AAR (NYSE:AIR) Price Target Raised to $120.00 at KeyCorp

AAR (NYSE:AIR) had its price target increased by KeyCorp from $109.00 to $120.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an overweight rating on the aerospace company’s stock.

A number of other analysts have also issued reports on AIR. Weiss Ratings reiterated a “hold (c-)” rating on shares of AAR in a research note on Monday, December 29th. Royal Bank Of Canada raised their target price on AAR from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. The Goldman Sachs Group started coverage on AAR in a report on Monday, January 26th. They set a “neutral” rating and a $121.00 target price for the company. Jefferies Financial Group reiterated a “buy” rating on shares of AAR in a research report on Tuesday. Finally, Zacks Research lowered shares of AAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.80.

AAR Stock Up 10.1%

AIR opened at $118.71 on Wednesday. AAR has a 12 month low of $46.51 and a 12 month high of $122.97. The company has a market cap of $4.70 billion, a PE ratio of 26.32 and a beta of 1.19. The company has a current ratio of 2.84, a quick ratio of 1.31 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average of $110.18 and a 200 day moving average of $92.52.

AAR (NYSE:AIR) last issued its earnings results on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. The business had revenue of $845.10 million for the quarter, compared to analysts’ expectations of $812.58 million. AAR had a net margin of 5.46% and a return on equity of 13.09%. During the same quarter in the previous year, the firm posted $0.99 EPS. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. On average, sell-side analysts expect that AAR will post 3.77 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Jessica A. Garascia sold 4,787 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $95.25, for a total transaction of $455,961.75. Following the completion of the transaction, the chief accounting officer directly owned 29,557 shares in the company, valued at $2,815,304.25. The trade was a 13.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sarah Louise Flanagan sold 10,750 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $108.56, for a total value of $1,167,020.00. Following the completion of the transaction, the chief financial officer owned 32,848 shares in the company, valued at $3,565,978.88. This represents a 24.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 128,984 shares of company stock worth $12,517,090 over the last three months. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On AAR

Institutional investors and hedge funds have recently bought and sold shares of the stock. McMillan Office Inc. bought a new stake in AAR during the fourth quarter valued at approximately $25,000. Morse Asset Management Inc bought a new position in shares of AAR in the 3rd quarter worth $27,000. Danske Bank A S purchased a new stake in shares of AAR during the 4th quarter valued at $28,000. Optiver Holding B.V. purchased a new stake in shares of AAR during the 3rd quarter valued at $31,000. Finally, NBC Securities Inc. bought a new stake in shares of AAR during the 4th quarter worth $28,000. 90.74% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting AAR

Here are the key news stories impacting AAR this week:

• Positive Sentiment: Q3 results beat expectations — AAR reported $1.25 EPS vs. $1.21 consensus and revenue of $845.1M vs. $812.6M, with revenue up ~24.6% YoY; management cited strong parts distribution demand driving results. AAR Q3 Earnings Surpass Estimates, Sales Increase Year Over Year
• Positive Sentiment: Analyst upgrades — Royal Bank of Canada raised its price target to $125 and kept an “Outperform” rating; KeyCorp raised its target to $120 with an “Overweight” rating — these lifts support further upside sentiment. Benzinga
• Positive Sentiment: Contract win — AAR was awarded $450M in pallet contracts from the U.S. Air Force, adding a multi-year, defense-related revenue stream that boosts backlog visibility. AAR awarded $450 million in pallet contracts for U.S. Air Force
• Neutral Sentiment: Earnings materials and call — The company posted the full press release, slide deck and hosted an earnings call; transcripts and presentations are available for detail on segment trends and margin commentary. View Press Release / Slide Deck
• Neutral Sentiment: Call/transcript coverage — Multiple transcripts and summaries (Seeking Alpha, Yahoo Finance) provide management commentary and Q&A that investors can use to assess sustainability of parts demand and margin outlook. AAR (AIR) Q3 2026 Earnings Call Transcript

About AAR

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.