upgraded AAR from a “sell” rating to a “hold” rating in a report on Monday, October 21st.

AAR Trading Up 1.8 %

AIR opened at $69.08 on Friday. AAR has a 52 week low of $54.71 and a 52 week high of $76.34. The company has a quick ratio of 1.45, a current ratio of 3.06 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $64.25 and a 200-day simple moving average of $66.60. The firm has a market cap of $2.48 billion, a P/E ratio of 37.96 and a beta of 1.57.

AAR (NYSE:AIR) last released its earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.03. The company 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%. AAR’s revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. On average, equities analysts expect that AAR will post 3.63 earnings per share for the current year.

Institutional Investors Weigh In On AAR

A number of large investors have recently modified their holdings of the company. National Bank of Canada FI acquired a new position in shares of AAR during the third quarter worth $25,000. EverSource Wealth Advisors LLC boosted its position in shares of AAR by 283.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 402 shares in the last quarter. Quest Partners LLC purchased a new position in shares of AAR in the 2nd quarter valued at about $33,000. Innealta Capital LLC acquired a new stake in shares of AAR during the 2nd quarter worth about $49,000. Finally, KBC Group NV lifted its stake in AAR by 32.9% during the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock worth $87,000 after purchasing an additional 328 shares during the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

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.