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

Shares of AAR Corp. (NYSE:AIR - Get Free Report) have been given a consensus rating of "Buy" by the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $83.50.

AIR has been the subject of several research analyst reports. Stifel Nicolaus lowered their target price on AAR from $86.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, July 19th. Royal Bank of Canada upped their target price on AAR from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, July 19th.

AAR Stock Performance

Shares of AIR stock traded down $0.92 on Tuesday, hitting $63.97. The company's stock had a trading volume of 344,739 shares, compared to its average volume of 301,328. AAR has a fifty-two week low of $54.71 and a fifty-two 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. The stock's 50 day moving average is $65.92 and its 200-day moving average is $66.50. The company has a market capitalization of $2.29 billion, a PE ratio of 37.63 and a beta of 1.55.

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

Hedge Funds Weigh In On AAR

Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its stake in AAR by 283.1% during the 1st 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 in the last quarter. Quest Partners LLC bought a new position in shares of AAR during the second quarter valued at about $33,000. Innealta Capital LLC purchased a new position in shares of AAR in the 2nd quarter worth approximately $49,000. Geneos Wealth Management Inc. purchased a new position in AAR in the first quarter worth $63,000. Finally, Psagot Value Holdings Ltd. Israel raised its stake in shares of AAR by 737.1% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 1,105 shares of the aerospace company's stock worth $69,000 after purchasing an additional 973 shares during the period. 90.74% of the stock is currently owned by institutional investors.

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.