AAR Corp (NYSE:AIR) Sees Coverage Initiated By Seaport Global with a $39.0 Price

September 17, 2017 - By Vivian Park

 AAR Corp (NYSE:AIR) Sees Coverage Initiated By Seaport Global with a $39.0 Price

Investors sentiment decreased to 1.07 in Q4 2016. Its down 0.33, from 1.4 in 2016Q3. It is negative, as 14 investors sold AAR Corp. shares while 57 reduced holdings. 25 funds opened positions while 51 raised stakes. 29.82 million shares or 1.66% more from 29.33 million shares in 2016Q3 were reported.

Moreover, Hsbc Public Limited has 0% invested in AAR Corp. (NYSE:AIR) for 10,818 shares. Numeric Investors Lc invested 0.04% in AAR Corp. (NYSE:AIR). Rice Hall James & Associate Limited Liability Com holds 99,567 shares. Tower Rech Cap Ltd Liability (Trc) invested in 0.01% or 1,580 shares. Blackrock Gru owns 74,656 shares. New York State Common Retirement Fund invested 0% of its portfolio in AAR Corp. (NYSE:AIR). Tiaa Cref Invest Lc owns 0% invested in AAR Corp. (NYSE:AIR) for 170,920 shares. Federated Invsts Pa accumulated 0% or 1,552 shares. Moreover, Peak6 Invs Lp has 0% invested in AAR Corp. (NYSE:AIR) for 402 shares. D E Shaw And Incorporated reported 8,350 shares. Acadian Asset Limited Liability Corp holds 63,267 shares. Panagora Asset reported 1,505 shares. Gemmer Asset Mngmt Lc has invested 0% in AAR Corp. (NYSE:AIR). Columbus Circle Investors holds 0.11% or 248,037 shares in its portfolio. The Colorado-based Employees Retirement Association Of Colorado has invested 0% in AAR Corp. (NYSE:AIR).

Since April 3, 2017, it had 0 insider purchases, and 2 insider sales for $293,747 activity. $170,517 worth of AAR Corp. (NYSE:AIR) was sold by Holmes John McClain III on Monday, April 3. Another trade for 3,500 shares valued at $123,230 was made by Anderson Anthony on Tuesday, May 16.

Why Has Seaport Global Given AAR Corp (NYSE:AIR) a $39.0 Price Target

Expert analysts at Seaport Global gave a key Hold rating for AAR Corp (NYSE:AIR). The firm has begun coverage in a research report sent to clients and investors on Tuesday, 12 September. The TP suggests upside of 10.61 % from the last stock price.

Investors sentiment decreased to 1.07 in Q4 2016. Its down 0.33, from 1.4 in 2016Q3. It is negative, as 14 investors sold AAR Corp. shares while 57 reduced holdings. 25 funds opened positions while 51 raised stakes. 29.82 million shares or 1.66% more from 29.33 million shares in 2016Q3 were reported.

Moreover, Hsbc Public Limited has 0% invested in AAR Corp. (NYSE:AIR) for 10,818 shares. Numeric Investors Lc invested 0.04% in AAR Corp. (NYSE:AIR). Rice Hall James & Associate Limited Liability Com holds 99,567 shares. Tower Rech Cap Ltd Liability (Trc) invested in 0.01% or 1,580 shares. Blackrock Gru owns 74,656 shares. New York State Common Retirement Fund invested 0% of its portfolio in AAR Corp. (NYSE:AIR). Tiaa Cref Invest Lc owns 0% invested in AAR Corp. (NYSE:AIR) for 170,920 shares. Federated Invsts Pa accumulated 0% or 1,552 shares. Moreover, Peak6 Invs Lp has 0% invested in AAR Corp. (NYSE:AIR) for 402 shares. D E Shaw And Incorporated reported 8,350 shares. Acadian Asset Limited Liability Corp holds 63,267 shares. Panagora Asset reported 1,505 shares. Gemmer Asset Mngmt Lc has invested 0% in AAR Corp. (NYSE:AIR). Columbus Circle Investors holds 0.11% or 248,037 shares in its portfolio. The Colorado-based Employees Retirement Association Of Colorado has invested 0% in AAR Corp. (NYSE:AIR).

Since April 3, 2017, it had 0 insider purchases, and 2 insider sales for $293,747 activity. $170,517 worth of AAR Corp. (NYSE:AIR) was sold by Holmes John McClain III on Monday, April 3. Another trade for 3,500 shares valued at $123,230 was made by Anderson Anthony on Tuesday, May 16.

AAR Corp. (NYSE:AIR) Ratings Coverage

Among 6 analysts covering AAR Corp. (NYSE:AIR), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. AAR Corp. has $43 highest and $25 lowest target. $37.60’s average target is 6.64% above currents $35.26 stock price. AAR Corp. had 11 analyst reports since December 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by Noble Financial given on Tuesday, April 4. The stock of AAR Corp. (NYSE:AIR) earned “Hold” rating by Canaccord Genuity on Wednesday, September 6. The company was initiated on Tuesday, October 25 by Gabelli. The firm earned “Buy” rating on Thursday, January 19 by SunTrust. Seaport Global initiated it with “Hold” rating and $39.0 target in Tuesday, September 12 report. The firm has “Buy” rating given on Tuesday, July 18 by Noble Financial. As per Thursday, August 10, the company rating was maintained by Noble Financial. The firm has “Buy” rating given on Thursday, January 19 by Suntrust Robinson. The stock of AAR Corp. (NYSE:AIR) earned “Buy” rating by Noble Financial on Wednesday, July 12.

The stock decreased 0.25% or $0.09 on September 15, reaching $35.26. About 581,199 shares traded or 272.88% up from the average. AAR Corp. (NYSE:AIR) has risen 46.02% since September 17, 2016 and is uptrending. It has outperformed by 29.32% the S&P500.

Wall Street await AAR Corp. (NYSE:AIR) to release earnings on September, 19 after the close. Analysts forecast EPS of $0.29, exactly $0.00 or 0.00 % from 2014’s $0.29 EPS. The expected AIR’s profit could reach $10.03 million giving the stock 30.40 P/E in the case that $0.29 earnings per share is reported. After posting $0.44 EPS for the previous quarter, AAR Corp.’s analysts now forecast -34.09 % negative EPS growth.

AAR CORP. is a provider of services and products to the commercial aviation and government and defense markets. The company has market cap of $1.22 billion. The Firm operates in two divisions: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities. It has a 24.21 P/E ratio. The Company’s services and products include aviation supply chain and parts support programs; MRO of aircraft and landing gear; design and manufacture of specialized pallets, shelters and containers; expeditionary airlift services; aircraft modifications, and aircraft and engine sales and leasing.

More recent AAR Corp. (NYSE:AIR) news were published by: Nasdaq.com which released: “AAR Corp (AIR) Q4 Earnings Top Estimates, Revenues Up Y/Y” on July 12, 2017. Also Nasdaq.com published the news titled: “AAR Corp. (AIR) Ex-Dividend Date Scheduled for July 19, 2017” on July 18, 2017. Seekingalpha.com‘s news article titled: “AAR Corp. – Momentum Remains Strong, Solid Long-Term Growth Play” with publication date: March 22, 2017 was also an interesting one.

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