- FORWARD AIR CORPORATION INVESTOR ALERT: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud
May 11, 2026 · businesswire.com
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Forward Air Corporation (“Forward Air” or the “Company”) (NASDAQ:FWRD). The investigation concerns whether the Company and/or members of its senior management may have violated federal securities laws or engaged in other unlawful business practices. [LEARN MORE ABOUT THE INVESTIGATION] What Happened? On May 7, 2026, Forward Air reported its first quarter 2026 financial results and provided a.
- FORWARD AIR CORPORATION INVESTOR ALERT: KIRBY MCINERNEY LLP ANNOUNCES INVESTIGATION INTO POTENTIAL SECURITIES FRAUD
May 11, 2026
NEW YORK--(BUSINESS WIRE)--THE LAW FIRM OF KIRBY MCINERNEY LLP IS INVESTIGATING POTENTIAL CLAIMS AGAINST FORWARD AIR CORPORATION (“FORWARD AIR” OR THE “COMPANY”) (NASDAQ:FWRD). THE INVESTIGATION CONCERNS WHETHER THE COMPANY AND/OR MEMBERS OF ITS SENIOR MANAGEMENT MAY HAVE VIOLATED FEDERAL SECURITIES LAWS OR ENGAGED IN OTHER UNLAWFUL BUSINESS PRACTICES. [LEARN MORE ABOUT THE INVESTIGATION] WHAT HAPPENED? ON MAY 7, 2026, FORWARD AIR REPORTED ITS FIRST QUARTER 2026 FINANCIAL RESULTS AND PROVIDED A.
- A Look At AAR (AIR) Valuation After Recent Share Price Pullback And Strong 1 Year Return
May 10, 2026
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Recent performance snapshot for AAR (AIR)
AAR (AIR) has drawn investor attention after a share price retreat of about 0.7% in the latest session, following a period where the stock logged gains over the past week and past 3 months.
See our latest analysis for AAR.
Despite the 0.75% 1 day share price pullback to $117.82, AAR’s 39.51% year to date share price return and 97.78% 1 year total shareholder return suggest that momentum has been building rather than fading.
If you are looking for more ideas in a market where aerospace and defense technology are in focus, it can be useful to scan 32 robotics and automation stocks
With the stock up sharply over the past year and trading at $117.82, the key question is whether AAR’s growth across aviation and defense is already fully reflected in the price, or whether the recent strength still leaves room for additional upside.
Most Popular Narrative: 10.1% Undervalued
With AAR trading at $117.82 against a narrative fair value of $131.00, the current price sits below what the most followed narrative assumes is reasonable, based on detailed forecasts for revenue, margins, and discount rates.
The commercialization of additional MRO capacity in Oklahoma City and Miami, both already sold out before opening, positions AAR to capitalize on the expected long-term rise in global air travel and the need for ongoing maintenance of aging aircraft fleets, supporting robust revenue growth and improved earnings visibility. AAR's strong growth in new parts Distribution (25%+ organic, significantly above market) directly aligns with increasing demand for resilient supply chains and more diversified inventory management from both commercial and government customers, indicating sustained future revenue expansion and potential for higher margins.
Read the complete narrative.
Curious what kind of revenue run rate, margin profile, and earnings power are baked into that $131.00 figure? The narrative leans on multi year growth assumptions, rising profitability, and a specific earnings multiple that together do most of the heavy lifting in this fair value view.
Result: Fair Value of $131 (UNDERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, this hinges on AAR keeping commercial aviation demand resilient while staying ahead of OEM competition in MRO and parts distribution, both of which could pressure margins and growth.
Story Continues
Find out about the key risks to this AAR narrative.
Another View: Cash Flows Paint A Stricter Picture
While the narrative fair value of $131.00 points to AAR looking 10.1% undervalued, our DCF model tells a different story. On that view, the stock at $117.82 sits well above an estimated future cash flow value of $56.26, which raises the question of which lens you trust more.
Look into how the SWS DCF model arrives at its fair value.AIR Discounted Cash Flow as at May 2026
Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out AAR for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 51 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.
Next Steps
With mixed signals on value and future expectations, it makes sense to look at the underlying data yourself and decide how comfortable you are with the risk reward trade off here, then weigh up 4 key rewards and 1 important warning sign
Looking for more investment ideas?
If you stop here, you may miss stocks that better match your goals, so use the screeners below to quickly focus on companies that fit your style.
