In a report released on December 20, Kenneth Herbert from RBC Capital maintained a Buy rating on AAR (AIR – Research Report), with a price target of $52.00. The company’s shares closed yesterday at $43.12.
According to TipRanks, Herbert is a 5-star analyst with an average return of 16.8% and a 59.02% success rate. Herbert covers the Technology sector, focusing on stocks such as Boeing, Northrop, and Maxar Technologies.
AAR has an analyst consensus of Moderate Buy, with a price target consensus of $50.00.
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Based on AAR’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $446.3 million and a net profit of $22.7 million. In comparison, last year the company earned a revenue of $455.1 million and had a net profit of $11.5 million
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AIR in relation to earlier this year. Last month, Garascia Jessica A., the VP, GC, CAO & Secretary of AIR sold 15,000.00 shares for a total of $665,400.00.
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AAR Corp. engages in the provision of products and services to commercial aviation and government and defense industries. It operates through the following segments: Aviation Services and Expeditionary Services. The Aviation Services segment consists of aftermarket support and services businesses that provide spares and maintenance support for aircraft operated by commercial and government/defense customers. The Expeditionary Services segment involves in delivery of airlift services; and design and manufacture of pallets, shelters, and containers used to support the military’s requirements for a mobile and agile force. The company was founded by Ira A. Eichner in 1951 and is headquartered in Wood Dale, IL.
Read More on AIR:
- AAR Corp. reports Q2 adjusted EPS 69c vs. 53c last year
- AAR reports second quarter fiscal year 2023 results
- AAR Corp. extends distribution relationship with Leach International Corp
- AAR extends distribution relationship with Leach International Corp
- AAR expands Ontic partnership, signing military customer support distribution contract extension and new long-term global commercial distribution agreement
