AAR (NYSE:AIR) Price Target Raised to $155.00

AAR (NYSE:AIR) had its price target increased by Jefferies Financial Group from $150.00 to $155.00 in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a buy rating on the aerospace company’s stock.

A number of other equities research analysts have also commented on the company. Zacks Research upgraded AAR from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. KeyCorp lowered AAR from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, June 30th. Royal Bank Of Canada lifted their price target on AAR from $105.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, March 25th. Weiss Ratings lowered shares of AAR from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, July 8th. Finally, Wall Street Zen cut shares of AAR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $132.20.

AAR Price Performance

Shares of AAR stock opened at $133.47 on Tuesday. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 29.59 and a beta of 1.09. The firm’s 50-day moving average price is $124.11 and its two-hundred day moving average price is $114.18. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. AAR has a 1-year low of $71.43 and a 1-year high of $146.75.

Institutional Investors Weigh In On AAR

Institutional investors and hedge funds have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. bought a new position in AAR in the first quarter valued at about $25,000. McMillan Office Inc. bought a new stake in AAR during the 4th quarter worth about $25,000. Osterweis Capital Management Inc. bought a new stake in AAR during the 2nd quarter worth about $26,000. Morse Asset Management Inc acquired a new position in AAR during the 3rd quarter valued at about $27,000. Finally, NBC Securities Inc. acquired a new position in AAR during the 4th quarter valued at about $28,000. Institutional investors own 90.74% of the company’s stock.

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.