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

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

A number of analysts recently weighed in on the stock. StockNews.com raised shares of AAR from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. KeyCorp decreased their target price on shares of AAR from $83.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Finally, Truist Financial cut their price objective on shares of AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a research report on Friday, March 28th.

Institutional Trading of AAR

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in AAR by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 40,737 shares of the aerospace company's stock worth $2,663,000 after purchasing an additional 3,612 shares in the last quarter. SG Americas Securities LLC bought a new stake in AAR during the 4th quarter worth approximately $1,539,000. Charles Schwab Investment Management Inc. increased its stake in AAR by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 538,125 shares of the aerospace company's stock worth $32,976,000 after purchasing an additional 19,863 shares in the last quarter. Shelton Wealth Management LLC bought a new stake in AAR during the 4th quarter worth approximately $1,068,000. Finally, Vanguard Group Inc. increased 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 worth $235,369,000 after purchasing an additional 58,694 shares in the last quarter. 90.74% of the stock is owned by institutional investors.

AAR Price Performance

AAR stock opened at $62.62 on Friday. AAR has a 1 year low of $46.51 and a 1 year high of $76.34. The firm has a 50 day moving average price of $58.19 and a 200 day moving average price of $63.09. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 223.67 and a beta of 1.40. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68.

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

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