Brokerages Set AAR Corp. (NYSE:AIR) Target Price at $81.00

AAR Corp. (NYSE:AIR) has been assigned an average rating of “Buy” from the four analysts that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is $81.00.

AIR has been the subject of several analyst reports. StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Benchmark restated a “buy” rating and issued a $83.00 target price on shares of AAR in a research note on Friday, October 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of AAR in a report on Monday, November 4th.

AAR Stock Up 1.8 %

AAR stock opened at $60.93 on Thursday. The company has a current ratio of 3.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81. The firm’s fifty day moving average price is $64.61 and its two-hundred day moving average price is $65.77. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 33.48 and a beta of 1.59. AAR has a 1-year low of $54.71 and a 1-year high of $76.34.

AAR (NYSE:AIR) last posted its earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. AAR had a return on equity of 10.22% and a net margin of 2.67%. The company had revenue of $661.70 million for the quarter, compared to analyst estimates of $645.60 million. During the same quarter last year, the company earned $0.78 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities research analysts predict that AAR will post 3.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Amalgamated Bank raised its stake in AAR by 1.7% in the 3rd quarter. Amalgamated Bank now owns 10,319 shares of the aerospace company’s stock valued at $674,000 after acquiring an additional 177 shares during the period. Captrust Financial Advisors grew its position in shares of AAR by 5.3% in the third quarter. Captrust Financial Advisors now owns 3,537 shares of the aerospace company’s stock valued at $231,000 after purchasing an additional 177 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of AAR by 6.1% during the 3rd quarter. HighTower Advisors LLC now owns 3,818 shares of the aerospace company’s stock valued at $249,000 after purchasing an additional 220 shares during the period. Global Financial Private Client LLC lifted its holdings in AAR by 4.0% during the 2nd quarter. Global Financial Private Client LLC now owns 5,838 shares of the aerospace company’s stock worth $424,000 after purchasing an additional 225 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in AAR by 43.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock worth $57,000 after purchasing an additional 234 shares during the period. 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.