Deutsche Bank upgraded shares of Wesco Aircraft (NYSE:WAIR) from a sell rating to a hold rating in a report released on Thursday, MarketBeat.com reports. They currently have $7.50 price objective on the aerospace company’s stock.
Several other equities analysts have also issued reports on WAIR. Cowen restated a hold rating on shares of Wesco Aircraft in a research note on Wednesday, August 9th. TheStreet lowered Wesco Aircraft from a c rating to a d+ rating in a research note on Tuesday, August 8th. ValuEngine lowered Wesco Aircraft from a buy rating to a hold rating in a research note on Thursday, August 17th. BidaskClub upgraded Wesco Aircraft from a hold rating to a buy rating in a research note on Saturday, September 16th. Finally, SunTrust Banks reiterated a buy rating and issued a $12.00 price objective on shares of Wesco Aircraft in a research note on Monday, October 2nd. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Wesco Aircraft presently has an average rating of Hold and a consensus target price of $9.30.
Wesco Aircraft (NYSE:WAIR) opened at $7.30 on Thursday. Wesco Aircraft has a 12-month low of $6.05 and a 12-month high of $15.78. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.19 and a current ratio of 3.87. The firm has a market capitalization of $725.87, a PE ratio of 12.59, a P/E/G ratio of 0.84 and a beta of 0.67.
Large investors have recently bought and sold shares of the business. Victory Capital Management Inc. lifted its holdings in Wesco Aircraft by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 12,661 shares of the aerospace company’s stock worth $137,000 after buying an additional 1,898 shares in the last quarter. Huber Capital Management LLC acquired a new position in Wesco Aircraft during the 3rd quarter worth $154,000. Aperio Group LLC acquired a new position in shares of Wesco Aircraft in the 2nd quarter valued at $186,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Wesco Aircraft in the 3rd quarter valued at $242,000. Finally, Ramsey Quantitative Systems acquired a new position in shares of Wesco Aircraft in the 2nd quarter valued at $278,000. 94.87% of the stock is currently owned by hedge funds and other institutional investors.
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About Wesco Aircraft
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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