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KeyBanc Downgrades AAR to Sector Weight From Overweight
AAR (AIR) has an average rating of overweight and mean price target of $131.60, according to analysts polled by FactSet.
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4 stories mentioning AIRUpdated 81d ago
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Wire
AAR Poised to 'Materially Outperform' its Prior 3-Year Targets, RBC Says
AAR (AIR) is poised to "materially outperform" its prior three-year targets initially provided in 2023, and confidence in the company's near-term outlook remains strong with the management reaffirming guidance for fiscal 2026, RBC Capital Market said in a Wednesday note.According to the note, AAR's commentary at its 2026 investor day on its relationships with original equipment manufacturers and its ability to continue to take share was positive. The analysts said AAR's software suite provides a much more complete software solution for airline customers than in 2023.Furthermore, the company's new three-year financial framework comprising of an adjusted sales compound annual growth rate of 6% to 10%, adjusted EBITDA margin expanding to 13%, adjusted earnings per share CAGR of about 15%, was "somewhat conservative," with upside to margins with growth in parts, software, maintenance services businesses, the note said.RBC maintained its outperform rating with a $125 price target.Price: $106.19, Change: $-5.32, Percent Change: -4.77%
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Wire
AAR Closes $35 Million Acquisition of Aircraft Reconfig Technologies
AAR (AIR) has completed the acquisition of Aircraft Reconfig Technologies from ZIM Aircraft Cabin Solutions in an all-cash deal worth $35 million, the company said Friday.Acquisition of the engineering firm specializing in aircraft interior reconfiguration boosts AAR's engineering and certification capabilities, particularly its ability to issue key Federal Aviation Administration approvals without relying on third parties, it added.Shares of AAR were down around 1.3% in recent trading.Price: $110.45, Change: $-1.63, Percent Change: -1.45%
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Wire
AAR to Distribute Woodward Consumable Components to Airlines Under New Deal
AAR (AIR) said Wednesday it has signed a multiyear distribution agreement with Woodward (WWD) covering commercial aviation parts.Financial terms of the partnership were not provided.The aerospace company said it will act as the preferred distributor for selected Woodward consumable components used in certain aircraft engines, supplying them directly to airlines.The agreement expands an existing relationship that previously focused on defense, adding commercial aviation distribution through AAR's network, the company said.Shares of AAR and Woodward were both down more than 1% in Wednesday trading.Price: $115.11, Change: $-1.43, Percent Change: -1.23%
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