AAR (NYSE:AIR) Stock Rating Reaffirmed by Benchmark

AAR (NYSE:AIR)‘s stock had its “buy” rating restated by stock analysts at Benchmark in a note issued to investors on Friday, Benzinga reports. They presently have a $83.00 target price on the aerospace company’s stock. Benchmark’s target price would indicate a potential upside of 26.76% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus lowered their price target on shares of AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, July 19th. Royal Bank of Canada reissued an “outperform” rating and set a $85.00 target price on shares of AAR in a report on Tuesday, September 24th. Finally, StockNews.com lowered shares of AAR from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $83.50.

AAR Trading Up 0.3 %

AIR opened at $65.48 on Friday. The company has a current ratio of 2.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $2.32 billion, a P/E ratio of 38.52 and a beta of 1.55. The firm’s fifty day simple moving average is $64.34 and its 200 day simple moving average is $66.68. AAR has a 12 month low of $54.71 and a 12 month high of $76.34.

AAR (NYSE:AIR) last posted its quarterly earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $661.70 million during the quarter, compared to the consensus estimate of $645.60 million. AAR had a return on equity of 10.31% and a net margin of 2.67%. The business’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. As a group, research analysts anticipate that AAR will post 3.72 EPS for the current fiscal year.

Hedge Funds Weigh In On AAR

Large investors have recently modified their holdings of the business. Westwood Holdings Group Inc. acquired a new stake in AAR in the second quarter valued at $77,754,000. American Century Companies Inc. increased its stake in shares of AAR by 1,956.5% in the second quarter. American Century Companies Inc. now owns 909,953 shares of the aerospace company’s stock valued at $66,154,000 after buying an additional 865,705 shares during the period. Boston Partners bought a new position in shares of AAR during the first quarter worth about $25,794,000. Allspring Global Investments Holdings LLC boosted its holdings in AAR by 889.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 391,076 shares of the aerospace company’s stock valued at $23,414,000 after acquiring an additional 351,540 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in AAR by 83.6% in the second quarter. Thrivent Financial for Lutherans now owns 297,482 shares of the aerospace company’s stock valued at $21,627,000 after acquiring an additional 135,445 shares during the last quarter. Institutional investors own 90.74% of the company’s stock.

About AAR

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.