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

Shares of AAR Corp. (NYSE:AIR) have received an average recommendation of “Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have covered the stock in the last year is $80.20.

Several equities analysts have recently commented on the stock. StockNews.com raised shares of AAR from a “sell” rating to a “hold” rating in a research note on Saturday, April 19th. Truist Financial lowered their price objective on shares of AAR from $81.00 to $78.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Finally, KeyCorp lowered their price objective on shares of AAR from $83.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd.

AAR Stock Performance

AAR stock opened at $53.45 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $1.93 billion, a PE ratio of 190.90 and a beta of 1.32. The firm has a fifty day simple moving average of $59.59 and a two-hundred day simple moving average of $63.38. AAR has a twelve month low of $46.51 and a twelve month high of $76.34.

AAR (NYSE:AIR) last posted its quarterly earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03. The business had revenue of $678.20 million during the quarter, compared to the consensus estimate of $699.13 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. Research analysts expect that AAR will post 3.77 EPS for the current year.

Hedge Funds Weigh In On AAR

Several hedge funds and other institutional investors have recently modified their holdings of AIR. Bank of America Corp DE increased its position in shares of AAR by 293.3% during the fourth quarter. Bank of America Corp DE now owns 171,203 shares of the aerospace company’s stock valued at $10,491,000 after buying an additional 127,668 shares during the period. Invesco Ltd. grew its holdings in AAR by 13.5% in the fourth quarter. Invesco Ltd. now owns 1,070,618 shares of the aerospace company’s stock worth $65,607,000 after purchasing an additional 127,148 shares during the period. Westwood Holdings Group Inc. grew its holdings in AAR by 8.7% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,441,154 shares of the aerospace company’s stock worth $88,314,000 after purchasing an additional 115,476 shares during the period. Franklin Resources Inc. grew its holdings in AAR by 13.4% in the third quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company’s stock worth $59,591,000 after purchasing an additional 114,460 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in AAR in the fourth quarter worth about $6,849,000. 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.