AAR Corp. (NYSE:AIR) Receives Consensus Rating of “Moderate Buy” from Analysts

AAR Corp. (NYSE:AIR) has been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $110.80.

Several research analysts have recently commented on AIR shares. Jefferies Financial Group set a $112.00 target price on shares of AAR and gave the stock a “buy” rating in a report on Thursday, January 15th. Wall Street Zen upgraded AAR from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Royal Bank Of Canada upped their target price on AAR from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. KeyCorp increased their target price on AAR from $93.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Finally, Truist Financial set a $107.00 price target on AAR in a research note on Friday, January 9th.

Insider Activity

In other news, CAO Jessica A. Garascia sold 4,787 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $95.25, for a total transaction of $455,961.75. Following the completion of the sale, the chief accounting officer owned 29,557 shares of the company’s stock, valued at approximately $2,815,304.25. This represents a 13.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Christopher A. Jessup sold 23,621 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $97.05, for a total transaction of $2,292,418.05. Following the transaction, the senior vice president owned 65,769 shares of the company’s stock, valued at approximately $6,382,881.45. This represents a 26.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 118,234 shares of company stock worth $11,350,070. 3.60% of the stock is currently owned by corporate insiders.

Institutional Trading of AAR

Hedge funds and other institutional investors have recently modified their holdings of the stock. Morse Asset Management Inc bought a new position in shares of AAR in the 3rd quarter valued at $27,000. Danske Bank A S acquired a new position in AAR in the 4th quarter worth about $28,000. Optiver Holding B.V. bought a new position in AAR in the third quarter valued at about $31,000. NBC Securities Inc. bought a new position in AAR in the fourth quarter valued at about $28,000. Finally, Salomon & Ludwin LLC bought a new position in AAR in the third quarter valued at about $30,000. Institutional investors own 90.74% of the company’s stock.

AAR Stock Up 1.7%

AIR opened at $109.80 on Wednesday. The stock has a fifty day moving average of $91.46 and a 200-day moving average of $83.47. The company has a market capitalization of $4.34 billion, a P/E ratio of 43.06 and a beta of 1.23. AAR has a fifty-two week low of $46.51 and a fifty-two week high of $110.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.31 and a current ratio of 2.84.

AAR (NYSE:AIR) last released its quarterly earnings results on Tuesday, January 6th. The aerospace company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. AAR had a net margin of 3.17% and a return on equity of 12.40%. The business had revenue of $795.30 million for the quarter, compared to analyst estimates of $760.95 million. During the same period last year, the firm earned $0.90 earnings per share. AAR’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities analysts expect that AAR will post 3.77 EPS for the current year.

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.