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

Shares of AAR Corp. (NYSE:AIR - Get Free Report) have earned an average recommendation of "Buy" from the five analysts that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $80.20.

AIR has been the subject of several research reports. Truist Financial reduced their target price on AAR from $81.00 to $78.00 and set a "buy" rating for the company in a research note on Friday, March 28th. KeyCorp decreased their price objective on AAR from $83.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Finally, StockNews.com upgraded AAR from a "sell" rating to a "hold" rating in a report on Saturday, April 19th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in AAR by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 3,840,885 shares of the aerospace company's stock valued at $235,369,000 after acquiring an additional 58,694 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in AAR by 8.7% during the fourth quarter. Westwood Holdings Group Inc. now owns 1,441,154 shares of the aerospace company's stock worth $88,314,000 after purchasing an additional 115,476 shares during the last quarter. Invesco Ltd. grew its position in AAR by 13.5% in the 4th quarter. Invesco Ltd. now owns 1,070,618 shares of the aerospace company's stock worth $65,607,000 after purchasing an additional 127,148 shares in the last quarter. Franklin Resources Inc. increased its stake in AAR by 13.4% in the 3rd quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company's stock valued at $59,591,000 after buying an additional 114,460 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of AAR by 2.4% during the 4th quarter. American Century Companies Inc. now owns 893,822 shares of the aerospace company's stock worth $54,773,000 after buying an additional 20,794 shares in the last quarter. Institutional investors own 90.74% of the company's stock.

AAR Trading Up 0.4 %

AIR traded up $0.19 during trading on Tuesday, hitting $52.83. The company's stock had a trading volume of 267,087 shares, compared to its average volume of 275,333. The firm has a market capitalization of $1.91 billion, a P/E ratio of 188.69 and a beta of 1.32. AAR has a twelve month low of $46.51 and a twelve month high of $76.34. The stock's fifty day moving average price is $59.81 and its 200-day moving average price is $63.44. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84.

AAR (NYSE:AIR - Get Free Report) last released its earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.03. AAR had a net margin of 0.41% and a return on equity of 10.46%. The company had revenue of $678.20 million for the quarter, compared to the consensus estimate of $699.13 million. During the same quarter in the previous year, the company earned $0.85 EPS. AAR's quarterly revenue was up 19.5% compared to the same quarter last year. Analysts anticipate that AAR will post 3.77 EPS 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.