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

AAR Corp. (NYSE:AIR) has received an average rating of “Buy” from the five research firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year price objective among analysts that have covered the stock in the last year is $83.50.

A number of research firms have recently weighed in on AIR. Benchmark reiterated a “buy” rating and issued a $83.00 price target on shares of AAR in a research report on Friday, October 4th. StockNews.com cut shares of AAR from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 price objective on shares of AAR in a research note on Tuesday, September 24th. Finally, Stifel Nicolaus decreased their price objective on shares of AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, July 19th.

Institutional Trading of AAR

A number of hedge funds and other institutional investors have recently modified their holdings of AIR. Campbell & CO Investment Adviser LLC bought a new stake in shares of AAR during the fourth quarter worth $468,000. Quadrature Capital Ltd grew its stake in shares of AAR by 77.3% in the fourth quarter. Quadrature Capital Ltd now owns 29,982 shares of the aerospace company’s stock worth $1,870,000 after purchasing an additional 13,075 shares during the last quarter. Nebula Research & Development LLC bought a new stake in shares of AAR in the fourth quarter worth $709,000. Vanguard Group Inc. grew its stake in shares of AAR by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 3,761,632 shares of the aerospace company’s stock worth $234,726,000 after purchasing an additional 44,948 shares during the last quarter. Finally, Campbell Capital Management Inc. bought a new stake in shares of AAR in the first quarter worth $1,796,000. Institutional investors own 90.74% of the company’s stock.

AAR Stock Up 3.5 %

NYSE AIR opened at $61.54 on Friday. The company has a current ratio of 3.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81. AAR has a 1-year low of $54.71 and a 1-year high of $76.34. The company has a 50 day moving average of $64.21 and a 200-day moving average of $66.66. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 33.81 and a beta of 1.55.

AAR (NYSE:AIR) last released its quarterly earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. AAR had a net margin of 2.67% and a return on equity of 10.22%. The company had revenue of $661.70 million during the quarter, compared to the consensus estimate of $645.60 million. During the same period in the previous year, the business earned $0.78 earnings per share. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. On average, equities research analysts expect that AAR will post 3.63 earnings per share for the current fiscal year.

AAR Company Profile

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.