Canaccord Genuity Sticks to Its Hold Rating for AAR Corp

By Carrie Williams

Canaccord Genuity analyst Kenneth Herbert reiterated a Hold rating on AAR Corp (NYSE: AIR) on October 11 and set a price target of $40. The company’s shares closed yesterday at $38.59, close to its 52-week high of $39.71.

According to TipRanks.com, Herbert is a 5-star analyst with an average return of 13.3% and a 65.3% success rate. Herbert covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, CPI Aerostructures, and Spirit AeroSystems.

AAR Corp has an analyst consensus of Moderate Buy, with a price target consensus of $40.33.

AAR Corp’s market cap is currently $1.34B and has a P/E ratio of 23.05. The company has a book value ratio of 1.4449.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. Most recently, in July 2017, Robert Regan, the VP, GC, Secretary of AIR sold 28,640 shares for a total of $1,046,011.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

AAR Corp. engages in the provision of products and services to commercial aviation and government and defense industries. It operates through two segments: Aviation Services and Expeditionary Services.