Wall Street Zen Upgrades AAR (NYSE:AIR) to "Buy"

AAR (NYSE:AIR - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Friday.

AIR has been the topic of several other research reports. KeyCorp raised their price target on shares of AAR from $80.00 to $86.00 and gave the company an "overweight" rating in a research report on Thursday. Truist Financial raised their price target on shares of AAR from $78.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Royal Bank Of Canada raised their price target on shares of AAR from $75.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $83.75.

AAR Price Performance

Shares of NYSE:AIR traded down $1.42 during trading on Friday, hitting $83.68. 914,795 shares of the company were exchanged, compared to its average volume of 285,543. The business's 50 day moving average is $67.49 and its 200-day moving average is $64.12. The company has a market capitalization of $3.02 billion, a P/E ratio of 253.58 and a beta of 1.44. The company has a quick ratio of 1.39, a current ratio of 2.72 and a debt-to-equity ratio of 0.80. AAR has a 1-year low of $46.51 and a 1-year high of $86.43.

AAR (NYSE:AIR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The aerospace company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.16. The business had revenue of $754.50 million for the quarter, compared to analysts' expectations of $695.81 million. AAR had a net margin of 0.45% and a return on equity of 11.66%. The business's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Equities analysts forecast that AAR will post 3.77 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hughes Financial Services LLC bought a new stake in shares of AAR in the 1st quarter worth about $28,000. Putney Financial Group LLC bought a new stake in AAR during the 4th quarter valued at about $30,000. Virtus Fund Advisers LLC bought a new stake in AAR during the 4th quarter valued at about $36,000. Virtus Advisers LLC bought a new stake in AAR during the 1st quarter valued at about $47,000. Finally, Sterling Capital Management LLC lifted 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 valued at $54,000 after buying an additional 784 shares in the last quarter. Institutional investors own 90.74% of the company's stock.

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.