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.
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.
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