Brokerages Set AAR Corp. (NYSE:AIR) Target Price at $83.50

AAR Corp. (NYSE:AIR) has been assigned a consensus recommendation of “Buy” from the five brokerages that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $83.50.

AIR has been the subject of several analyst reports. Stifel Nicolaus cut their target price on AAR from $86.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Benchmark lifted their price objective on AAR from $65.00 to $83.00 and gave the company a “buy” rating in a report on Monday, April 15th. Finally, Royal Bank of Canada upped their target price on shares of AAR from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, July 19th.

AAR Trading Up 0.5 %

Shares of AIR stock opened at $66.62 on Monday. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 39.50 and a beta of 1.54. The firm has a fifty day moving average of $70.32 and a 200-day moving average of $66.01. AAR has a 52-week low of $55.00 and a 52-week high of $76.34. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.41 and a current ratio of 2.98.

AAR (NYSE:AIR) last posted its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.02. The firm had revenue of $656.50 million during the quarter, compared to analyst estimates of $660.05 million. AAR had a net margin of 2.00% and a return on equity of 10.16%. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 earnings per share. On average, equities research analysts forecast that AAR will post 3.84 earnings per share for the current fiscal year.

Insider Buying and Selling at AAR

In other AAR news, CAO Eric Pachapa sold 5,121 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $70.96, for a total transaction of $363,386.16. Following the sale, the chief accounting officer now owns 25,015 shares of the company’s stock, valued at approximately $1,775,064.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Christopher A. Jessup sold 14,973 shares of AAR stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $70.05, for a total value of $1,048,858.65. Following the completion of the sale, the senior vice president now directly owns 51,803 shares of the company’s stock, valued at approximately $3,628,800.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Eric Pachapa sold 5,121 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $70.96, for a total value of $363,386.16. Following the transaction, the chief accounting officer now directly owns 25,015 shares in the company, valued at approximately $1,775,064.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,023 shares of company stock worth $2,528,708. 4.30% of the stock is currently owned by insiders.

Institutional Trading of AAR

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in AAR during the 4th quarter worth $27,000. EverSource Wealth Advisors LLC increased its holdings in AAR by 283.1% in the first quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 402 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in AAR in the first quarter valued at about $63,000. Psagot Value Holdings Ltd. Israel lifted its stake in AAR by 737.1% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 1,105 shares of the aerospace company’s stock valued at $69,000 after buying an additional 973 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in AAR by 124.6% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,251 shares of the aerospace company’s stock worth $77,000 after buying an additional 694 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.