AAR Corp. (NYSE:AIR) Receives $116.57 Consensus PT from Brokerages

Share on StockTwits

Shares of AAR Corp. (NYSE:AIR) have been assigned a consensus recommendation of “Buy” from the sixteen brokerages that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $116.57.

Several research analysts have recently weighed in on AIR shares. JPMorgan Chase & Co. restated a “buy” rating and issued a $161.00 price target on shares of AAR in a research note on Wednesday, October 30th. Nord/LB restated a “neutral” rating and issued a $135.00 price target on shares of AAR in a research note on Saturday, November 2nd. DZ Bank restated a “neutral” rating on shares of AAR in a research note on Thursday, October 31st. UBS Group restated a “buy” rating and issued a $153.00 price target on shares of AAR in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $110.00 price target on shares of AAR in a research note on Wednesday, October 30th.

NYSE:AIR traded up $0.38 during trading hours on Monday, reaching $44.63. 111,400 shares of the company traded hands, compared to its average volume of 269,022. The business’s 50-day moving average price is $41.68 and its two-hundred day moving average price is $38.95. The stock has a market capitalization of $1.52 billion, a P/E ratio of 18.91 and a beta of 1.11. AAR has a 1 year low of $29.84 and a 1 year high of $47.62. The company has a current ratio of 2.58, a quick ratio of 1.18 and a debt-to-equity ratio of 0.30.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Friday, October 4th. AAR’s dividend payout ratio (DPR) is presently 12.71%.

In related news, CAO Eric Pachapa sold 1,000 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $42.04, for a total transaction of $42,040.00. Following the completion of the sale, the chief accounting officer now owns 10,889 shares in the company, valued at $457,773.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.01% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. NEXT Financial Group Inc purchased a new stake in AAR during the third quarter valued at $45,000. Tower Research Capital LLC TRC purchased a new stake in AAR during the third quarter valued at $51,000. Royal Bank of Canada increased its position in AAR by 27.8% during the second quarter. Royal Bank of Canada now owns 1,603 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 349 shares during the last quarter. LPL Financial LLC purchased a new stake in AAR during the second quarter valued at $210,000. Finally, Bank of Montreal Can increased its position in AAR by 68.4% during the second quarter. Bank of Montreal Can now owns 6,189 shares of the aerospace company’s stock valued at $228,000 after acquiring an additional 2,514 shares during the last quarter. Institutional investors own 91.37% of the company’s stock.

AAR Company Profile

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.

See Also: Compound Interest

Analyst Recommendations for AAR (NYSE:AIR)

Receive News & Ratings for AAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAR and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.