Target potential upside by scanning 51 high quality undervalued stocks that combine quality fundamentals with prices that sit below their assessed worth. Prioritize resilience by checking 71 resilient stocks with low risk scores so you can focus on companies with steadier risk profiles when building or adjusting your portfolio. Hunt for opportunities off the beaten path through the screener containing 23 high quality undiscovered gems that many investors may not be watching yet.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AIR.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- AAR Restructuring Legacy Segment While Valuation And Momentum Diverge
May 10, 2026
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AAR Corp. (NYSE:AIR) has announced a major business reorganization. The company plans to wind down its asset heavy Legacy Commercial Programs segment over the next three to four years. The move is aimed at simplifying the business model and focusing on areas that better meet internal capital return thresholds.
AAR, now trading around $117.82, has seen strong share price momentum, with the stock up 6.8% over the past week and 39.5% year to date. Over the past 1 year the stock is up 97.8%, and over 5 years it is up 200.6%. This context puts the restructuring into focus for investors who are already watching a company with substantial long term gains.
The planned wind down of Legacy Commercial Programs is intended to shift AAR toward higher margin, less asset intensive activities. This could reshape how the business uses its balance sheet over time. Investors following NYSE:AIR may want to track how capital is redeployed as this segment is phased out and how that affects the company’s mix of earnings and cash flows in the coming years.
Stay updated on the most important news stories for AAR by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on AAR.NYSE:AIR Earnings & Revenue Growth as at May 2026
4 things going right for AAR that this headline doesn't cover.
Quick Assessment
⚖️ Price vs Analyst Target: AAR trades at $117.82, around 10% below the $131.00 analyst price target. ❌ Simply Wall St Valuation: Shares are flagged as trading 109.4% above estimated fair value, which suggests a rich valuation. ✅ Recent Momentum: The stock has returned about 3.5% over the last 30 days.
To assess whether it may be the right time to buy, sell or hold AAR, you can review Simply Wall St's company report for the latest analysis of AAR's Fair Value.
Key Considerations
📊 The wind down of Legacy Commercial Programs over three to four years is designed to tilt AAR toward less asset heavy, higher margin activities, which may affect the earnings mix over time. 📊 It may be useful to monitor how management redeploys capital, particularly in light of the current P/E of 27x, the Aerospace & Defense average of about 37x, and analyst targets that range between $123.00 and $150.00. ⚠️ Simply Wall St flags one major risk: debt is not well covered by operating cash flow, which is relevant as AAR reshapes its balance sheet during this reorganization.
Dig Deeper
For the full picture, including more risks and potential rewards, see the complete AAR analysis. You can also visit the community page for AAR to see how other investors believe this latest news may affect the company's narrative.
Story Continues
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AIR.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Is It Too Late To Consider AAR (AIR) After Its Strong Multi Year Share Price Run?
May 9, 2026
Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St.
Wondering if AAR at around US$117.82 is still reasonably priced after a strong run, or if you might be paying too much for the stock today. The share price performance has been strong, with returns of 6.8% over 7 days, 3.5% over 30 days, 39.5% year to date, 97.8% over 1 year, 124.7% over 3 years and 200.6% over 5 years. Recent news around AAR has focused on its position in the aerospace and defense sector, including commentary on demand for services and support across commercial and government customers. These headlines help frame why the stock has drawn attention from investors assessing both potential growth prospects and risk. AAR currently has a value score of 3 out of 6. The sections that follow will walk through how different valuation approaches view the stock, then conclude with a broader way to think about what that score may mean for you.
AAR delivered 97.8% returns over the last year. See how this stacks up to the rest of the Aerospace & Defense industry.
Approach 1: AAR Discounted Cash Flow (DCF) Analysis
A Discounted Cash Flow, or DCF, model estimates what a stock could be worth by projecting future cash flows and then discounting them back to today using a required return. It is essentially asking what all of AAR’s future cash generation is worth in today’s dollars.
For AAR, the model uses a 2 Stage Free Cash Flow to Equity approach, starting from last twelve month free cash flow of about $47.8 million. Analyst forecasts and subsequent extrapolations project free cash flow reaching around $142.3 million in 2035, with interim estimates such as $63.1 million in 2026 and $129 million in 2030. All of these figures are in US$ and have been discounted back to today based on the model’s assumptions about risk and required return.
Pulling those projections together, the DCF model arrives at an estimated intrinsic value of about $56.26 per share. Against a current share price of roughly $117.82, the model implies AAR is around 109.4% overvalued on this cash flow outlook.
