Brokerages Set AAR Corp. (NYSE:AIR) Target Price at $81.00

Shares of AAR Corp. (NYSE:AIR) have been given a consensus recommendation of “Buy” by the five analysts that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $81.00.

Several research firms recently commented on AIR. Benchmark reiterated a “buy” rating and issued a $83.00 price target on shares of AAR in a research report on Friday, October 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 target price on shares of AAR in a research note on Monday, November 4th. Finally, StockNews.com upgraded AAR from a “sell” rating to a “hold” rating in a research report on Monday, October 21st.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Earnest Partners LLC raised its position in AAR by 3.2% in the second quarter. Earnest Partners LLC now owns 1,588,893 shares of the aerospace company’s stock worth $115,513,000 after acquiring an additional 48,630 shares in the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of AAR in the 2nd quarter valued at about $77,754,000. American Century Companies Inc. lifted 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 purchasing an additional 865,705 shares during the period. Geode Capital Management LLC boosted its holdings in AAR by 3.6% during the third quarter. Geode Capital Management LLC now owns 796,962 shares of the aerospace company’s stock worth $52,101,000 after buying an additional 27,747 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in AAR by 20.5% in the third quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company’s stock valued at $51,652,000 after buying an additional 134,215 shares in the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Stock Down 2.3 %

AIR opened at $69.22 on Friday. The stock has a market capitalization of $2.49 billion, a P/E ratio of 38.03 and a beta of 1.57. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 3.06. AAR has a one year low of $54.71 and a one year high of $76.34. The business’s 50-day simple moving average is $64.32 and its 200-day simple moving average is $66.52.

AAR (NYSE:AIR) last released its quarterly earnings results on Monday, September 23rd. The aerospace company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. The company had revenue of $661.70 million for the quarter, compared to analyst estimates of $645.60 million. AAR had a return on equity of 10.22% and a net margin of 2.67%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. Analysts anticipate that AAR will post 3.63 EPS for the current year.

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.