Stock Rating Downgrade
The Value Trend Rating for AAR Corp (NYSE: AIR) weakened in recent days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
AAR Corp (NYSE: AIR) stock declined slightly by -0.01% on 12/15/23. The stock closed at $70.96. Moreover, this decline was accompanied by exceptionally high trading volume at 486% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 2.4% during the last week.
Current PriceTarget Research Rating
AIR’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
AAR has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. AAR has a slightly negative Appreciation Score of 35 but a very high Power Rating of 91, resulting in the High Neutral Value Trend Rating.
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