AAR (AIR) Stock Rating Upgraded by Credit Suisse Group
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.
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.
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.
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