KeyBanc Capital Markets initiated coverage on AAR Corp with a new price target
$AIR
Aerospace
Industrials
KeyBanc Capital Markets initiated coverage of AAR Corp with a rating of Overweight and set a new price target of $83.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/16/2025 | $83.00 | Overweight | KeyBanc Capital Markets |
| 1/29/2024 | Outperform | William Blair | |
| 12/1/2023 | $80.00 | Buy | Stifel |
| 10/22/2021 | $45.00 | Outperform | RBC Capital |
| 7/16/2021 | $51.00 → $52.00 | Outperform | Credit Suisse |
WOOD DALE, Ill., March 27, 2025 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, reported today financial results for the fiscal year 2025 third quarter ended February 28, 2025. THIRD QUARTER FISCAL YEAR 2025 HIGHLIGHTS(As compared to Q3 FY2024) Sales of $678 million; increased 20%GAAP EPS of $(0.25)Adjusted diluted EPS of $0.99; increased 16%GAAP Net loss of $9 millionAdjusted EBITDA of $81 million; increased 39%Adjusted EBITDA margin increased to 12.0% from 10.3%MANAGEMENT COMMENTARY "We delivered another strong quarter of significant year-over-year sales and earnings growth," said John M. Holmes, AAR's Ch
WOOD DALE, Ill., March 13, 2025 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that it will release financial results for its third quarter of fiscal year 2025, ended February 28, 2025, after the close of the New York Stock Exchange trading session on Thursday, March 27, 2025. On Thursday, March 27, 2025, at 4 p.m. Central time, AAR will hold a conference call to discuss the results. A listen-only webcast and slides can be accessed at https://edge.media-server.com/mmc/p/htokn
WOOD DALE, Ill., Jan. 7, 2025 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, reported today financial results for the fiscal year 2025 second quarter ended November 30, 2024. SECOND QUARTER FISCAL YEAR 2025 HIGHLIGHTS(As compared to Q2 FY24) Sales of $686 million; increased 26%Organic growth of 12%; accelerated from 6% in Q1GAAP EPS of $(0.87)Adjusted EPS (diluted) of $0.90; increased 11%GAAP Net loss of $31 millionAdjusted EBITDA of $78 million; increased 42%Cash flow provided by operating activities of $22 millionMANAGEMENT COMMENTARY "AAR delivered another solid quarter with record sales and improved ma
MIAMI, April 16, 2025 /PRNewswire/ -- Trax, a leading global provider of paperless aviation maintenance and engineering software products, announced Amerijet International Airlines, an international cargo airline, selected Trax's eMRO and eMobility suite to enhance its maintenance operations and support its digital transformation journey. Trax commenced the implementation of its innovative solutions, including the QuickTurn, TaskControl, Line Control, and EzStock mobile apps and fully-managed cloud hosting services, to streamline Amerijet's workflows and provide real-time acce
MIAMI, April 8, 2025 /PRNewswire/ --Trax, a leading global provider of paperless aviation maintenance and engineering software products, and Rolls-Royce, a global leader in aerospace and defense technology, announced today the launch of a seamless interface between Trax's eMRO application and Rolls-Royce's Blue Data Thread platform. This collaboration marks a significant advancement in the integration of maintenance, repair, and overhaul (MRO) operations with real-time data analytics, enhancing efficiency and reliability for airlines worldwide. Revolutionizing aircraft and eng
MIAMI, April 8, 2025 /PRNewswire/ -- Trax, a leading global provider of paperless aviation maintenance and engineering software products, announced it will enable the fully digital maintenance, repair, and overhaul (MRO) platform of SIA Engineering Company's (SIAEC's) state-of-the-art heavy maintenance facility in Malaysia. This collaboration signifies a prominent milestone in the paperless movement for the aviation industry, as the new facility will leverage cutting-edge technology to streamline and enhance maintenance operations. "Developing a new facility that is entirely p
WOOD DALE, Ill., April 7, 2025 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced that Sharon Purnell has joined the Company as Senior Vice President and Chief Human Resources Officer. In this role, Purnell will oversee the Company's global Human Resources department, including its recruitment, talent management, and engagement initiatives. Purnell brings more than two decades of experience achieving positive human resources results through coaching and strategic leadership. She joins
WOOD DALE, Ill., March 19, 2025 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that Hema Widhani has been elected to AAR's Board of Directors, effective March 18, 2025. This appointment increases AAR's Board from 11 to 12 Director positions. Ms. Widhani brings more than 20 years of experience in digital, marketing, and customer experience. As Prudential Financial's Chief Digital and Marketing Officer, Ms. Widhani manages the company's enterprise digital and customer experienc
GATX Corporation (NYSE:GATX) today announced the election of John M. Holmes to its board of directors. Mr. Holmes will also serve as a member of the board's Audit Committee. With the appointment of Mr. Holmes, the GATX board will now consist of 10 members, including nine independent directors. "We are pleased to welcome John to GATX's board of directors," said Robert C. Lyons, president and chief executive officer of GATX. "John is an outstanding business leader with deep international experience and a strong track record of performance. His insights will be an asset to GATX as we continue executing our global growth strategy." "John is an excellent addition to our group of independent
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KeyBanc Capital Markets initiated coverage of AAR Corp with a rating of Overweight and set a new price target of $83.00
William Blair initiated coverage of AAR Corp with a rating of Outperform
Stifel initiated coverage of AAR Corp with a rating of Buy and set a new price target of $80.00