Analysts Set AAR Corp. (NYSE:AIR) Target Price at $135.60

Shares of AAR Corp. (NYSE:AIRGet Free Report) have earned an average rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $135.60.

AIR has been the topic of several recent analyst reports. Truist Financial upped their price objective on shares of AAR from $128.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Zacks Research upgraded shares of AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Weiss Ratings raised AAR from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Jefferies Financial Group raised their target price on shares of AAR from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, KeyCorp reiterated a “sector weight” rating on shares of AAR in a report on Wednesday, July 22nd.

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Hedge Funds Weigh In On AAR

Hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in AAR by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,779 shares of the aerospace company’s stock worth $1,163,000 after buying an additional 904 shares during the period. Millennium Management LLC raised its holdings in shares of AAR by 35.8% during the first quarter. Millennium Management LLC now owns 134,966 shares of the aerospace company’s stock valued at $7,557,000 after buying an additional 35,608 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in AAR by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 97,384 shares of the aerospace company’s stock valued at $5,453,000 after acquiring an additional 4,288 shares in the last quarter. State Street Corp raised its stake in shares of AAR by 10.9% during the second quarter. State Street Corp now owns 1,917,821 shares of the aerospace company’s stock valued at $131,927,000 after purchasing an additional 188,406 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of AAR by 4.2% in the 2nd quarter. Sei Investments Co. now owns 265,375 shares of the aerospace company’s stock worth $18,255,000 after acquiring an additional 10,725 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Price Performance

AIR stock opened at $140.00 on Wednesday. The stock’s 50 day moving average price is $130.00 and its 200 day moving average price is $117.80. The firm has a market cap of $5.58 billion, a P/E ratio of 28.98 and a beta of 1.11. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.24 and a current ratio of 2.84. AAR has a 1 year low of $71.43 and a 1 year high of $146.75.

AAR (NYSE:AIRGet Free Report) last released its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.15. AAR had a return on equity of 12.67% and a net margin of 5.67%.The company had revenue of $928.00 million during the quarter, compared to the consensus estimate of $893.03 million. During the same quarter last year, the business posted $1.16 earnings per share. AAR’s revenue was up 23.0% compared to the same quarter last year. On average, sell-side analysts expect that AAR will post 5.92 earnings per share for the current fiscal year.

About AAR

(Get Free Report)

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.

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Analyst Recommendations for AAR (NYSE:AIR)

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