Wesco Aircraft Holdings Inc (NYSE:WAIR) has been given an average recommendation of “Hold” by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $10.25.
A number of equities analysts have issued reports on WAIR shares. UBS Group started coverage on Wesco Aircraft in a research note on Wednesday, August 15th. They set 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 research note on Tuesday, September 4th.
NYSE WAIR traded down $0.11 on Friday, reaching $8.94. 833,100 shares of the stock traded hands, compared to its average volume of 479,337. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.15 and a current ratio of 4.08. The firm has a market cap of $903.99 million, a P/E ratio of 11.92, a PEG ratio of 0.92 and a beta of 0.25. Wesco Aircraft has a 12 month low of $6.15 and a 12 month high of $14.23.
Wesco Aircraft (NYSE:WAIR) last issued its quarterly earnings results on Thursday, November 15th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The firm had revenue of $406.82 million for the quarter, compared to the consensus estimate of $392.77 million. Wesco Aircraft had a net margin of 2.08% and a return on equity of 11.11%. On average, research analysts predict that Wesco Aircraft will post 0.83 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp bought a new position in Wesco Aircraft during the 3rd quarter valued at $130,000. SG Americas Securities LLC bought a new position in Wesco Aircraft during the 3rd quarter valued at $139,000. United Services Automobile Association bought a new position in Wesco Aircraft during the 3rd quarter valued at $168,000. Renaissance Technologies LLC bought a new stake in shares of Wesco Aircraft during the 3rd quarter worth $173,000. Finally, First Hawaiian Bank bought a new stake in shares of Wesco Aircraft during the 3rd quarter worth $186,000. 90.65% of the stock is owned by hedge funds and other institutional investors.
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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