AAR Corp (NYSE: AIR) has reported earnings for its third fiscal quarter (ending February 28) of $0.40 versus $0.63 for the same period a year ago. For the latest four quarters through February 28, E.P.S. were $1.72 compared to $2.57 a year ago.
Recent Price Action
AAR Corp (NYSE: AIR) stock closed at $63.92 on 3/21/24 after a slight decline of -0.7%. Moreover, trading volume in this decline was above average at 142% of normal. Relative to the market the stock has been strong over the last nine months but has declined -1.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, AIR is expected to continue to be a Value Builder.
AAR has a current Value Trend Rating of C (Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. AAR has a neutral Appreciation Score of 42 but a good Power Rating of 72, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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