Wesco Aircraft Holdings Inc (WAIR) Given Average Rating of “Hold” by Analysts

Wesco Aircraft Holdings Inc (NYSE:WAIR) has received an average recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $8.88.

WAIR has been the topic of a number of recent analyst reports. BidaskClub upgraded Wesco Aircraft from a “hold” rating to a “buy” rating in a research note on Saturday, September 16th. SunTrust Banks restated a “buy” rating and set a $12.00 price target on shares of Wesco Aircraft in a research note on Monday, October 2nd. Zacks Investment Research upgraded Wesco Aircraft from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 5th. Cowen restated a “hold” rating and set a $7.00 price target on shares of Wesco Aircraft in a research note on Wednesday, November 29th. Finally, Deutsche Bank raised Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 price objective on the stock in a report on Thursday, November 30th.

Wesco Aircraft (NYSE WAIR) remained flat at $$7.60 during trading on Tuesday. The stock had a trading volume of 438,180 shares, compared to its average volume of 373,813. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.87 and a quick ratio of 1.11. The firm has a market capitalization of $756.38, a P/E ratio of -3.17, a price-to-earnings-growth ratio of 0.99 and a beta of 0.66. Wesco Aircraft has a twelve month low of $6.05 and a twelve month high of $15.55.

Wesco Aircraft (NYSE:WAIR) last posted its quarterly earnings data on Tuesday, November 28th. The aerospace company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.11). The business had revenue of $361.60 million during the quarter, compared to the consensus estimate of $363.20 million. Wesco Aircraft had a positive return on equity of 7.37% and a negative net margin of 16.60%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. equities analysts expect that Wesco Aircraft will post 0.64 EPS for the current year.

In other Wesco Aircraft news, EVP Declan O. Grant bought 7,170 shares of Wesco Aircraft stock in a transaction dated Monday, December 11th. The shares were acquired at an average cost of $6.94 per share, with a total value of $49,759.80. Following the acquisition, the executive vice president now directly owns 70,760 shares of the company’s stock, valued at $491,074.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 11.90% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its position in shares of Wesco Aircraft by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 12,661 shares of the aerospace company’s stock valued at $137,000 after acquiring an additional 1,898 shares during the last quarter. Huber Capital Management LLC bought a new stake in shares of Wesco Aircraft during the 3rd quarter valued at $154,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Wesco Aircraft during the 3rd quarter valued at $242,000. Ramsey Quantitative Systems bought a new stake in shares of Wesco Aircraft during the 2nd quarter valued at $278,000. Finally, Voya Investment Management LLC raised its position in shares of Wesco Aircraft by 26.1% during the 2nd quarter. Voya Investment Management LLC now owns 26,009 shares of the aerospace company’s stock valued at $282,000 after acquiring an additional 5,376 shares during the last quarter. Hedge funds and other institutional investors own 94.88% of the company’s stock.

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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.

Analyst Recommendations for Wesco Aircraft (NYSE:WAIR)

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