AAR Corp. (NYSE:AIR) Receives $81.50 Consensus Target Price from Analysts

AAR Corp. (NYSE:AIR) has been assigned a consensus recommendation of “Buy” from the five analysts that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $81.50.

Several analysts have recently issued reports on the company. KeyCorp started coverage on AAR in a research note on Thursday, January 16th. They issued an “overweight” rating and a $83.00 price objective on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price target on shares of AAR in a research note on Monday, November 4th. Benchmark restated a “buy” rating and issued a $83.00 price target on shares of AAR in a research note on Friday, October 4th. Finally, StockNews.com upgraded AAR from a “sell” rating to a “hold” rating in a research note on Friday, January 17th.

AAR Stock Down 1.4 %

Shares of NYSE AIR opened at $71.19 on Thursday. The stock has a market cap of $2.56 billion, a P/E ratio of 254.27 and a beta of 1.61. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84. AAR has a 12-month low of $54.71 and a 12-month high of $76.34. The business’s fifty day simple moving average is $65.97 and its 200-day simple moving average is $65.17.

AAR (NYSE:AIR) last announced its quarterly earnings data on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.07. The business had revenue of $686.10 million for the quarter, compared to analysts’ expectations of $654.47 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. The company’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period last year, the firm earned $0.81 earnings per share. As a group, equities analysts predict that AAR will post 3.77 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Jessica A. Garascia sold 1,500 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $66.90, for a total transaction of $100,350.00. Following the transaction, the chief accounting officer now owns 37,565 shares of the company’s stock, valued at $2,513,098.50. This trade represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Christopher A. Jessup sold 33,481 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $70.40, for a total value of $2,357,062.40. Following the transaction, the senior vice president now directly owns 63,209 shares in the company, valued at approximately $4,449,913.60. This represents a 34.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,793 shares of company stock valued at $12,538,396. 4.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AAR

Hedge funds and other institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI purchased a new position in shares of AAR during the third quarter worth about $25,000. Quest Partners LLC acquired a new stake in AAR in the second quarter valued at about $33,000. EverSource Wealth Advisors LLC lifted its position in AAR by 43.0% in the second quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock valued at $57,000 after purchasing an additional 234 shares during the period. Toth Financial Advisory Corp lifted its position in AAR by 133.3% in the fourth quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company’s stock valued at $86,000 after purchasing an additional 800 shares during the period. Finally, KBC Group NV lifted its position in AAR by 32.9% in the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock valued at $87,000 after purchasing an additional 328 shares during the period. Hedge funds and other institutional investors own 90.74% of the company’s stock.

About AAR

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.