Wesco Aircraft Holdings Inc (WAIR) Receives $8.88 Consensus PT from Analysts

Wesco Aircraft Holdings Inc (NYSE:WAIR) has been given a consensus recommendation of “Hold” by the ten research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $8.88.

A number of equities analysts recently commented on WAIR shares. BidaskClub upgraded shares of Wesco Aircraft from a “hold” rating to a “buy” rating in a research note on Saturday, September 16th. SunTrust Banks reiterated a “buy” rating and set a $12.00 target price on shares of Wesco Aircraft in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Wesco Aircraft from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 5th. Cowen reiterated a “hold” rating and set a $7.00 target price on shares of Wesco Aircraft in a research note on Wednesday, November 29th. Finally, Deutsche Bank upgraded shares of Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 target price for the company in a research note on Thursday, November 30th.

In related news, EVP Declan O. Grant purchased 7,170 shares of Wesco Aircraft stock in a transaction that occurred on Monday, December 11th. The stock was purchased at an average cost of $6.94 per share, with a total value of $49,759.80. Following the completion of the transaction, the executive vice president now directly owns 70,760 shares in the company, valued at $491,074.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.90% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its holdings in shares of Wesco Aircraft by 17.6% in the second quarter. Victory Capital Management Inc. now owns 12,661 shares of the aerospace company’s stock valued at $137,000 after buying an additional 1,898 shares during the last quarter. Huber Capital Management LLC purchased a new stake in shares of Wesco Aircraft in the third quarter valued at about $154,000. Ramsey Quantitative Systems purchased a new stake in shares of Wesco Aircraft in the second quarter valued at about $278,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Wesco Aircraft in the third quarter valued at about $242,000. Finally, Voya Investment Management LLC raised its holdings in shares of Wesco Aircraft by 26.1% in the second quarter. Voya Investment Management LLC now owns 26,009 shares of the aerospace company’s stock valued at $282,000 after buying an additional 5,376 shares during the last quarter. 94.88% of the stock is owned by hedge funds and other institutional investors.

Shares of Wesco Aircraft (NYSE:WAIR) traded down $0.10 during mid-day trading on Tuesday, hitting $7.65. 497,279 shares of the company were exchanged, compared to its average volume of 391,311. The company has a current ratio of 3.87, a quick ratio of 1.11 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $771.31, a P/E ratio of -3.19, a P/E/G ratio of 0.99 and a beta of 0.66. Wesco Aircraft has a 12-month low of $6.05 and a 12-month high of $15.55.

Wesco Aircraft (NYSE:WAIR) last issued its earnings results 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 firm had revenue of $361.60 million for the quarter, compared to analyst estimates of $363.20 million. Wesco Aircraft had a positive return on equity of 7.37% and a negative net margin of 16.60%. The business’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 EPS. equities analysts expect that Wesco Aircraft will post 0.64 earnings per share for the current fiscal year.

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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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