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

Key Points

• AAR received a “Moderate Buy” consensus rating from seven analysts, with four buys, two holds and one strong buy. The average 12-month price target is $135.60, while Jefferies and Truist recently raised their targets to $155 and $145, respectively.
• AAR reported quarterly earnings of $1.53 per share, exceeding estimates of $1.38, while revenue reached $928 million and rose 23% year over year.
• Institutional investors own 90.74% of AAR’s stock, with major holders including BlackRock, Vanguard, State Street and Wellington increasing or establishing positions.

AAR Corp. (NYSE:AIR - Get Free Report) has received an average rating of "Moderate Buy" from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $135.60.

A number of brokerages have recently commented on AIR. Truist Financial lifted their price target on shares of AAR from $128.00 to $145.00 and gave the stock a "buy" rating in a research note on Monday, July 27th. KeyCorp restated a "sector weight" rating on shares of AAR in a report on Wednesday, July 22nd. Wall Street Zen downgraded shares of AAR from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Zacks Research upgraded shares of AAR from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 10th. Finally, Jefferies Financial Group raised their price target on AAR from $150.00 to $155.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th.

AAR Stock Up 1.3%

AIR stock opened at $134.15 on Friday. The stock has a market capitalization of $5.35 billion, a P/E ratio of 27.77 and a beta of 1.11. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.84 and a quick ratio of 1.24. AAR has a 1-year low of $72.00 and a 1-year high of $154.00. The business has a fifty day moving average price of $138.58 and a 200-day moving average price of $121.86.

AAR (NYSE:AIR - Get Free Report) last issued its earnings results on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.15. The business had revenue of $928.00 million during the quarter, compared to analyst estimates of $893.03 million. AAR had a return on equity of 12.67% and a net margin of 5.67%.AAR's revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 EPS. Equities analysts forecast that AAR will post 5.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AAR

A number of large investors have recently made changes to their positions in AIR. BlackRock Inc. bought a new position in shares of AAR in the 2nd quarter worth approximately $925,068,000. Vanguard Group Inc. grew its position in AAR by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 4,061,230 shares of the aerospace company's stock valued at $336,229,000 after buying an additional 281,871 shares during the period. State Street Corp increased its holdings in AAR by 17.1% during the fourth quarter. State Street Corp now owns 2,320,927 shares of the aerospace company's stock valued at $192,150,000 after buying an additional 339,595 shares during the last quarter. Wellington Management Group LLP increased its holdings in AAR by 17.4% during the fourth quarter. Wellington Management Group LLP now owns 1,745,352 shares of the aerospace company's stock valued at $144,498,000 after buying an additional 258,577 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in AAR by 36.9% in the third quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company's stock worth $107,752,000 after acquiring an additional 311,258 shares during the period. 90.74% of the stock is currently owned by institutional investors.

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.

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