AAR (NYSE:AIR) Sets New 1-Year High – What’s Next?

AAR Corp. (NYSE:AIR)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $137.08 and last traded at $136.9770, with a volume of 78760 shares trading hands. The stock had previously closed at $132.26.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AIR. Jefferies Financial Group raised their target price on shares of AAR to $150.00 and gave the company a “buy” rating in a research note on Tuesday, March 24th. Zacks Research cut shares of AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Weiss Ratings raised shares of AAR from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 15th. Wall Street Zen cut shares of AAR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Finally, Royal Bank Of Canada increased their price target on AAR from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.20.

AAR Stock Up 4.2%

The firm’s 50 day moving average is $117.06 and its two-hundred day moving average is $108.40. The firm has a market cap of $5.51 billion, a P/E ratio of 30.71 and a beta of 1.13. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54.

AAR (NYSE:AIR) last issued its earnings results on Tuesday, March 24th. The aerospace company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.21 by $0.04. The firm had revenue of $845.10 million during the quarter, compared to the consensus estimate of $812.58 million. AAR had a net margin of 5.46% and a return on equity of 12.39%. The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 earnings per share. As a group, research analysts anticipate that AAR Corp. will post 4.97 EPS for the current fiscal year.

Hedge Funds Weigh In On AAR

Several institutional investors and hedge funds have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in AAR during the 1st quarter worth $25,000. Optiver Holding B.V. grew its stake in AAR by 218.6% in the first quarter. Optiver Holding B.V. now owns 274 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 188 shares during the period. McMillan Office Inc. bought a new stake in shares of AAR in the fourth quarter worth about $25,000. Morse Asset Management Inc bought a new stake in shares of AAR in the third quarter worth about $27,000. Finally, Danske Bank A S acquired a new stake in shares of AAR during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Company Profile

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.