AAR (NYSE:AIR) Given New $81.00 Price Target at Truist Financial

AAR (NYSE:AIR - Get Free Report) had its price objective raised by Truist Financial from $78.00 to $81.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the aerospace company's stock. Truist Financial's target price would indicate a potential upside of 8.59% from the company's current price.

Other research analysts have also issued research reports about the stock. KeyCorp lowered their price objective 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. Wall Street Zen upgraded shares of AAR from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, AAR presently has a consensus rating of "Moderate Buy" and an average price target of $80.80.

AAR Stock Performance

Shares of AIR traded up $0.04 during mid-day trading on Friday, reaching $74.59. 570,267 shares of the company's stock traded hands, compared to its average volume of 278,706. The business's 50-day moving average price is $65.54 and its 200-day moving average price is $63.50. The stock has a market capitalization of $2.69 billion, a P/E ratio of -207.19 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. AAR has a 12 month low of $46.51 and a 12 month high of $76.34.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE grew its position in AAR by 3.8% during the 4th quarter. US Bancorp DE now owns 6,118 shares of the aerospace company's stock worth $375,000 after purchasing an additional 225 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in AAR by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 538,125 shares of the aerospace company's stock worth $32,976,000 after purchasing an additional 19,863 shares in the last quarter. Victory Capital Management Inc. grew its position in AAR by 2.7% during the 4th quarter. Victory Capital Management Inc. now owns 14,847 shares of the aerospace company's stock worth $910,000 after purchasing an additional 390 shares in the last quarter. Arizona State Retirement System grew its position in AAR by 2.1% during the 4th quarter. Arizona State Retirement System now owns 10,420 shares of the aerospace company's stock worth $639,000 after purchasing an additional 219 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of AAR during the 4th quarter valued at $6,849,000. Institutional investors and hedge funds 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.