Wall Street Zen Upgrades AAR (NYSE:AIR) to Buy

by · The Cerbat Gem

AAR (NYSE:AIR – Get Free Report) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Other analysts have also issued research reports about the company. KeyCorp restated a “sector weight” rating on shares of AAR in a report on Wednesday, July 22nd. Truist Financial upped their price target on AAR from $128.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Royal Bank Of Canada reissued an “outperform” rating and issued a $145.00 price objective on shares of AAR in a research note on Monday, September 28th. Jefferies Financial Group increased their price objective on AAR from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, September 29th. Finally, Guggenheim restated a “neutral” rating on shares of AAR in a research report on Tuesday, September 29th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.60.

View Our Latest Analysis on AIR

AAR Stock Down 0.0%

Shares of NYSE:AIR opened at $102.47 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.28 and a current ratio of 2.83. The company has a market cap of $4.12 billion, a PE ratio of 21.00 and a beta of 1.13. AAR has a 52 week low of $76.10 and a 52 week high of $154.00. The firm has a 50 day simple moving average of $129.82 and a 200 day simple moving average of $123.79.

AAR (NYSE:AIR – Get Free Report) last posted its quarterly earnings data on Monday, September 28th. The aerospace company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.19. AAR had a net margin of 5.55% and a return on equity of 12.99%. The firm had revenue of $918.00 million during the quarter, compared to analyst estimates of $878.81 million. During the same quarter last year, the business posted $1.08 EPS. The company’s revenue was up 24.1% on a year-over-year basis. As a group, research analysts expect that AAR will post 5.93 earnings per share for the current year.

Hedge Funds Weigh In On AAR

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. bought a new stake in AAR in the second quarter worth approximately $3,630,000. Deutsche Bank AG bought a new position in shares of AAR during the 2nd quarter valued at $8,640,000. First Trust Advisors LP lifted its stake in shares of AAR by 20.4% in the 1st quarter. First Trust Advisors LP now owns 90,749 shares of the aerospace company’s stock valued at $9,933,000 after purchasing an additional 15,345 shares during the last quarter. B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of AAR in the 2nd quarter valued at $1,286,000. Finally, Jupiter Topco LLC bought a new stake in AAR in the second quarter worth $24,861,000. Institutional investors own 90.74% of the company’s stock.

About AAR

(Get Free Report)

AAR Corp. is a global aviation services company headquartered in Wood Dale, Illinois. The company supports commercial airlines, government and defense organizations, and original equipment manufacturers through aftermarket aviation products and services.

AAR’s aviation activities include the distribution and sale of aircraft parts, maintenance, repair and overhaul services, component repair, engineering support, and supply-chain management. Its parts and services support a range of commercial, government, and military aircraft, helping customers maintain aircraft availability and operational readiness.

The company also provides expeditionary and mobility-related products and services for government customers, including systems and equipment used to support transportation and logistics operations.

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