AIR Stock Summary and Trading Ideas (Aar Corp. | NYSE:AIR)

AAR Corp is engaged in providing products and services to aviation, government, and defense market. It operates in two segments namely Aviation Services and Expeditionary Services. The Aviation Services segment consists of aftermarket support and services businesses that provide spares and maintenance support for aircraft operated by it's commercial and government/defense customers. The Expeditionary Services segment consists of businesses that provide products and services supporting the movement of equipment and personnel by the U.S. Department of Defense, foreign governments, and non-governmental organizations. It generates a majority of its revenue from the Aviation Services Segment.

Aar Corp. trades on the NYSE stock market under the symbol AIR.

As of September 25, 2023, AIR stock price climbed to $61.33 with 251,786 million shares trading.

AIR has a beta of 1.22, meaning it tends to be more sensitive to market movements. AIR has a correlation of 0.46 to the broad based SPY ETF.

AIR has a market cap of $2.14 billion. This is considered a Mid Cap stock.

Last quarter Aar Corp. reported $553 million in Revenue and $.83 earnings per share. This beat revenue expectation by $24 million and exceeded earnings estimates by $.06.

In the last 3 years, AIR stock traded as high as $63.88 and as low as $16.90.

The top ETF exchange traded funds that AIR belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

AIR has outperformed the market in the last year with a price return of +61.3% while the SPY ETF gained +17.2%. AIR has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +8.8% and +6.1%, respectively, while the SPY returned -0.6% and -2.6%, respectively.

AIR support price is $59.00 and resistance is $61.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AIR stock will trade within this expected range on the day.