Wesco Aircraft (WAIR) Upgraded at Deutsche Bank
Wesco Aircraft (NYSE:WAIR) was upgraded by equities research analysts at Deutsche Bank from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday. The firm presently has a $7.50 price objective on the aerospace company’s stock. Deutsche Bank’s price objective points to a potential upside of 3.45% from the company’s current price.
A number of other analysts have also weighed in on WAIR. Cowen reissued a “hold” rating on shares of Wesco Aircraft in a research note on Wednesday, August 9th. TheStreet downgraded Wesco Aircraft from a “c” rating to a “d+” rating in a report on Tuesday, August 8th. ValuEngine downgraded Wesco Aircraft from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. BidaskClub upgraded Wesco Aircraft from a “hold” rating to a “buy” rating in a report on Saturday, September 16th. Finally, SunTrust Banks restated a “buy” rating and set a $12.00 target price on shares of Wesco Aircraft in a report on Monday, October 2nd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Wesco Aircraft presently has an average rating of “Hold” and an average target price of $10.20.
Wesco Aircraft (WAIR) traded down $0.45 during trading hours on Thursday, hitting $7.25. The stock had a trading volume of 3,001,400 shares, compared to its average volume of 573,341. The stock has a market capitalization of $766.76, a price-to-earnings ratio of 13.28, a PEG ratio of 0.84 and a beta of 0.74. Wesco Aircraft has a 52-week low of $6.05 and a 52-week high of $15.78. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.19 and a current ratio of 4.06.
Wesco Aircraft (NYSE:WAIR) last released its quarterly earnings data on Tuesday, November 28th. The aerospace company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.11). The company had revenue of $361.60 million for the quarter, compared to analysts’ expectations of $363.20 million. Wesco Aircraft had a negative net margin of 16.60% and a positive return on equity of 6.97%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the company posted $0.30 EPS. equities research analysts forecast that Wesco Aircraft will post 0.77 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its holdings in shares of Wesco Aircraft by 17.6% during the second quarter. Victory Capital Management Inc. now owns 12,661 shares of the aerospace company’s stock valued at $137,000 after acquiring an additional 1,898 shares in the last quarter. Huber Capital Management LLC bought a new position in shares of Wesco Aircraft during the third quarter valued at approximately $154,000. Aperio Group LLC bought a new position in Wesco Aircraft in the second quarter worth $186,000. Campbell & CO Investment Adviser LLC bought a new position in Wesco Aircraft in the third quarter worth $242,000. Finally, Ramsey Quantitative Systems bought a new position in Wesco Aircraft in the second quarter worth $278,000. Institutional investors own 94.87% 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.
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