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 April 16, 2024, AIR stock price declined to $60.44 with 4,903 million shares trading.

AIR has a beta of 0.73, meaning it tends to be less sensitive to market movements. AIR has a correlation of 0.12 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 $567 million in Revenue and $.85 earnings per share. This fell short of revenue expectation by $-330,000 and exceeded earnings estimates by $.01.

In the last 3 years, AIR stock traded as high as $73.95 and as low as $30.90.

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

AIR has underperformed the market in the last year with a return of +11.7%, while the SPY ETF gained +23.8%. In the last 3 month period, AIR fell short of the market, returning +1.5%, while SPY returned +6.1%. However, in the most recent 2 weeks AIR has outperformed the stock market by returning +2.6%, while SPY returned -3.5%.

AIR support price is $59.58 and resistance is $61.74 (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.