AAR Corp. (NYSE:AIR) Given Average Rating of "Buy" by Brokerages

Shares of AAR Corp. (NYSE:AIR - Get Free Report) have been assigned an average rating of "Buy" from the five ratings firms that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $80.20.

Several research analysts recently commented on AIR shares. KeyCorp reduced their price objective on AAR from $83.00 to $80.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Wall Street Zen upgraded shares of AAR from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. Finally, Truist Financial decreased their price target on shares of AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a research note on Friday, March 28th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AIR. Hughes Financial Services LLC acquired a new stake in shares of AAR during the first quarter worth about $28,000. Putney Financial Group LLC purchased a new stake in AAR during the 4th quarter valued at approximately $30,000. Virtus Fund Advisers LLC purchased a new stake in AAR during the 4th quarter valued at approximately $36,000. Virtus Advisers LLC acquired a new stake in AAR during the 1st quarter worth approximately $47,000. Finally, Sterling Capital Management LLC grew its stake in shares of AAR by 761.2% in the 4th quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company's stock valued at $54,000 after purchasing an additional 784 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company's stock.

AAR Stock Performance

Shares of NYSE:AIR traded up $0.50 during midday trading on Wednesday, reaching $68.27. The company's stock had a trading volume of 298,637 shares, compared to its average volume of 278,250. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. The stock has a fifty day moving average of $57.70 and a 200 day moving average of $62.88. AAR has a twelve month low of $46.51 and a twelve month high of $76.34. The firm has a market capitalization of $2.46 billion, a PE ratio of 243.83 and a beta of 1.43.

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

About AAR

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.