AAR Corp. (NYSE:AIR) Receives $135.60 Average Price Target from Analysts

AAR Corp. (NYSE:AIR) has been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $135.60.

A number of research firms have recently weighed in on AIR. Wall Street Zen downgraded shares of AAR from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Truist Financial increased their price objective on AAR from $128.00 to $145.00 and gave the company a “buy” rating in a report on Monday, July 27th. Jefferies Financial Group raised their target price on AAR from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Zacks Research upgraded AAR from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of AAR in a research report on Wednesday, July 22nd.

AAR Stock Performance

Shares of AIR opened at $112.63 on Thursday. The stock has a 50 day moving average of $134.12 and a 200 day moving average of $123.57. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 23.32 and a beta of 1.11. AAR has a 12 month low of $74.25 and a 12 month high of $154.00. The company has a current ratio of 2.84, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52.

AAR (NYSE:AIR) last released its earnings results on Tuesday, July 21st. The aerospace company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.15. The company had revenue of $928.00 million for the quarter, compared to analysts’ expectations of $893.03 million. AAR had a return on equity of 12.67% and a net margin of 5.67%.The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.16 EPS. As a group, sell-side analysts forecast that AAR will post 5.92 earnings per share for the current year.

Institutional Investors Weigh In On AAR

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIR. Integrated Wealth Concepts LLC bought a new stake in shares of AAR in the second quarter valued at approximately $84,000. Baird Financial Group Inc. bought a new position in AAR in the 2nd quarter worth approximately $263,000. Nykredit A S bought a new position in AAR in the 2nd quarter worth approximately $63,000. Corient Private Wealth LP grew its stake in AAR by 1,523.4% in the 2nd quarter. Corient Private Wealth LP now owns 38,167 shares of the aerospace company’s stock valued at $5,455,000 after buying an additional 35,816 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in AAR by 10.4% in the 2nd quarter. HighTower Advisors LLC now owns 3,224 shares of the aerospace company’s stock valued at $461,000 after buying an additional 304 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors.

AAR Company Profile

AAR Corp. is a global provider of aviation services supporting commercial aviation, government and defense customers. The company supplies aircraft parts and equipment, manages inventory and logistics, and provides maintenance, repair and overhaul services for aircraft and components.

AAR’s offerings include parts distribution, supply-chain management, aircraft maintenance, airframe and component repair, and mobility solutions for government and defense operators. Its services are designed to help airlines, aircraft operators and government agencies maintain fleet readiness and manage aviation assets.

Founded in 1955, AAR is headquartered in Wood Dale, Illinois, and serves customers across North America, Europe, Asia and other international markets.