AAR (NYSE:AIR) Given “Buy” Rating at Goldman Sachs Group

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AAR (NYSE:AIR)‘s stock had its “buy” rating reissued by research analysts at Goldman Sachs Group in a research note issued to investors on Friday, Stock Target Advisor reports. They currently have a $158.00 price target on the aerospace company’s stock. Goldman Sachs Group’s price objective indicates a potential upside of 264.48% from the stock’s previous close.

Several other research firms have also recently issued reports on AIR. Stifel Nicolaus boosted their target price on shares of AAR from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Independent Research reiterated a “neutral” rating and issued a $133.00 target price on shares of AAR in a research note on Thursday, October 31st. Barclays reiterated a “buy” rating and issued a $155.00 target price on shares of AAR in a research note on Thursday, October 31st. Kepler Capital Markets reiterated a “buy” rating and issued a $134.00 target price on shares of AAR in a research note on Wednesday, October 30th. Finally, SunTrust Banks boosted their target price on shares of AAR from $40.00 to $46.00 and gave the company a “hold” rating in a research note on Thursday, September 26th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $116.57.

Shares of AIR traded down $0.84 during trading hours on Friday, hitting $43.35. The stock had a trading volume of 105,572 shares, compared to its average volume of 272,108. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.18 and a current ratio of 2.58. The firm has a 50-day moving average price of $41.75 and a 200 day moving average price of $38.69. AAR has a fifty-two week low of $29.84 and a fifty-two week high of $49.72. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 18.37 and a beta of 1.11.

AAR (NYSE:AIR) last posted its earnings results on Wednesday, September 25th. The aerospace company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. AAR had a negative net margin of 0.15% and a positive return on equity of 9.94%. The firm had revenue of $541.50 million during the quarter, compared to analysts’ expectations of $495.03 million. During the same period in the previous year, the business posted $0.54 EPS. The business’s revenue was up 16.1% compared to the same quarter last year. As a group, analysts predict that AAR will post 2.62 EPS for the current fiscal year.

In other AAR news, CAO Eric Pachapa sold 1,000 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $42.04, for a total transaction of $42,040.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,889 shares in the company, valued at $457,773.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.01% of the company’s stock.

Large investors have recently bought and sold shares of the business. NEXT Financial Group Inc acquired a new position in AAR during the third quarter worth $45,000. Tower Research Capital LLC TRC purchased a new stake in shares of AAR during the third quarter worth $51,000. Royal Bank of Canada grew its holdings in shares of AAR by 27.8% during the second quarter. Royal Bank of Canada now owns 1,603 shares of the aerospace company’s stock worth $60,000 after buying an additional 349 shares in the last quarter. LPL Financial LLC purchased a new stake in shares of AAR during the second quarter worth $210,000. Finally, Bank of Montreal Can grew its holdings in shares of AAR by 68.4% during the second quarter. Bank of Montreal Can now owns 6,189 shares of the aerospace company’s stock worth $228,000 after buying an additional 2,514 shares in the last quarter. Institutional investors own 91.72% of the company’s stock.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates in two segments, Aviation Services and Expeditionary Services. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.

Further Reading: Calculating net profit and net profit margin ratio

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Analyst Recommendations for AAR (NYSE:AIR)

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