AAR (NYSE:AIR) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of AAR (NYSE:AIR) from a hold rating to a sell rating in a research report report published on Thursday morning.

Several other brokerages also recently issued reports on AIR. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of AAR in a research note on Monday, November 4th. Benchmark reiterated a “buy” rating and set a $83.00 target price on shares of AAR in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.00.

AAR Stock Up 8.6 %

NYSE:AIR opened at $67.04 on Thursday. AAR has a 1-year low of $54.71 and a 1-year high of $76.34. The company has a market capitalization of $2.41 billion, a PE ratio of 36.84 and a beta of 1.61. The firm’s 50-day moving average price is $64.69 and its 200-day moving average price is $65.30. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.06 and a quick ratio of 1.45.

AAR (NYSE:AIR) last announced its quarterly earnings data on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. AAR had a return on equity of 10.22% and a net margin of 2.67%. The business had revenue of $686.10 million during the quarter, compared to analysts’ expectations of $654.47 million. During the same quarter in the previous year, the business earned $0.81 earnings per share. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. On average, equities analysts predict that AAR will post 3.63 EPS for the current fiscal year.

Institutional Investors Weigh In On AAR

A number of large investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI purchased a new position in shares of AAR in the 3rd quarter worth $25,000. Quest Partners LLC bought a new stake in shares of AAR during the 2nd quarter valued at about $33,000. EverSource Wealth Advisors LLC increased its position in shares of AAR by 43.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock valued at $57,000 after purchasing an additional 234 shares during the last quarter. KBC Group NV lifted its stake in shares of AAR by 32.9% in the 3rd quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock worth $87,000 after purchasing an additional 328 shares during the period. Finally, L & S Advisors Inc purchased a new position in shares of AAR in the second quarter worth approximately $218,000. Institutional investors own 90.74% of the company’s stock.

AAR Company Profile

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.