Wesco Aircraft Holdings Inc (NYSE:WAIR) has been assigned an average recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $9.70.
A number of analysts recently issued reports on WAIR shares. UBS Group started coverage on Wesco Aircraft in a report on Wednesday, August 15th. They issued a “sell” rating and a $11.00 price target for the company. ValuEngine lowered Wesco Aircraft from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th.
Shares of NYSE:WAIR traded up $0.17 during trading hours on Monday, hitting $10.56. 8,238 shares of the company’s stock traded hands, compared to its average volume of 303,544. Wesco Aircraft has a 1 year low of $6.05 and a 1 year high of $14.23. The firm has a market capitalization of $1.03 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 0.92 and a beta of 0.33. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.61 and a quick ratio of 1.05.
Wesco Aircraft (NYSE:WAIR) last announced its quarterly earnings results on Thursday, August 2nd. The aerospace company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The firm had revenue of $410.36 million during the quarter, compared to analyst estimates of $385.06 million. Wesco Aircraft had a positive return on equity of 9.82% and a negative net margin of 0.85%. Wesco Aircraft’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 earnings per share. Equities research analysts expect that Wesco Aircraft will post 0.78 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in WAIR. Wells Fargo & Company MN raised its holdings in Wesco Aircraft by 4.7% in the 3rd quarter. Wells Fargo & Company MN now owns 123,621 shares of the aerospace company’s stock valued at $1,391,000 after acquiring an additional 5,545 shares during the last quarter. Frontier Capital Management Co. LLC raised its holdings in Wesco Aircraft by 8.1% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 6,279,335 shares of the aerospace company’s stock valued at $70,643,000 after acquiring an additional 468,271 shares during the last quarter. James Investment Research Inc. acquired a new stake in Wesco Aircraft in the 3rd quarter valued at about $2,112,000. First Hawaiian Bank acquired a new stake in Wesco Aircraft in the 3rd quarter valued at about $186,000. Finally, Fox Run Management L.L.C. acquired a new stake in Wesco Aircraft in the 3rd quarter valued at about $200,000. Hedge funds and other institutional investors own 90.56% of the company’s stock.
About Wesco Aircraft
Wesco Aircraft Holdings, Inc distributes aerospace products and provides supply chain management services to the aerospace industry in the North America and internationally. Its services comprise traditional distribution, management of supplier relationships, quality assurance, kitting, just-in-time delivery, chemical management services, third-party logistics or fourth-party logistics programs, and point-of-use inventory management.
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