Market Update: Looking at the Levels for AAR Corp. (NYSE:AIR)

Stock market investors may be closely tracking recent trends. Many investors will keep an eye on where a certain stock has been when trying to project where it is headed. Tracking recent action for AAR Corp. (NYSE:AIR), we have seen shares trading close to the 46.6 mark. Taking a wider look back, shares have seen a change of 7.37% over the last 12 weeks. Heading back to the start of the year, we can see that shares have changed 18.6%. Over the past month, shares have seen a change of 2.76%. Over the last week, the stock has moved -1.08%. Taking a look at some popular possible support and resistance levels, we note that the 52-week high is currently 47.12, and the 52-week low is presently 33.33. When a stock price is trading close to the 52-week high or 52-week low, investors may closely track activity to watch for a move through the level.

Many investors may strive to be in the stock market when the bulls are running and out of the market when the bears are in charge. Investors often use multiple strategies when setting up their portfolios. Some may rely solely on fundamental analysis, technical analysis, or a combination of both. Investing can be an extremely tough process. Individual investors often strive to gather and analyze vast amounts of information in order to make educated decisions. Often times, investors may have initial success in the stock market, and then things may turn sour. Confidence may be necessary to make the tougher decisions, but overconfidence may lead to an underperforming portfolio. Overconfidence may cause the investor to make poor decisions because they are relying too heavily on personal interpretations.

Shifting the focus to some earnings data, we have noted that the current quarter EPS consensus estimate for AAR Corp. (NYSE:AIR) is 0.69. This EPS estimate consists of 3 Wall Street analysts taken into consideration by Zacks Research. For the previous reporting period, the company posted a quarterly EPS of 0.49. Sell-side analysts often provide their best researched estimates at what the company will report. These estimates hold a lot of weight on Wall Street and the investing community. Sometimes these analyst projections are spot on, and other times they are off. When a company reports actual earnings results, the surprise factor can cause a stock price to fluctuate. Investors will often pay added attention to a company that has beaten estimates by a large margin.

Looking at some analyst views on shares of AAR Corp. (NYSE:AIR), we note that the consensus target price is resting at $49. This is the consensus target using estimates provided by the covering analysts polled. Sell-side analysts often produce target estimates for the companies that they track closely. Price target estimates can be calculated using various methods, and this may cause some analyst estimates to be drastically different than others. Many investors will track stock target prices, especially when analysts update the target price projections.

Investors might be paying attention to what Wall Street analysts think about shares of AAR Corp. (NYSE:AIR). Taking a peek at the current consensus broker rating, we can see that the ABR is 1. This average rating is provided by Zacks Research. This simplified numeric scale spans the range of one to five which translates brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 indicates a Hold and 4-5 represents a consensus Sell rating. In terms of the number of analysts that have the stock rated as a Buy or Strong Buy, we can see that the number is currently 4.