AAR Corp. (NYSE:AIR) Receives $80.20 Consensus PT from Brokerages

Shares of AAR Corp. (NYSE:AIR) have received an average rating of “Buy” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $80.20.

A number of equities analysts have weighed in on AIR shares. KeyCorp decreased their price target on AAR from $83.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Truist Financial cut their price objective on shares of AAR from $81.00 to $78.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Finally, StockNews.com upgraded AAR from a “sell” rating to a “hold” rating in a research note on Saturday, April 19th.

AAR Trading Up 0.4%

Shares of AIR stock opened at $62.90 on Friday. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. AAR has a fifty-two week low of $46.51 and a fifty-two week high of $76.34. The firm’s 50 day moving average price is $58.12 and its two-hundred day moving average price is $63.17. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 224.65 and a beta of 1.40.

AAR (NYSE:AIR) last released its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. AAR had a return on equity of 10.46% and a net margin of 0.41%. The company had revenue of $678.20 million for the quarter, compared to analyst estimates of $699.13 million. During the same period last year, the company posted $0.85 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. On average, analysts anticipate that AAR will post 3.77 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC raised its stake in shares of AAR by 3.3% in the 4th quarter. Inspire Investing LLC now owns 6,505 shares of the aerospace company’s stock valued at $399,000 after purchasing an additional 205 shares in the last quarter. Arizona State Retirement System increased its holdings in AAR by 2.1% in the fourth quarter. Arizona State Retirement System now owns 10,420 shares of the aerospace company’s stock valued at $639,000 after buying an additional 219 shares during the last quarter. Sheets Smith Wealth Management raised its stake in AAR by 3.2% during the fourth quarter. Sheets Smith Wealth Management now owns 7,015 shares of the aerospace company’s stock valued at $430,000 after buying an additional 220 shares in the last quarter. US Bancorp DE raised its stake in AAR by 3.8% during the fourth quarter. US Bancorp DE now owns 6,118 shares of the aerospace company’s stock valued at $375,000 after buying an additional 225 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its holdings in AAR by 6.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,655 shares of the aerospace company’s stock worth $224,000 after buying an additional 226 shares during the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

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.