AAR Corporation (AIR) - Bull of the Day

By Zacks Equity Research,

Shutterstock photo

AAR Corporation ( AIR ) reported a solid fiscal first quarter 2013 results with earnings per share of $0.45 surpassing the year-ago earnings by 10% and in line with the high-end of management's guidance range. Revenue jumped 13% on the back of strong commercial aviation services business.

Based on strong sales growth, operational efficiency, enhanced product availability and increased management's FY13 earnings guidance, we upgrade our recommendation on AAR Corp. from Neutral to Outperform. We believe that the company has a competitive advantage over its peers based on its market expertise and technical/financial capabilities.

The company's strategic contract wins hold future potential. Our $19.00 target price, 10.8x 2013 EPS, reflects this view.
AAR CORP (AIR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Stocks
Referenced Stocks: AIR

More from Zacks.com




Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com