AAR Corp. (NYSE:AIR) trades at 30x earnings, consensus price target just 1% higher ahead of July 21

AAR Corp. slipped 0.6% to $135.67 Friday, ending the week 5.5% under Monday’s close. The S&P 500 rose 0.42% in the session. Shares in the aviation aftermarket name are still up 81% over the last year, so investors are watching valuation more than the latest decline.