AAR Corp. (NYSE:AIR) Receives $81.50 Average Price Target from Brokerages

Shares of AAR Corp. (NYSE:AIR) have been given an average rating of “Buy” by the five ratings firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $81.50.

Several research firms have recently weighed in on AIR. StockNews.com raised AAR from a “sell” rating to a “hold” rating in a report on Friday. KeyCorp began coverage on AAR in a report on Thursday. They set an “overweight” rating and a $83.00 price target on the stock. Benchmark reissued a “buy” rating and set a $83.00 price target on shares of AAR in a report on Friday, October 4th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price target on shares of AAR in a report on Monday, November 4th.

AAR Stock Performance

Shares of AIR opened at $70.25 on Thursday. The business’s fifty day simple moving average is $65.77 and its two-hundred day simple moving average is $65.18. The company has a current ratio of 2.68, a quick ratio of 1.45 and a debt-to-equity ratio of 0.84. AAR has a 12 month low of $54.71 and a 12 month high of $76.34. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 250.91 and a beta of 1.61.

AAR (NYSE:AIR) last issued its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.83 by $0.07. AAR had a return on equity of 10.46% and a net margin of 0.41%. The business had revenue of $686.10 million for the quarter, compared to the consensus estimate of $654.47 million. During the same period last year, the business posted $0.81 EPS. The company’s revenue was up 25.8% compared to the same quarter last year. Research analysts anticipate that AAR will post 3.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other AAR news, CFO Sean M. Gillen sold 17,385 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $66.33, for a total value of $1,153,147.05. Following the completion of the sale, the chief financial officer now owns 72,326 shares in the company, valued at approximately $4,797,383.58. This represents a 19.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Christopher A. Jessup sold 33,481 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $70.40, for a total value of $2,357,062.40. Following the completion of the sale, the senior vice president now owns 63,209 shares of the company’s stock, valued at $4,449,913.60. The trade was a 34.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 180,793 shares of company stock valued at $12,184,346. 4.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. National Bank of Canada FI purchased a new position in shares of AAR during the third quarter valued at about $25,000. Quest Partners LLC purchased a new position in shares of AAR during the second quarter valued at about $33,000. EverSource Wealth Advisors LLC grew its position in shares of AAR by 43.0% during the second quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock valued at $57,000 after purchasing an additional 234 shares in the last quarter. KBC Group NV grew its position in AAR by 32.9% in the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock worth $87,000 after acquiring an additional 328 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. purchased a new position in AAR in the fourth quarter worth about $203,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.

AAR Company Profile

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.