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AAR Corp (NYSE: AIR) Sees Positive Outlook from KeyBanc with a 19.41% Potential Upside
Jan 16, 2025 1:00 AM - Rayan Ahmad
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- Michael Leshock from KeyBanc sets a price target of $83 for NYSE:AIR, indicating a potential upside of 19.41%.
- AAR Corp reports a 26% year-over-year revenue increase in its fiscal second-quarter 2025, with earnings per share (EPS) of 90 cents, surpassing estimates.
- The company's strong financial performance and robust position in the aerospace sector highlight its capacity to capitalize on the increasing demand for aircraft components.
AAR Corp (NYSE: AIR) is a leading provider of aviation services, catering to both commercial and government clients worldwide. The company specializes in aftermarket aircraft support, offering services to airlines, OEMs, fleets, military agencies, and operators. Unlike its competitors, Boeing Co. and Airbus SE, AAR Corp operates independently, providing unbiased solutions without ties to any specific airline or manufacturer.
On January 15, 2025, Michael Leshock from KeyBanc set a price target of $83 for AIR, suggesting a potential upside of approximately 19.41% from its current price of $69.51. This optimistic outlook is supported by AAR Corp's strong financial performance. In its fiscal second-quarter 2025 report, the company reported a 26% year-over-year revenue increase, driven by record sales and improved profit margins.
AAR Corp's earnings per share (EPS) of 90 cents exceeded consensus estimates by 5 cents, showcasing its ability to outperform market expectations. The company's revenues also soared 30% year-over-year to $686.1 million, surpassing the anticipated $654.47 million. This impressive growth underscores AAR Corp's robust position in the aerospace sector and its capacity to capitalize on the increasing demand for aircraft components.
The current stock price of AIR on the NYSE is $69.51, reflecting a slight increase of 0.04, or 0.0576%. Today, the stock has fluctuated between a low of $68.80 and a high of $70.43. Over the past year, AIR has reached a high of $76.34 and a low of $54.71. The company's market capitalization is approximately $2.5 billion, with a trading volume of 177,476 shares.
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