Wesco Aircraft (WAIR) Stock Rating Upgraded by ValuEngine

Wesco Aircraft (NYSE:WAIR) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

A number of other brokerages have also issued reports on WAIR. BidaskClub upgraded shares of Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 27th. Cowen reiterated a “hold” rating and issued a $7.00 target price on shares of Wesco Aircraft in a research report on Wednesday. Zacks Investment Research upgraded shares of Wesco Aircraft from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Thursday, October 19th. SunTrust Banks reiterated a “buy” rating and issued a $12.00 target price on shares of Wesco Aircraft in a research report on Monday, October 2nd. Finally, Deutsche Bank upgraded shares of Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 price objective for the company in a research report on Thursday. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $9.30.

Wesco Aircraft (WAIR) opened at $7.30 on Friday. The stock has a market cap of $725.87, a PE ratio of 12.76, a P/E/G ratio of 0.86 and a beta of 0.74. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.87 and a quick ratio of 1.19. Wesco Aircraft has a 12-month low of $6.05 and a 12-month high of $15.77.

Wesco Aircraft (NYSE:WAIR) last announced its earnings results on Tuesday, November 28th. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.11). The company had revenue of $361.60 million during the quarter, compared to the consensus estimate of $363.20 million. Wesco Aircraft had a negative net margin of 10.59% and a negative return on equity of 22.96%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. equities analysts forecast that Wesco Aircraft will post 0.72 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Frontier Capital Management Co. LLC boosted its position in shares of Wesco Aircraft by 9.4% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 6,088,113 shares of the aerospace company’s stock valued at $57,228,000 after purchasing an additional 522,991 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Wesco Aircraft by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,534,638 shares of the aerospace company’s stock valued at $49,201,000 after purchasing an additional 19,114 shares in the last quarter. Kennedy Capital Management Inc. bought a new position in shares of Wesco Aircraft during the 2nd quarter valued at about $2,363,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Wesco Aircraft by 42.7% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 78,919 shares of the aerospace company’s stock valued at $837,000 after purchasing an additional 23,617 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Wesco Aircraft by 158.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 139,243 shares of the aerospace company’s stock valued at $1,511,000 after purchasing an additional 85,461 shares in the last quarter. Institutional investors own 94.87% of the company’s stock.

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Wesco Aircraft Company Profile

Wesco Aircraft Holdings, Inc is a distributor and provider of supply chain management services to the global aerospace industry. The Company operates through two segments: North America and Rest of World. As of September 30, 2016, the Company supplied over 565,000 active stock-keeping units (SKUs), including C-class hardware, chemicals, electronic components, bearings, tools and machined parts.

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