AAR (NYSE:AIR) Rating Lowered to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen lowered AAR from a “strong-buy” to a “buy,” though the overall analyst picture still remains positive. MarketBeat shows a consensus rating of Moderate Buy with an average price target of $131.20.
• AAR has recently seen a mix of bullish analyst actions from other firms, including higher price targets from RBC, KeyCorp, and Jefferies, as well as upgrades from Truist and Weiss Ratings.
• The company posted solid recent results, with quarterly EPS of $1.25 versus estimates of $1.21 and revenue of $845.1 million, up 24.6% year over year.

AAR (NYSE:AIR - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday.

AIR has been the subject of several other reports. Royal Bank Of Canada increased their target price on AAR from $105.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, March 25th. Truist Financial upgraded AAR to a "strong-buy" rating in a research note on Friday, May 1st. KeyCorp increased their target price on AAR from $120.00 to $132.00 and gave the company an "overweight" rating in a research note on Thursday, April 9th. Jefferies Financial Group increased their target price on AAR to $150.00 and gave the company a "buy" rating in a research note on Tuesday, March 24th. Finally, Weiss Ratings upgraded AAR from a "hold (c+)" rating to a "buy (b)" rating in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, AAR currently has a consensus rating of "Moderate Buy" and an average price target of $131.20.

AAR Stock Performance

AAR stock opened at $117.76 on Friday. The stock has a market cap of $4.68 billion, a P/E ratio of 26.11 and a beta of 1.14. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average of $112.92 and a 200-day moving average of $99.64. AAR has a 52 week low of $58.73 and a 52 week high of $127.21.

AAR (NYSE:AIR - Get Free Report) last released its earnings results on Tuesday, March 24th. The aerospace company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.21 by $0.04. The company had revenue of $845.10 million during the quarter, compared to analysts' expectations of $812.58 million. AAR had a return on equity of 12.39% and a net margin of 5.46%.The business's revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 EPS. On average, analysts expect that AAR will post 4.95 EPS for the current fiscal year.

Insider Transactions at AAR

In other AAR news, CEO John Mcclain Holmes III sold 26,175 shares of the firm's stock in a transaction on Friday, March 27th. The stock was sold at an average price of $107.60, for a total value of $2,816,430.00. Following the sale, the chief executive officer directly owned 235,064 shares in the company, valued at approximately $25,292,886.40. This trade represents a 10.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.60% of the company's stock.

Institutional Investors Weigh In On AAR

A number of hedge funds and other institutional investors have recently modified their holdings of AIR. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of AAR during the first quarter valued at about $25,000. McMillan Office Inc. acquired a new position in AAR during the fourth quarter worth about $25,000. Osterweis Capital Management Inc. acquired a new position in AAR during the second quarter worth about $26,000. Morse Asset Management Inc acquired a new position in AAR during the third quarter worth about $27,000. Finally, NBC Securities Inc. acquired a new position in AAR during the fourth quarter worth about $28,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.