Result: OVERVALUED
Our Discounted Cash Flow (DCF) analysis suggests AAR may be overvalued by 109.4%. Discover 51 high quality undervalued stocks or create your own screener to find better value opportunities.AIR Discounted Cash Flow as at May 2026
Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for AAR.
Approach 2: AAR Price vs Earnings
For profitable companies, the P/E ratio is a useful yardstick because it links what you pay for the stock to the earnings the business is generating today. Investors usually accept a higher P/E when they expect stronger earnings growth or see lower risk, and look for a lower P/E when growth is modest or risks feel higher.
Story Continues
AAR currently trades on a P/E of 27.0x. That sits below the Aerospace & Defense industry average of about 36.9x and well below a peer average of roughly 72.7x, which suggests the stock is priced more conservatively than many peers on this simple comparison.
Simply Wall St’s Fair Ratio is 27.3x for AAR. This is a proprietary estimate of what a P/E might look like after considering factors such as the company’s earnings growth profile, profit margins, risk characteristics, industry and market cap. Because it incorporates these variables, the Fair Ratio gives a more tailored view than a straight comparison with industry or peer averages.
With the current P/E at 27.0x versus a Fair Ratio of 27.3x, AAR’s valuation on this metric looks very close to what the model suggests as reasonable.
Result: ABOUT RIGHTNYSE:AIR P/E Ratio as at May 2026
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Upgrade Your Decision Making: Choose your AAR Narrative
Earlier it was mentioned that there is an even better way to understand valuation. Narratives take that idea further by letting you connect your story about AAR, including what you think about its future revenue, earnings and margins, to a set of forecasts that roll up into a Fair Value you can compare with today’s share price.
On Simply Wall St’s Community page, Narratives are an accessible tool that let you set assumptions, see how they flow through to a financial model, and then use the gap between Fair Value and the current price as one input into your decision about whether the stock fits your plan right now.
Because Narratives are refreshed when new news, contracts or earnings are added to the platform, your view can evolve as information changes, so you are not locked into a static model.
For AAR, for example, one investor might build a Narrative closer to the higher US$150 analyst target, based on expectations around revenue of US$4.0b, earnings of US$266.9m and a P/E of about 29.8x by 2029. Another investor could stay nearer the lower US$123 target if more focused on risks around competition, aviation cycles and execution in digital platforms.
Do you think there's more to the story for AAR? Head over to our Community to see what others are saying!NYSE:AIR 1-Year Stock Price Chart
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AIR.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
View Comments
- Airbus (ENXTPA:AIR) Valuation After AirAsia’s Record A220 Order And Mixed Recent Share Price Performance
May 7, 2026
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Airbus (ENXTPA:AIR) is back in focus after AirAsia confirmed a firm order for 150 A220-300 jets, a roughly $19b deal that reshapes the programme and underscores demand for fuel efficient single aisle aircraft.
See our latest analysis for Airbus.
The AirAsia order lands after a mixed few months for the stock, with a 14.15% 1 month share price return and a year to date share price return of a 7.46% decline, yet a 112.78% 5 year total shareholder return that points to longer term momentum.
If this Airbus news has you thinking about other aviation related ideas, it could be a good moment to scan 32 robotics and automation stocks
With Airbus stock up 24.20% over the past year, but still showing a 7.46% decline year to date and trading at a 35.50% discount to one intrinsic value estimate, you have to ask: is there still mispricing here, or is the market already baking in future growth?
Most Popular Narrative: 18.5% Undervalued
According to Tokyo's widely followed narrative, Airbus's fair value of €231 sits well above the last close at €188.50, which frames the current Airbus move in the context of a long runway backed by backlog, governance, and profitability assumptions.
Airbus is not a hyper-growth story. It is a backlog-driven, duopoly industrial platform with improving governance and operational discipline.
But structurally:
• Entry barriers are extreme
• Switching costs are massive
• Demand visibility is high
Read the complete narrative.
Want to see what sits behind that fair value gap? The narrative leans on steady revenue expansion, firmer margins, and a profit multiple usually reserved for elite industrial franchises.
Result: Fair Value of €231 (UNDERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, this depends on smooth execution. Supply chain problems or new issues in Defence and Space contracts could quickly challenge that undervaluation story.
Find out about the key risks to this Airbus narrative.
Next Steps
The bullish tone around Airbus is clear, but the decision is ultimately yours. Move quickly, review the data, and weigh the 4 key rewards.
