AAR (NYSE:AIR) Rating Increased to Hold at StockNews.com

AAR (NYSE:AIR) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Monday.

A number of other research firms have also issued reports on AIR. Benchmark reaffirmed a “buy” rating and issued a $83.00 target price on shares of AAR in a report on Friday, October 4th. Stifel Nicolaus decreased their price objective on AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, July 19th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $85.00 target price on shares of AAR in a research report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.50.

AAR Stock Up 1.3 %

Shares of NYSE AIR traded up $0.81 during mid-day trading on Monday, reaching $62.78. 369,730 shares of the company traded hands, compared to its average volume of 311,248. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 3.06. The stock has a market cap of $2.22 billion, a PE ratio of 36.93 and a beta of 1.55. The company’s fifty day moving average is $64.47 and its two-hundred day moving average is $66.84. AAR has a fifty-two week low of $54.71 and a fifty-two week high of $76.34.

AAR (NYSE:AIR) last issued its quarterly earnings data on Monday, September 23rd. The aerospace company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 10.22% and a net margin of 2.67%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 EPS. On average, analysts expect that AAR will post 3.63 earnings per share for the current year.

Institutional Trading of AAR

A number of institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in AAR by 283.1% in the first quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company’s stock valued at $33,000 after buying an additional 402 shares during the period. Quest Partners LLC acquired a new stake in shares of AAR in the 2nd quarter valued at $33,000. Innealta Capital LLC bought a new position in shares of AAR in the 2nd quarter valued at $49,000. Geneos Wealth Management Inc. bought a new position in shares of AAR in the 1st quarter valued at $63,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of AAR by 348.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,416 shares of the aerospace company’s stock valued at $103,000 after acquiring an additional 1,100 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors.

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.