AAR Corp. (NYSE:AIR) Receives $125.80 Consensus Price Target from Analysts

Shares of AAR Corp. (NYSE:AIR) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $128.80.

Several equities research analysts have issued reports on the company. Jefferies Financial Group increased their target price on AAR to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Wall Street Zen upgraded AAR from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. The Goldman Sachs Group began coverage on AAR in a report on Monday, January 26th. They set a “neutral” rating and a $121.00 price objective on the stock. Zacks Research downgraded AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, KeyCorp upped their price target on AAR from $109.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th.

AAR Price Performance

Shares of NYSE:AIR opened at $103.20 on Thursday. The firm has a market capitalization of $4.10 billion, a PE ratio of 22.88 and a beta of 1.19. The company has a quick ratio of 1.23, a current ratio of 2.70 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $110.28 and a two-hundred day moving average price of $93.34. AAR has a twelve month low of $46.51 and a twelve month high of $122.97.

AAR (NYSE:AIR) last announced its quarterly earnings results on Tuesday, March 24th. The aerospace company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. The company had revenue of $845.10 million for the quarter, compared to analysts’ expectations of $812.58 million. AAR had a net margin of 5.46% and a return on equity of 12.39%. AAR’s revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 EPS. Equities analysts forecast that AAR will post 3.77 EPS for the current year.

Insider Activity

In related news, CFO Sarah Louise Flanagan sold 10,750 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $108.56, for a total transaction of $1,167,020.00. Following the sale, the chief financial officer owned 32,848 shares of the company’s stock, valued at approximately $3,565,978.88. This represents a 24.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Jessica A. Garascia sold 4,787 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $95.25, for a total transaction of $455,961.75. Following the completion of the sale, the chief accounting officer owned 29,557 shares in the company, valued at $2,815,304.25. This represents a 13.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 128,984 shares of company stock worth $12,517,090 in the last three months. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On AAR

Institutional investors and hedge funds have recently made changes to their positions in the business. McMillan Office Inc. bought a new position in AAR in the 4th quarter worth about $25,000. Osterweis Capital Management Inc. bought a new stake in shares of AAR during the 2nd quarter valued at about $26,000. Morse Asset Management Inc bought a new stake in shares of AAR during the 3rd quarter valued at about $27,000. NBC Securities Inc. purchased a new position in shares of AAR during the fourth quarter worth about $28,000. Finally, Danske Bank A S purchased a new position in shares of AAR during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.

AAR Company Profile

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.