Stifel Nicolaus started coverage on shares of AAR (NYSE:AIR) in a research report sent to investors on Monday, Benzinga reports. The firm issued a buy rating and a $50.00 price target on the aerospace company’s stock.
A number of other equities research analysts have also issued reports on the stock. ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Canaccord Genuity cut their price target on shares of Western Energy Services from C$0.50 to C$0.40 in a report on Wednesday, March 20th. Finally, Zacks Investment Research lowered shares of HENGAN INTL GRP/ADR from a strong-buy rating to a hold rating in a report on Tuesday, May 21st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $49.57.
Shares of NYSE:AIR opened at $42.62 on Monday. The stock has a market cap of $1.37 billion, a PE ratio of 15.32 and a beta of 1.18. The stock has a fifty day simple moving average of $34.13. AAR has a 52 week low of $29.84 and a 52 week high of $51.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.33 and a current ratio of 2.76.
AAR (NYSE:AIR) last issued its earnings results on Wednesday, July 10th. The aerospace company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $562.70 million for the quarter, compared to analysts’ expectations of $529.49 million. AAR had a net margin of 0.37% and a return on equity of 9.71%. The firm’s revenue was up 18.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. On average, equities research analysts predict that AAR will post 2.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 19th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, July 18th. AAR’s dividend payout ratio (DPR) is presently 12.71%.
A number of institutional investors have recently made changes to their positions in AIR. First Trust Advisors LP raised its holdings in AAR by 122.8% in the first quarter. First Trust Advisors LP now owns 20,719 shares of the aerospace company’s stock worth $674,000 after buying an additional 11,421 shares during the last quarter. FMR LLC raised its holdings in AAR by 13,915.1% in the first quarter. FMR LLC now owns 59,424 shares of the aerospace company’s stock worth $1,932,000 after buying an additional 59,000 shares during the last quarter. Marshall Wace North America L.P. raised its holdings in AAR by 9,624.4% in the first quarter. Marshall Wace North America L.P. now owns 88,103 shares of the aerospace company’s stock worth $2,864,000 after buying an additional 87,197 shares during the last quarter. Marshall Wace LLP purchased a new position in AAR in the first quarter worth about $10,224,000. Finally, Summit Global Investments purchased a new position in AAR in the first quarter worth about $718,000. 89.40% of the stock is currently owned by institutional investors and hedge funds.
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.
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