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

Shares of AAR Corp. (NYSE:AIRGet Rating) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $50.00.

A number of research analysts have recently issued reports on AIR shares. Royal Bank of Canada dropped their price objective on AAR from $54.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday, September 23rd. Truist Financial dropped their price objective on AAR from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, September 23rd. TheStreet raised AAR from a “c+” rating to a “b-” rating in a research note on Thursday, November 10th. Finally, StockNews.com started coverage on AAR in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

AAR Stock Up 0.8 %

Shares of AIR opened at $46.93 on Friday. The company has a market capitalization of $1.65 billion, a PE ratio of 18.77 and a beta of 1.58. AAR has a 12 month low of $32.15 and a 12 month high of $52.83. The stock’s 50-day moving average price is $42.06 and its two-hundred day moving average price is $43.34. The company has a current ratio of 2.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.11.

AAR (NYSE:AIRGet Rating) last announced its earnings results on Thursday, September 22nd. The aerospace company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $446.30 million for the quarter, compared to the consensus estimate of $455.10 million. AAR had a return on equity of 8.77% and a net margin of 4.96%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. On average, analysts anticipate that AAR will post 2.96 EPS for the current year.

Insider Activity at AAR

In related news, Director David P. Storch sold 20,000 shares of the business’s stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $39.09, for a total value of $781,800.00. Following the completion of the sale, the director now directly owns 295,090 shares of the company’s stock, valued at approximately $11,535,068.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director David P. Storch sold 20,000 shares of the business’s stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $39.09, for a total value of $781,800.00. Following the completion of the sale, the director now directly owns 295,090 shares of the company’s stock, valued at approximately $11,535,068.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John Mcclain Holmes III sold 57,000 shares of the business’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $44.53, for a total value of $2,538,210.00. Following the completion of the sale, the chief executive officer now directly owns 278,611 shares of the company’s stock, valued at $12,406,547.83. The disclosure for this sale can be found here. Insiders sold 100,894 shares of company stock valued at $4,347,572 in the last three months. Corporate insiders own 7.74% of the company’s stock.

Institutional Trading of AAR

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIR. Quantbot Technologies LP bought a new stake in AAR during the 1st quarter worth approximately $26,000. Catalyst Capital Advisors LLC bought a new stake in AAR during the 1st quarter worth approximately $40,000. Point72 Hong Kong Ltd bought a new stake in AAR during the 1st quarter worth approximately $44,000. Ellevest Inc. bought a new stake in AAR during the 2nd quarter worth approximately $48,000. Finally, Nisa Investment Advisors LLC bought a new stake in AAR during the 3rd quarter worth approximately $67,000. 98.13% of the stock is owned by institutional investors.

AAR Company Profile

(Get Rating)

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services. This segment also sells and leases new, overhauled, and repaired engine and airframe parts, and components; and provides inventory and repair programs, warranty claim management, and outsourcing programs for engine and airframe parts and components, as well as performance-based supply chain logistics programs in support of the U.S.

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