ValuEngine lowered shares of Wesco Aircraft (NYSE:WAIR) from a buy rating to a hold rating in a research report sent to investors on Tuesday.
A number of other equities research analysts have also issued reports on the company. UBS Group started coverage on Wesco Aircraft in a research report on Wednesday, August 15th. They issued a sell rating and a $11.00 price target on the stock. Cowen reaffirmed a hold rating and issued a $8.00 price target on shares of Wesco Aircraft in a research report on Monday, May 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Wesco Aircraft presently has an average rating of Hold and a consensus target price of $10.08.
Shares of Wesco Aircraft stock opened at $10.75 on Tuesday. Wesco Aircraft has a 12 month low of $6.05 and a 12 month high of $14.23. The stock has a market cap of $1.13 billion, a P/E ratio of 18.22, a PEG ratio of 1.20 and a beta of 0.14. 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 posted 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 company had revenue of $410.36 million for 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 revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 EPS. equities analysts expect that Wesco Aircraft will post 0.79 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of WAIR. Makaira Partners LLC raised its position in shares of Wesco Aircraft by 6.3% during the 1st quarter. Makaira Partners LLC now owns 10,817,428 shares of the aerospace company’s stock worth $110,878,000 after acquiring an additional 643,610 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Wesco Aircraft by 7.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,688,417 shares of the aerospace company’s stock worth $63,995,000 after acquiring an additional 386,922 shares in the last quarter. FMR LLC acquired a new stake in shares of Wesco Aircraft during the 2nd quarter worth about $34,957,000. Royce & Associates LP raised its position in shares of Wesco Aircraft by 2.2% during the 2nd quarter. Royce & Associates LP now owns 3,050,257 shares of the aerospace company’s stock worth $34,315,000 after acquiring an additional 64,700 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Wesco Aircraft during the 1st quarter worth about $23,871,000. 90.48% of the stock is currently owned by institutional investors.
Wesco Aircraft Company Profile
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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