Looking for more investment ideas?
If Airbus has sharpened your interest, do not stop here. Broaden your watchlist with a few focused sets of stocks that could complement your research.
Identify potential high growth stories early by scanning 227 elite penny stocks with strong financials before they appear on everyone else's radar. Look for quality businesses that may trade below one estimate of fair value by reviewing 223 high quality undervalued stocks, so you are not only reacting to headlines. Strengthen the core of your portfolio by focusing on companies with healthier finances using solid balance sheet and fundamentals stocks screener (388 results).
Story Continues
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AIR.PA.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
View Comments
- AIR Announces Plans to Open New Manufacturing Facility in Romania
May 7, 2026 · businesswire.com
DUBAI, United Arab Emirates--(BUSINESS WIRE)--AIR Announces Plans to Open New Manufacturing Facility in Romania.
- AIR ANNOUNCES PLANS TO OPEN NEW MANUFACTURING FACILITY IN ROMANIA
May 7, 2026
DUBAI, UNITED ARAB EMIRATES--(BUSINESS WIRE)--AIR ANNOUNCES PLANS TO OPEN NEW MANUFACTURING FACILITY IN ROMANIA.
- AAR announces segment realignment and wind-down of Commercial Programs business
May 6, 2026
WOOD DALE, Ill., May 6, 2026 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that beginning with the fourth quarter of fiscal year 2026, the Company will report under a new structure using the following four operating segments:(PRNewsfoto/AAR)
Parts Supply remains unchanged from the prior structure, primarily consisting of new parts Distribution and used serviceable material.
Repair, Engineering, and Software primarily consists of maintenance, repair, and overhaul (MRO) services across airframe (Airframe MRO) and components (Component MRO), and AAR's software platforms, including Trax, Aerostrat, and Airvoyant.
Government Solutions primarily consists of AAR's fleet management and operations of customer-owned aircraft and performance-based logistics programs (Government Programs), and AAR's Mobility Systems activity previously reported as Expeditionary Services.
Legacy Commercial Programs primarily consists of asset-heavy flight hour-based component repair programs for commercial airlines, previously reported within Integrated Solutions.
AAR also announced today that it intends to wind down its Legacy Commercial Programs business. For the last twelve months ended February 28, 2026, the Legacy Commercial Programs business contributed sales of $252.4 million, a GAAP operating loss of ($0.2) million, and adjusted operating income of $5.0 million. Net assets of the Legacy Commercial Programs segment as of February 28, 2026 were approximately $160 million.
"Our segment realignment reflects AAR's continued focus on growth, margin expansion, and additional cash flow generation," said John M. Holmes, AAR's Chairman, President and CEO. "Legacy Commercial Programs requires significant asset pools and no longer meets our capital return thresholds. We anticipate that the wind-down of this segment will take approximately three to four years. During that timeframe, we expect the results will include periodic gains as we divest the assets that support these programs. We also plan to redeploy the talented team supporting these activities to other AAR growth initiatives. Once complete, we believe the wind-down of Legacy Commercial Programs will result in a more simplified business model with higher margins and improved returns on capital."
The Company's guidance for the fourth quarter and fiscal year 2026, ending May 31, 2026, is unchanged and not affected by the segment realignment or plans to wind down its Legacy Commercial Programs business.
Story Continues
Concurrently with this press release, the Company has furnished a Current Report on Form 8-K with a recast of comparable prior year segment financial information for fiscal years 2024 and 2025 and for certain previously reported quarters in fiscal years 2025 and 2026, along with a summary presentation that is posted on the Investors section of AAR's corporate website. The Company's consolidated balance sheets, income statements, and cash flows are not affected.
About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply; Repair, Engineering, and Software; Government Solutions; and Legacy Commercial Programs. Additional information can be found at aarcorp.com.
This press release may contain certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, reflecting management's expectations about future conditions, including the wind-down of the Company's Legacy Commercial Programs business and anticipated benefits. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of management, as well as assumptions and estimates based on information currently available to management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in AAR CORP.'s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond management's control. Management assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as required by law.
Contact:
Chris Tillett – Investor Relations
+1-630-227-5830
investors@aarcorp.comCision
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- AAR announces segment realignment and wind-down of Commercial Programs business
May 6, 2026 · prnewswire.com
WOOD DALE, Ill., May 6, 2026 /PRNewswire/ -- AAR CORP.
