Analysts Set AAR Corp. (NYSE:AIR) PT at $83.50

AAR Corp. (NYSE:AIR) has earned a consensus recommendation of “Buy” from the five analysts that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have covered the stock in the last year is $83.50.

A number of research firms have recently issued reports on AIR. Royal Bank of Canada boosted their price objective on AAR from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Stifel Nicolaus lowered their price objective on AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, July 19th.

AAR Stock Performance

Shares of NYSE AIR opened at $63.13 on Friday. The company has a quick ratio of 1.41, a current ratio of 2.98 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average is $67.53 and its two-hundred day moving average is $66.48. The company has a market cap of $2.24 billion, a P/E ratio of 37.14 and a beta of 1.54. AAR has a 12 month low of $54.71 and a 12 month high of $76.34.

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

Institutional Trading of AAR

Several institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new position in AAR in the fourth quarter worth $27,000. Quest Partners LLC acquired a new position in AAR in the second quarter worth $33,000. EverSource Wealth Advisors LLC boosted its stake in AAR by 283.1% in the first quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 402 shares in the last quarter. Innealta Capital LLC acquired a new position in AAR in the second quarter worth $49,000. Finally, Geneos Wealth Management Inc. acquired a new position in AAR in the first quarter worth $63,000. Institutional investors and hedge funds 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. 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.