AAR (NYSE:AIR) was upgraded by analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research note issued to investors on Friday, MarketBeat.com reports.

A number of other research analysts have also commented on the company. Zacks Investment Research upgraded AAR from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. SunTrust Banks increased their price objective on AAR to $50.00 and gave the company a “buy” rating in a research report on Monday, December 4th. Canaccord Genuity reiterated a “hold” rating and issued a $40.00 price objective on shares of AAR in a research report on Friday, October 13th. Noble Financial reiterated a “buy” rating on shares of AAR in a research report on Friday, December 22nd. Finally, TheStreet lowered AAR from a “b” rating to a “c+” rating in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. AAR has a consensus rating of “Hold” and an average target price of $42.25.

Shares of AAR (NYSE:AIR) opened at $41.73 on Friday. The company has a market capitalization of $1,449.24, a P/E ratio of 28.20 and a beta of 1.36. AAR has a 12-month low of $31.23 and a 12-month high of $44.04. The company has a current ratio of 2.65, a quick ratio of 1.23 and a debt-to-equity ratio of 0.24.

AAR (NYSE:AIR) last announced its quarterly earnings data on Thursday, December 21st. The aerospace company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The firm had revenue of $449.70 million during the quarter, compared to the consensus estimate of $450.56 million. AAR had a net margin of 1.25% and a return on equity of 5.61%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 earnings per share. analysts anticipate that AAR will post 1.81 earnings per share for the current year.

In other AAR news, Director Ronald R. Fogleman sold 3,000 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of $33.47, for a total value of $100,410.00. Following the transaction, the director now directly owns 23,406 shares in the company, valued at approximately $783,398.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.33% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of AIR. Macquarie Group Ltd. bought a new position in shares of AAR in the 3rd quarter worth $144,000. Victory Capital Management Inc. boosted its position in shares of AAR by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,262 shares of the aerospace company’s stock worth $148,000 after purchasing an additional 639 shares during the last quarter. Highbridge Capital Management LLC bought a new position in shares of AAR in the 3rd quarter worth $200,000. Cubist Systematic Strategies LLC bought a new position in shares of AAR in the 2nd quarter worth $213,000. Finally, OxFORD Asset Management LLP bought a new position in shares of AAR in the 2nd quarter worth $230,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

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About AAR

AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.

Analyst Recommendations for AAR (NYSE:AIR)

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