Wesco Aircraft Holdings Inc (NYSE:WAIR) has been given an average recommendation of “Hold” by the nine brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $9.70.

WAIR has been the topic of a number of recent analyst reports. ValuEngine raised shares of Wesco Aircraft from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. UBS Group initiated coverage on shares of Wesco Aircraft in a research report on Wednesday, August 15th. They issued a “sell” rating and a $11.00 price objective on the stock.

WAIR traded up $0.18 during trading hours on Thursday, hitting $10.98. 37,899 shares of the company’s stock were exchanged, compared to its average volume of 496,438. Wesco Aircraft has a 12-month low of $6.05 and a 12-month high of $14.23. The company has a market cap of $1.12 billion, a P/E ratio of 18.61, a PEG ratio of 1.19 and a beta of 0.11. The company has a quick ratio of 1.05, a current ratio of 3.61 and a debt-to-equity ratio of 1.14.

Wesco Aircraft (NYSE:WAIR) last announced its earnings results on Thursday, August 2nd. The aerospace company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Wesco Aircraft had a negative net margin of 0.85% and a positive return on equity of 9.82%. The firm had revenue of $410.36 million for the quarter, compared to the consensus estimate of $385.06 million. During the same period in the prior year, the firm earned $0.10 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. Research analysts forecast that Wesco Aircraft will post 0.79 earnings per share for the current year.

Several institutional investors have recently modified their holdings of WAIR. Huber Capital Management LLC boosted its stake in Wesco Aircraft by 410.5% during the 2nd quarter. Huber Capital Management LLC now owns 598,960 shares of the aerospace company’s stock worth $6,738,000 after purchasing an additional 481,621 shares during the period. Alpha Windward LLC acquired a new stake in Wesco Aircraft during the 2nd quarter worth $533,000. Bank of New York Mellon Corp boosted its stake in 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 worth $23,188,000 after purchasing an additional 1,823,540 shares during the period. FMR LLC acquired a new stake in Wesco Aircraft during the 2nd quarter worth $34,957,000. Finally, Aperio Group LLC boosted its stake in Wesco Aircraft by 49.3% during the 2nd quarter. Aperio Group LLC now owns 72,754 shares of the aerospace company’s stock worth $818,000 after purchasing an additional 24,039 shares during the period. Institutional investors and hedge funds 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.

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Analyst Recommendations for Wesco Aircraft (NYSE:WAIR)

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