AAR Corp. (NYSE: AIR) has a price-to-earnings ratio of 32.81x that is above its average ratio. Additionally, the 36-month beta value for AIR is 1.56. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for AIR is 34.96M and currently, short sellers hold a 2.19% ratio of that float. The average trading volume of AIR on October 11, 2024 was 320.16K shares.
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AIR) stock’s latest price update
The stock of AAR Corp. (NYSE: AIR) has decreased by -4.97 when compared to last closing price of 62.56.Despite this, the company has seen a loss of -8.92% in its stock price over the last five trading days. zacks.com reported 2024-10-09 that MT, AIN and AIR have been added to the Zacks Rank #5 (Strong Sell) List on October 9, 2024.
AIR’s Market Performance
AIR’s stock has fallen by -8.92% in the past week, with a monthly drop of -7.87% and a quarterly drop of -19.87%. The volatility ratio for the week is 2.65% while the volatility levels for the last 30 days are 2.84% for AAR Corp. The simple moving average for the past 20 days is -9.56% for AIR’s stock, with a -9.01% simple moving average for the past 200 days.
Analysts’ Opinion of AIR
Stifel, on the other hand, stated in their research note that they expect to see AIR reach a price target of $80. The rating they have provided for AIR stocks is “Buy” according to the report published on December 01st, 2023.
RBC Capital Mkts gave a rating of “Outperform” to AIR, setting the target price at $45 in the report published on October 22nd of the previous year.
AIR Trading at -7.29% from the 50-Day Moving Average
After a stumble in the market that brought AIR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.12% of loss for the given period.
Volatility was left at 2.84%, however, over the last 30 days, the volatility rate increased by 2.65%, as shares sank -9.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.97% lower at present.
During the last 5 trading sessions, AIR fell by -8.92%, which changed the moving average for the period of 200-days by -6.48% in comparison to the 20-day moving average, which settled at $65.74. In addition, AAR Corp. saw -4.73% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AIR starting from Jessup Christopher A., who sale 15,929 shares at the price of $70.09 back on May 06 ’24. After this action, Jessup Christopher A. now owns 51,803 shares of AAR Corp., valued at $1,116,483 using the latest closing price.
Pachapa Eric, the VP-CAO & Controller of AAR Corp., sale 5,121 shares at $70.96 during a trade that took place back on May 06 ’24, which means that Pachapa Eric is holding 25,015 shares at $363,399 based on the most recent closing price.
Stock Fundamentals for AIR
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.19 for the gross margin
The net margin for AAR Corp. stands at 0.03. The total capital return value is set at 0.07. Equity return is now at value 5.50, with 2.71 for asset returns.
Based on AAR Corp. (AIR), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 1.0. The interest coverage ratio of the stock is 3.0.
Currently, EBITDA for the company is 203.3 million with net debt to EBITDA at 4.67. When we switch over and look at the enterprise to sales, we see a ratio of 1.29. The receivables turnover for the company is 5.3for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.06.
Conclusion
In conclusion, AAR Corp. (AIR) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
