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 three segments namely Parts Supply, Repair & Engineering, and Integrated Solutions. The parts supply segment majorly consists of sales and leasing of USM and aftermarket distribution of new, OEM-supplied replacement parts. Repair & Engineering segment provides airframe maintenance, component repair, and landing gear overhaul services. Integrated Solutions segment majorly consists of its fleet management and operations of customer-owned aircraft, customized performance-based supply chain logistics programs in support of the U.S. Department of Defense and foreign governments, flight hour component inventory and repair programs for commercial airlines.

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

As of November 7, 2024, AIR stock price declined to $62.57 with 268,372 million shares trading.

AIR has a beta of 1.14, meaning it tends to be more sensitive to market movements. AIR has a correlation of 0.17 to the broad based SPY ETF.

AIR has a market cap of $2.25 billion. This is considered a Mid Cap stock.

Last quarter Aar Corp. reported $662 million in Revenue and $.85 earnings per share. This beat revenue expectation by $16 million and exceeded earnings estimates by $.03.

In the last 3 years, AIR traded as high as $76.34 and as low as $31.89.

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

AIR has underperformed the market in the last year with a price return of +0.3% while the SPY ETF gained +38.3%. AIR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +5.8% and +1.8%, respectively, while the SPY returned +14.4% and +3.0%, respectively.

AIR support price is $64.31 and resistance is $67.12 (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 shares will trade within this expected range on the day.