Shares of AAR Corp. (NYSE:AIR – Get Free Report) have been assigned a consensus rating of “Buy” from the five analysts that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued a report on the stock in the last year is $83.50.
Several research firms recently issued reports on AIR. Royal Bank of Canada restated an “outperform” rating and issued a $85.00 target price on shares of AAR in a report on Tuesday, September 24th. Stifel Nicolaus dropped their target price 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. StockNews.com lowered shares of AAR from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Finally, Benchmark reiterated a “buy” rating and set a $83.00 price objective on shares of AAR in a report on Friday, October 4th.
Check Out Our Latest Stock Report on AIR
Hedge Funds Weigh In On AAR
AAR Stock Performance
Shares of AAR stock opened at $61.54 on Friday. The company has a quick ratio of 1.45, a current ratio of 3.06 and a debt-to-equity ratio of 0.81. AAR has a twelve month low of $54.71 and a twelve month high of $76.34. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 33.81 and a beta of 1.55. The company’s fifty day moving average is $64.21 and its 200 day moving average is $66.66.
AAR (NYSE:AIR – Get Free Report) last released its earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. The business had revenue of $661.70 million for the quarter, compared to analyst estimates of $645.60 million. AAR had a net margin of 2.67% and a return on equity of 10.22%. AAR’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 earnings per share. Sell-side analysts forecast that AAR will post 3.63 EPS for the current year.
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.
Further Reading
- Five stocks we like better than AAR
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- 3 Micro-Caps Set for Major Moves: Balancing Risk and Opportunity
- Profitably Trade Stocks at 52-Week Highs
- Autodesk Named a “Top Pick” by Morgan Stanley—Is It Time to Buy?
- What Makes a Stock a Good Dividend Stock?
- 4 Quirky ETFs With Big Potential for Impressive Gains
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.