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

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

Several research analysts recently issued reports on the stock. BidaskClub raised shares of Wesco Aircraft from a “hold” rating to a “buy” rating in a report on Saturday, September 16th. ValuEngine raised shares of Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Deutsche Bank raised shares of Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 price target for the company in a report on Thursday, November 30th. Zacks Investment Research cut shares of Wesco Aircraft from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 19th. Finally, SunTrust Banks reissued a “buy” rating and set a $12.00 price target on shares of Wesco Aircraft in a report on Monday, October 2nd.

Wesco Aircraft (NYSE:WAIR) traded down $0.10 during midday trading on Tuesday, reaching $7.65. 497,279 shares of the company traded hands, compared to its average volume of 391,311. The stock has a market capitalization of $771.31, a PE ratio of -3.19, a P/E/G ratio of 0.99 and a beta of 0.66. Wesco Aircraft has a 52-week low of $6.05 and a 52-week high of $15.55. The company has a quick ratio of 1.11, a current ratio of 3.87 and a debt-to-equity ratio of 1.22.

Wesco Aircraft (NYSE:WAIR) last posted its quarterly earnings results on Tuesday, November 28th. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.11). The firm had revenue of $361.60 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $0.30 earnings per share. equities research analysts predict that Wesco Aircraft will post 0.64 earnings per share for the current year.

In related news, EVP Declan O. Grant bought 7,170 shares of the stock in a transaction on Monday, December 11th. The shares were bought at an average cost of $6.94 per share, for a total transaction of $49,759.80. Following the completion of the transaction, the executive vice president now owns 70,760 shares of the company’s stock, valued at approximately $491,074.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.90% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Frontier Capital Management Co. LLC grew its position in Wesco Aircraft by 9.4% during the third quarter. Frontier Capital Management Co. LLC now owns 6,088,113 shares of the aerospace company’s stock worth $57,228,000 after buying an additional 522,991 shares during the period. Vanguard Group Inc. grew its position in shares of Wesco Aircraft by 0.4% in the second 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 during the last quarter. Kennedy Capital Management Inc. acquired a new stake in shares of Wesco Aircraft in the second quarter valued at approximately $2,363,000. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Wesco Aircraft by 42.7% in the second 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 during the last quarter. Finally, Northern Trust Corp grew its position in shares of Wesco Aircraft by 79.5% in the second quarter. Northern Trust Corp now owns 1,308,517 shares of the aerospace company’s stock valued at $14,198,000 after purchasing an additional 579,446 shares during the last quarter. Institutional investors own 94.88% 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.

Analyst Recommendations for Wesco Aircraft (NYSE:WAIR)

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