AAR (NYSE:AIR) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of AAR (NYSE:AIR) in a report published on Wednesday, Marketbeat reports. The firm issued a buy rating and a $100.00 price target on the aerospace company’s stock.

Several other brokerages have also recently issued reports on AIR. KeyCorp boosted their price objective on shares of AAR from $86.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Royal Bank Of Canada lifted their target price on shares of AAR from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Wall Street Zen raised shares of AAR from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Weiss Ratings restated a “hold (c)” rating on shares of AAR in a research report on Monday. Finally, Zacks Research cut shares of AAR from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, AAR currently has a consensus rating of “Moderate Buy” and an average target price of $93.25.

AAR Price Performance

Shares of NYSE AIR opened at $82.72 on Wednesday. The stock’s 50-day simple moving average is $82.49 and its 200-day simple moving average is $77.46. The firm has a market capitalization of $3.23 billion, a PE ratio of 106.05 and a beta of 1.29. AAR has a fifty-two week low of $46.51 and a fifty-two week high of $89.69. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.31 and a current ratio of 2.91.

AAR (NYSE:AIR) last released its quarterly earnings results on Wednesday, May 28th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter. AAR had a return on equity of 12.29% and a net margin of 1.01%.The firm had revenue of $553.30 million for the quarter. As a group, equities research analysts forecast that AAR will post 3.77 EPS for the current fiscal year.

Insider Activity at AAR

In other AAR news, CEO John Mcclain Holmes III sold 38,462 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $83.50, for a total transaction of $3,211,577.00. Following the completion of the sale, the chief executive officer directly owned 260,141 shares in the company, valued at $21,721,773.50. This represents a 12.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AAR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AIR. Osterweis Capital Management Inc. bought a new stake in shares of AAR in the second quarter worth $26,000. Morse Asset Management Inc bought a new position in AAR during the 3rd quarter valued at $27,000. Salomon & Ludwin LLC acquired a new position in AAR during the 3rd quarter worth $30,000. Optiver Holding B.V. bought a new stake in shares of AAR in the 3rd quarter worth about $31,000. Finally, Westfuller Advisors LLC acquired a new stake in shares of AAR in the 3rd quarter valued at about $39,000. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Company Profile

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.