Brokerages Set AAR Corp. (NYSE:AIR) Price Target at $80.20

Shares of AAR Corp. (NYSE:AIR - Get Free Report) have earned a consensus rating of "Buy" from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $80.20.

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

AAR Stock Down 0.1%

Shares of AIR stock traded down $0.09 on Friday, reaching $71.37. 33,088 shares of the company's stock traded hands, compared to its average volume of 267,926. AAR has a 12-month low of $46.51 and a 12-month high of $76.34. The company has a market capitalization of $2.58 billion, a P/E ratio of -198.25 and a beta of 1.44. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.39 and a current ratio of 2.82. The business's 50 day moving average price is $63.70 and its two-hundred day moving average price is $63.11.

Institutional Trading of AAR

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hughes Financial Services LLC bought a new position in shares of AAR in the 1st quarter valued at about $28,000. Putney Financial Group LLC acquired a new position in AAR in the fourth quarter valued at approximately $30,000. Virtus Fund Advisers LLC bought a new position in AAR in the fourth quarter valued at approximately $36,000. Virtus Advisers LLC acquired a new stake in AAR during the 1st quarter worth $47,000. Finally, Sterling Capital Management LLC grew its holdings in AAR by 761.2% during the 4th quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company's stock worth $54,000 after acquiring an additional 784 shares during the period. Institutional investors and hedge funds own 90.74% of the company's stock.

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.