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.
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
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.