AIR - Watch for Continued Gains in Shares of AAR Corp. (AIR)
Shares of AAR Corp. (NYSE:AIR) traded at a new 52-week high today of $50.75. Approximately 125,000 shares have changed hands today, as compared to an average 30-day volume of 370,000 shares.
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.
In the past 52 weeks, shares of AAR Corp. have traded between a low of $30.90 and a high of $50.75 and is now at $50.30, which is 63% above that low price.
Based on a current price of $50.30, AAR Corp. is currently 55.9% above its average consensus analyst price target of $22.18.
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