AAR (NYSE:AIR) Price Target Raised to $120.00

AAR (NYSE:AIRFree Report) had its price target increased by KeyCorp from $109.00 to $120.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the aerospace company’s stock.

A number of other equities analysts also recently weighed in on AIR. Wall Street Zen upgraded AAR from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Weiss Ratings restated a “hold (c-)” rating on shares of AAR in a report on Monday, December 29th. Jefferies Financial Group boosted their price objective on shares of AAR to $150.00 and gave the company a “buy” rating in a research report on Tuesday. Royal Bank Of Canada upped their price objective on shares of AAR from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Finally, Zacks Research downgraded shares of AAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.80.

View Our Latest Research Report on AIR

AAR Stock Performance

Shares of AAR stock opened at $107.34 on Wednesday. The stock has a market cap of $4.27 billion, a PE ratio of 23.80 and a beta of 1.19. The business has a fifty day simple moving average of $110.32 and a 200-day simple moving average of $92.88. The company has a quick ratio of 1.31, a current ratio of 2.70 and a debt-to-equity ratio of 0.54. AAR has a 12 month low of $46.51 and a 12 month high of $122.97.

AAR (NYSE:AIRGet Free Report) last posted its quarterly earnings results on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.04. The firm had revenue of $845.10 million for the quarter, compared to analyst estimates of $812.58 million. AAR had a return on equity of 12.39% and a net margin of 5.46%.AAR’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 earnings per share. On average, sell-side analysts anticipate that AAR will post 3.77 EPS for the current fiscal year.

Insider Transactions at AAR

In related news, CAO Jessica A. Garascia sold 4,787 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $95.25, for a total transaction of $455,961.75. Following the transaction, the chief accounting officer owned 29,557 shares of the company’s stock, valued at approximately $2,815,304.25. This trade represents a 13.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Mcclain Holmes III sold 10,000 shares of AAR stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $108.44, for a total transaction of $1,084,400.00. Following the completion of the sale, the chief executive officer owned 237,064 shares of the company’s stock, valued at $25,707,220.16. This trade represents a 4.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 128,984 shares of company stock valued at $12,517,090 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. McMillan Office Inc. bought a new position in shares of AAR during the 4th quarter valued at $25,000. Osterweis Capital Management Inc. acquired a new position in AAR during the second quarter worth $26,000. Morse Asset Management Inc acquired a new position in AAR during the third quarter worth $27,000. NBC Securities Inc. bought a new position in AAR during the fourth quarter valued at about $28,000. Finally, Danske Bank A S bought a new position in AAR during the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR News Summary

Here are the key news stories impacting AAR this week:

AAR Company Profile

(Get Free Report)

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.

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