AAR (NYSE:AIR) had its target price boosted by SunTrust Banks to $50.00 in a report issued on Monday, The Fly reports. They currently have a buy rating on the aerospace company’s stock.
Several other equities analysts have also recently weighed in on the stock. Canaccord Genuity reiterated a hold rating and set a $40.00 price objective on shares of AAR in a research report on Friday, October 13th. Zacks Investment Research upgraded shares of AAR from a sell rating to a hold rating in a research report on Friday, September 22nd. Seaport Global Securities began coverage on shares of AAR in a research report on Tuesday, September 12th. They set a neutral rating and a $39.00 price objective on the stock. Finally, Noble Financial reissued a buy rating on shares of AAR in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. AAR presently has a consensus rating of Hold and an average price target of $42.25.
AAR (NYSE:AIR) opened at $42.47 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.90 and a quick ratio of 1.38. The stock has a market cap of $1,460.01, a P/E ratio of 28.49 and a beta of 1.34. AAR has a 12-month low of $31.20 and a 12-month high of $42.68.
AAR (NYSE:AIR) last posted its quarterly earnings data on Tuesday, September 19th. The aerospace company reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. AAR had a net margin of 3.20% and a return on equity of 5.66%. The firm had revenue of $439.20 million for the quarter, compared to analysts’ expectations of $410.52 million. During the same period in the previous year, the company posted $0.29 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. equities analysts forecast that AAR will post 1.81 EPS for the current year.
In other AAR news, Director Ronald R. Fogleman sold 3,000 shares of AAR stock in a transaction on Friday, December 29th. The shares were sold at an average price of $33.47, for a total transaction of $100,410.00. Following the completion of the sale, the director now owns 23,406 shares of the company’s stock, valued at approximately $783,398.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.33% of the company’s stock.
Large investors have recently modified their holdings of the business. Macquarie Group Ltd. acquired a new stake in shares of AAR during the 3rd quarter valued at $144,000. Victory Capital Management Inc. lifted its stake in shares of AAR by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,262 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 639 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of AAR in the 3rd quarter valued at $200,000. Cubist Systematic Strategies LLC acquired a new stake in shares of AAR in the 2nd quarter valued at $213,000. Finally, Group One Trading L.P. acquired a new stake in shares of AAR in the 3rd quarter valued at $233,000. 87.90% of the stock is owned by institutional investors.
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AAR Company Profile
AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.
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