AAR Corp Add to portfolio

Shares of AAR Corp. (NYSE:AIR) have earned an average recommendation of “Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $50.20. Zacks Investment Research raised shares of AAR from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Monday, September 30th. Arizona State Retirement System now owns 50,589 shares of the aerospace company’s stock valued at $1,861,000 after acquiring an additional 240 shares during the period.

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AAR reported sales of $493.30 million during the same quarter last year, which indicates a positive year over year growth rate of 7.2%. According to Zacks, analysts expect that AAR will report full year sales of $2.25 billion for the current financial year. For the next fiscal year, analysts expect that the firm will report sales of $2.32 billion, with estimates ranging from $2.28 billion to $2.40 billion. The aerospace company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.06. Stifel Nicolaus boosted their target price on shares of AAR from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, September 26th.

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By: AJOT | Dec 04 2019 at 12:01 PM | Intermodal News. “Rail traffic continues to struggle because U.S. manufacturing is soft, trade disputes and the uncertainty they entail are ongoing, and economic growth abroad isn’t what it could be,” said AAR Senior Vice President John T. Gray. Commodity groups that posted decreases compared with the same week in 2018 included coal, down 20,027 carloads, to 67,858; nonmetallic minerals, down 10,328 carloads, to 23,948; and chemicals, down 7,286 carloads, to 27,694. North American rail volume for the week ending November 30, 2019, on 12 reporting U.S., Canadian and Mexican railroads totaled 305,507 carloads, down 20.3 percent compared with the same week last year, and 307,219 intermodal units, down 19.7 percent compared with last year. CN today announced that its recovery plan is on track and that it is revising its guidance following the impact of the 8-day strike.View Article.

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WOOD DALE, Ill., Dec. 4, 2019 /PRNewswire/ -- AAR (NYSE: AIR) today announced that it will release financial results for its second quarter of Fiscal Year 2020, ended November 30, 2019, after the market closes on Thursday, December 19, 2019. The conference call can be accessed by calling 866-802-4322 from inside the U.S. or +1-703-639-1319 from outside the U.S. A replay of the conference call will also be available by calling 855-859-2056 from inside the U.S. or +1-404-537-3406 from outside the U.S. (access code 3846045). AAR is a global aftermarket solutions company that employs more than 6,000 people in over 20 countries. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled "Risk Factors", included in the Company's Form 10-K for the fiscal year ended May 31, 2019.

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On average, analysts expect that AAR will report full-year earnings of $2.62 per share for the current fiscal year, with EPS estimates ranging from $2.60 to $2.63. For the next financial year, analysts anticipate that the firm will post earnings of $2.97 per share, with EPS estimates ranging from $2.93 to $3.02. AAR (NYSE:AIR) last announced its earnings results on Wednesday, September 25th. The firm had revenue of $541.50 million for the quarter, compared to analyst estimates of $495.03 million. Royal Bank of Canada now owns 1,603 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 349 shares during the last quarter.

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AAR Corp. (NYSE:AIR) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 1,200,000 shares, a decrease of 9.1% from the October 31st total of 1,320,000 shares. Based on an average daily volume of 202,700 shares, the short-interest ratio is presently 5.9 days. The company has a current ratio of 2.58, a quick ratio of 1.18 and a debt-to-equity ratio of 0.30. In other AAR news, CAO Eric Pachapa sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 30th.

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AAR (NYSE:AIR)‘s stock had its “neutral” rating reissued by analysts at Nord/LB in a report issued on Saturday, November 2nd, Stock Target Advisor reports. They presently have a $135.00 price target on the aerospace company’s stock. Nord/LB’s target price points to a potential upside of 201.54% from the company’s current price. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Shares of AAR stock traded up $0.62 during trading on Friday, reaching $44.77.

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Zacks Investment Research upgraded AAR from a hold rating to a buy rating and set a $44.00 price target on the stock in a research report on Monday, September 30th. AAR has an average rating of Buy and a consensus target price of $116.57. 112,306 shares of the company’s stock were exchanged, compared to its average volume of 264,938. First Mercantile Trust Co. acquired a new position in shares of AAR in the 3rd quarter valued at $566,000. South Dakota Investment Council lifted its stake in shares of AAR by 40.0% in the 2nd quarter. South Dakota Investment Council now owns 28,850 shares of the aerospace company’s stock valued at $1,061,000 after purchasing an additional 8,250 shares during the period.

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Aar Corp (NYSE:AIR) institutional sentiment decreased to 1.21 in 2019 Q2. The active investment managers in our partner’s database now own: 30.40 million shares, up from 30.23 million shares in 2019Q1. This segment also sells and leases new, overhauled, and repaired engine and airframe parts and components; and provides inventory and repair programs, warranty claim management, and outsourcing programs for engine and airframe parts and components, as well as performance logistics programs in support of the U.S. More interesting news about AAR Corp. (NYSE:AIR) were released by: Businesswire.com and their article: “Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against Sealed Air Corporation – Business Wire” published on November 01, 2019 as well as Finance.Yahoo.com‘s news article titled: “AAR Corp. (NYSE:AIR): The Best Of Both Worlds – Yahoo Finance” with publication date: August 10, 2019.

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Finally, SunTrust Banks increased their price target on AAR from $40.00 to $46.00 and gave the company a “hold” rating in a research note on Thursday, September 26th. During the same period last year, the company earned $0.54 earnings per share. As a group, equities research analysts anticipate that AAR will post 2.62 earnings per share for the current fiscal year. In other AAR news, CAO Eric Pachapa sold 1,000 shares of the stock in a transaction that occurred on Monday, September 30th. Several hedge funds have recently bought and sold shares of the company. Northern Trust Corp lifted its holdings in shares of AAR by 0.8% in the second quarter. Northern Trust Corp now owns 1,276,020 shares of the aerospace company’s stock valued at $46,944,000 after purchasing an additional 10,596 shares in the last quarter.

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