AAR (NYSE:AIR) Stock Price Expected to Rise, Truist Financial Analyst Says

AAR (NYSE:AIR - Get Free Report) had its price objective increased by equities researchers at Truist Financial from $78.00 to $81.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the aerospace company's stock. Truist Financial's price target would suggest a potential upside of 8.52% from the company's current price.

AIR has been the subject of a number of other reports. Wall Street Zen raised AAR from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. KeyCorp decreased their target price on AAR from $83.00 to $80.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, AAR has an average rating of "Moderate Buy" and a consensus price target of $80.80.

AAR Stock Performance

AIR stock traded down $0.20 during mid-day trading on Friday, reaching $74.64. The company had a trading volume of 447,502 shares, compared to its average volume of 279,220. AAR has a one year low of $46.51 and a one year high of $76.34. The stock has a market capitalization of $2.69 billion, a P/E ratio of -207.33 and a beta of 1.44. The company has a quick ratio of 1.39, a current ratio of 2.82 and a debt-to-equity ratio of 0.86. The stock's 50-day simple moving average is $65.54 and its two-hundred day simple moving average is $63.54.

Institutional Investors Weigh In On AAR

A number of institutional investors and hedge funds have recently modified their holdings of AIR. Hughes Financial Services LLC purchased a new stake in shares of AAR during the first quarter valued at $28,000. Putney Financial Group LLC acquired a new stake in AAR during the 4th quarter worth about $30,000. Virtus Fund Advisers LLC purchased a new stake in AAR during the fourth quarter valued at about $36,000. Virtus Advisers LLC acquired a new position in shares of AAR in the first quarter worth about $47,000. Finally, Sterling Capital Management LLC increased its position in shares of AAR by 761.2% in the fourth quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company's stock worth $54,000 after acquiring an additional 784 shares in the last quarter. 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.