AAR's (AIR) Outperform Rating Reiterated at Royal Bank Of Canada

AAR (NYSE:AIR - Get Free Report)'s stock had its "outperform" rating restated by analysts at Royal Bank Of Canada in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $145.00 price objective on the aerospace company's stock. Royal Bank Of Canada's price objective would suggest a potential upside of 25.38% from the stock's current price.

Several other research firms have also recently issued reports on AIR. Jefferies Financial Group raised their target price on shares of AAR from $150.00 to $155.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Zacks Research raised AAR from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 10th. KeyCorp reaffirmed a "sector weight" rating on shares of AAR in a research note on Wednesday, July 22nd. Wall Street Zen downgraded AAR from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Guggenheim assumed coverage on shares of AAR in a research report on Monday, September 14th. They set a "neutral" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, AAR presently has an average rating of "Moderate Buy" and an average price target of $139.60.

AAR Stock Down 0.4%

AAR stock opened at $115.65 on Monday. 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 $76.10 and a 1-year high of $154.00. The company has a market cap of $4.61 billion, a PE ratio of 23.94 and a beta of 1.11. The stock's 50 day moving average price is $132.55 and its 200 day moving average price is $123.80.

AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.15. AAR had a return on equity of 12.67% and a net margin of 5.67%.The firm had revenue of $928.00 million during the quarter, compared to the consensus estimate of $893.03 million. During the same period last year, the business posted $1.16 EPS. AAR's quarterly revenue was up 23.0% on a year-over-year basis. On average, sell-side analysts predict that AAR will post 5.92 EPS for the current fiscal year.

Institutional Trading of AAR

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. bought a new position in AAR in the second quarter valued at approximately $3,630,000. Deutsche Bank AG acquired a new stake in shares of AAR during the second quarter worth $8,640,000. First Trust Advisors LP increased its stake in AAR by 20.4% during the 1st quarter. First Trust Advisors LP now owns 90,749 shares of the aerospace company's stock worth $9,933,000 after acquiring an additional 15,345 shares during the period. EFG International AG acquired a new position in AAR in the second quarter valued at about $4,111,000. Finally, Principal Financial Group Inc. increased its stake in shares of AAR by 4.9% in the 1st quarter. Principal Financial Group Inc. now owns 675,686 shares of the aerospace company's stock valued at $73,961,000 after purchasing an additional 31,583 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company's stock.

About AAR

AAR Corp. is a global provider of aviation services supporting commercial aviation, government and defense customers. The company supplies aircraft parts and equipment, manages inventory and logistics, and provides maintenance, repair and overhaul services for aircraft and components.

AAR's offerings include parts distribution, supply-chain management, aircraft maintenance, airframe and component repair, and mobility solutions for government and defense operators. Its services are designed to help airlines, aircraft operators and government agencies maintain fleet readiness and manage aviation assets.

Founded in 1955, AAR is headquartered in Wood Dale, Illinois, and serves customers across North America, Europe, Asia and other international markets.