AAR Corp. (NYSE:AIR) Given Average Recommendation of "Buy" by Brokerages

AAR Corp. (NYSE:AIR - Get Free Report) has received a consensus recommendation of "Buy" from the five brokerages that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $81.00.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AIR. Janus Henderson Group PLC raised its holdings in AAR by 13.8% in the 1st quarter. Janus Henderson Group PLC now owns 530,682 shares of the aerospace company's stock valued at $31,772,000 after acquiring an additional 64,274 shares during the period. Kennedy Capital Management LLC lifted its holdings in AAR by 205.0% during the 1st quarter. Kennedy Capital Management LLC now owns 79,393 shares of the aerospace company's stock worth $4,753,000 after purchasing an additional 53,363 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in AAR by 18.5% during the 3rd quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company's stock worth $32,693,000 after purchasing an additional 77,974 shares during the last quarter. Boston Partners bought a new stake in AAR in the 1st quarter valued at $25,794,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in AAR by 41.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 551,439 shares of the aerospace company's stock valued at $40,090,000 after buying an additional 160,363 shares in the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

AAR Stock Up 1.8 %

Shares of NYSE:AIR traded up $1.24 during midday trading on Friday, reaching $69.08. 229,701 shares of the company were exchanged, compared to its average volume of 233,249. The firm has a market cap of $2.48 billion, a PE ratio of 37.96 and a beta of 1.57. The company has a quick ratio of 1.45, a current ratio of 3.06 and a debt-to-equity ratio of 0.81. AAR has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The stock has a fifty day simple moving average of $64.25 and a two-hundred day simple moving average of $66.53.

AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. The firm had revenue of $661.70 million for the quarter, compared to the consensus estimate of $645.60 million. AAR had a return on equity of 10.22% and a net margin of 2.67%. The company's revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS. As a group, sell-side analysts forecast that AAR will post 3.63 earnings per share for the current year.

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.