Shares of Wesco Aircraft Holdings Inc (NYSE:WAIR) have been assigned an average rating of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $10.08.

A number of brokerages have commented on WAIR. ValuEngine lowered Wesco Aircraft from a “buy” rating to a “hold” rating in a research report on Friday, June 29th. UBS Group began coverage on Wesco Aircraft in a research report on Wednesday, August 15th. They set a “sell” rating and a $11.00 price objective for the company.

WAIR traded up $0.10 during trading on Friday, reaching $10.65. The company had a trading volume of 248,066 shares, compared to its average volume of 328,769. The stock has a market capitalization of $1.08 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.14 and a beta of 0.14. Wesco Aircraft has a 12-month low of $6.05 and a 12-month high of $14.23. The company has a current ratio of 3.61, a quick ratio of 1.05 and a debt-to-equity ratio of 1.14.

Wesco Aircraft (NYSE:WAIR) last issued its quarterly earnings results on Thursday, August 2nd. The aerospace company reported $0.20 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.20. The firm had revenue of $410.36 million for the quarter, compared to analysts’ expectations 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 was up 12.8% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. research analysts predict that Wesco Aircraft will post 0.79 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its holdings in shares of Wesco Aircraft by 767.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,061,173 shares of the aerospace company’s stock valued at $23,188,000 after buying an additional 1,823,540 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Wesco Aircraft by 29.1% during the 2nd quarter. Millennium Management LLC now owns 189,438 shares of the aerospace company’s stock valued at $2,131,000 after buying an additional 42,742 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Wesco Aircraft by 14.3% during the 2nd quarter. Bank of America Corp DE now owns 189,669 shares of the aerospace company’s stock valued at $2,134,000 after buying an additional 23,745 shares during the last quarter. Huber Capital Management LLC lifted its holdings in shares of Wesco Aircraft by 410.5% during the 2nd quarter. Huber Capital Management LLC now owns 598,960 shares of the aerospace company’s stock valued at $6,738,000 after buying an additional 481,621 shares during the last quarter. Finally, Citadel Advisors LLC lifted its holdings in shares of Wesco Aircraft by 96.2% during the 2nd quarter. Citadel Advisors LLC now owns 83,623 shares of the aerospace company’s stock valued at $940,000 after buying an additional 41,010 shares during the last quarter. Hedge funds and other institutional investors own 90.48% 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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

Analyst Recommendations for Wesco Aircraft (NYSE:WAIR)

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