Benchmark Co. analyst Josh Sullivan has maintained their bullish stance on AIR stock, giving a Buy rating today.
Josh Sullivan has given his Buy rating due to a combination of factors that highlight AAR’s strong performance and future growth prospects. Despite a slight miss in revenue expectations, AAR’s adjusted EBITDA exceeded forecasts, driven by efficiency improvements. The company is benefiting from increased volumes in its USM trading, which is expected to improve margins as the market for retired aircraft assets expands.
Additionally, AAR is experiencing robust demand for its services, with anticipated sales growth and margin expansion through new parts distribution, software wins, and operational efficiencies. Recent strategic agreements, such as those with Chromalloy and Unison, as well as the adoption of AAR’s Trax software by Cathay Pacific, further bolster the company’s growth outlook. These factors collectively support Sullivan’s positive outlook and Buy rating for AAR.
In another report released today, Truist Financial also maintained a Buy rating on the stock with a $78.00 price target.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AIR in relation to earlier this year.