It Seems AAR Corp. (AIR) Will Go Up. Formed A Few Months Bullish Wedge Up Pattern

May 18, 2018 - By Catherine Nunes

AAR Corp. (NYSE:AIR) Logo

Investors sentiment decreased to 0.89 in 2017 Q4. Its down 0.61, from 1.5 in 2017Q3. It dived, as 22 investors sold AAR Corp. shares while 58 reduced holdings. 28 funds opened positions while 43 raised stakes. 30.14 million shares or 0.25% more from 30.06 million shares in 2017Q3 were reported.
Comerica Bancorp holds 33,230 shares or 0.01% of its portfolio. Northern Tru Corp owns 1.27M shares. 121,054 were accumulated by Sei Invests. Ameritas Invest Prtnrs Inc has 2,738 shares for 0% of their portfolio. Rhumbline Advisers reported 86,943 shares. Morgan Stanley invested in 0% or 161,348 shares. Qs Llc holds 0.02% or 62,338 shares in its portfolio. Schwab Charles Inv Mngmt reported 0.01% stake. 21,765 are held by Texas Permanent School Fund. Legal General Group Pcl reported 67,114 shares. Moreover, State Of Alaska Department Of Revenue has 0.01% invested in AAR Corp. (NYSE:AIR). Citadel Ltd Liability Com has 9,018 shares. Cwm Limited Liability invested in 0% or 19 shares. New York-based Bnp Paribas Arbitrage Sa has invested 0% in AAR Corp. (NYSE:AIR). Strs Ohio has 0% invested in AAR Corp. (NYSE:AIR).

Since January 17, 2018, it had 0 insider purchases, and 5 selling transactions for $5.78 million activity. 5,000 shares were sold by Anderson Anthony, worth $220,374 on Tuesday, March 27. Shares for $212,900 were sold by PACE PETER on Tuesday, April 3.

The stock of AAR Corp. (AIR) formed an up wedge with $49.51 target or 6.00 % above today’s $46.71 share price. The 5 months wedge indicates low risk for the $1.59 billion company. If the $49.51 price target is reached, the company will be worth $95.10 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.24% or $0.11 during the last trading session, reaching $46.71. About 167,955 shares traded. AAR Corp. (NYSE:AIR) has risen 31.71% since May 18, 2017 and is uptrending. It has outperformed by 20.16% the S&P500.

Analysts await AAR Corp. (NYSE:AIR) to report earnings on July, 10. They expect $0.69 earnings per share, up 56.82 % or $0.25 from last year’s $0.44 per share. AIR’s profit will be $23.41M for 16.92 P/E if the $0.69 EPS becomes a reality. After $0.49 actual earnings per share reported by AAR Corp. for the previous quarter, Wall Street now forecasts 40.82 % EPS growth.

AAR Corp. (NYSE:AIR) Ratings Coverage

Among 4 analysts covering AAR Corp (NYSE:AIR), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AAR Corp has $51 highest and $42.0 lowest target. $45.50’s average target is -2.59% below currents $46.71 stock price. AAR Corp had 7 analyst reports since December 22, 2017 according to SRatingsIntel. The firm has “Buy” rating by Noble Financial given on Tuesday, January 16. The rating was upgraded by Canaccord Genuity on Thursday, February 8 to “Buy”. The stock has “Buy” rating by Noble Financial on Friday, December 22. The stock has “Buy” rating by Seaport Global on Tuesday, January 16. The stock of AAR Corp. (NYSE:AIR) earned “Buy” rating by Credit Suisse on Friday, January 12. Canaccord Genuity maintained the stock with “Hold” rating in Thursday, January 11 report. The rating was maintained by Credit Suisse with “Outperform” on Thursday, March 22.

More important recent AAR Corp. (NYSE:AIR) news were published by: Streetinsider.com which released: “Marcato Capital Shows New Stakes in Astec Industries (ASTE), Univar (UNVR) (more…) – 13f” on May 15, 2018, also Streetinsider.com published article titled: “Iceland’s Wow Air to launch low cost, long haul flights to India”, Streetinsider.com published: “Exclusive: Dubai Aerospace in talks to place huge order for 400 jets” on May 17, 2018. More interesting news about AAR Corp. (NYSE:AIR) was released by: Streetinsider.com and their article: “Marcato Capital’s 13F Shows New Stake in Astec Industries (ASTE), Univar (UNVR), Increase in Rayonier (RYAM …” with publication date: May 15, 2018.

AAR CORP. provides products and services to commercial aviation, government, and defense markets worldwide. The company has market cap of $1.59 billion. The companyÂ’s Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services. It has a 67.11 P/E ratio. This segment also sells and leases new, overhauled, and repaired engine and airframe parts and components; and provides inventory and repair programs, warranty claim management, and outsourcing programs for engine and airframe parts and components, as well as performance logistics programs in support of the U.S.

AAR Corp. (NYSE:AIR) Institutional Positions Chart

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