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

Shares of AAR Corp. (NYSE:AIR) have received a consensus recommendation of “Buy” from the five analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have covered the stock in the last year is $81.00.

AIR has been the subject of several recent research reports. StockNews.com raised AAR from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Benchmark reaffirmed a “buy” rating and issued a $83.00 target price on shares of AAR in a report on Friday, October 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of AAR in a research note on Monday, November 4th.

AAR Stock Up 1.8 %

AIR opened at $69.08 on Friday. AAR has a one year low of $54.71 and a one year high of $76.34. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 3.06. The stock has a market capitalization of $2.48 billion, a P/E ratio of 37.96 and a beta of 1.57. The business’s 50-day simple moving average is $64.25 and its 200-day simple moving average is $66.60.

AAR (NYSE:AIR) last released its quarterly earnings results on Monday, September 23rd. The aerospace company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. AAR had a return on equity of 10.22% and a net margin of 2.67%. The company had revenue of $661.70 million for the quarter, compared to analyst estimates of $645.60 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. The firm’s revenue was up 20.4% compared to the same quarter last year. Analysts anticipate that AAR will post 3.63 EPS for the current year.

Institutional Trading of AAR

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in shares of AAR by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 796,962 shares of the aerospace company’s stock worth $52,101,000 after acquiring an additional 27,747 shares during the period. Barclays PLC grew its holdings in AAR by 269.4% in the third quarter. Barclays PLC now owns 66,223 shares of the aerospace company’s stock valued at $4,328,000 after purchasing an additional 48,298 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of AAR by 6.4% in the third quarter. Public Employees Retirement System of Ohio now owns 53,473 shares of the aerospace company’s stock valued at $3,495,000 after buying an additional 3,205 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of AAR during the 3rd quarter worth $242,000. Finally, National Bank of Canada FI purchased a new stake in shares of AAR in the 3rd quarter worth about $25,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.

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.