AAR Corp. (NYSE:AIR – Get Free Report) SVP Christopher A. Jessup sold 15,929 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $70.09, for a total transaction of $1,116,463.61. Following the transaction, the senior vice president now owns 51,803 shares in the company, valued at $3,630,872.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
AAR Trading Up 0.1 %
Shares of AIR stock opened at $72.03 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.90 and a debt-to-equity ratio of 0.24. The firm has a market cap of $2.55 billion, a P/E ratio of 42.37 and a beta of 1.60. The company has a 50 day moving average of $64.30 and a 200-day moving average of $64.06. AAR Corp. has a 12-month low of $50.06 and a 12-month high of $73.95.
AAR (NYSE:AIR – Get Free Report) last released its earnings results on Thursday, March 21st. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. AAR had a return on equity of 10.17% and a net margin of 2.73%. The business had revenue of $567.30 million during the quarter, compared to the consensus estimate of $567.63 million. Sell-side analysts anticipate that AAR Corp. will post 3.3 earnings per share for the current year.
Institutional Investors Weigh In On AAR
Analysts Set New Price Targets
AIR has been the topic of several recent analyst reports. William Blair began coverage on shares of AAR in a research report on Monday, January 29th. They set an “outperform” rating on the stock. Benchmark boosted their price objective on AAR from $65.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $80.00 target price on shares of AAR in a research report on Friday, March 22nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $81.25.
View Our Latest Analysis on AIR
AAR Company Profile
AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.
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