Shares of Wesco Aircraft Holdings Inc (NYSE:WAIR) have received an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $8.88.

Several equities research analysts have commented on WAIR shares. Deutsche Bank upgraded shares of Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 target price on the stock in a research report on Thursday, November 30th. Cowen restated a “hold” rating and set a $7.00 target price on shares of Wesco Aircraft in a research report on Wednesday, November 29th. Zacks Investment Research lowered shares of Wesco Aircraft from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 19th. ValuEngine upgraded shares of Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Finally, BidaskClub lowered shares of Wesco Aircraft from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th.

Shares of Wesco Aircraft (NYSE:WAIR) traded down $0.10 during midday trading on Tuesday, hitting $7.65. 497,479 shares of the company’s stock traded hands, compared to its average volume of 783,731. The stock has a market cap of $761.36, a price-to-earnings ratio of -3.19, a P/E/G ratio of 0.97 and a beta of 0.66. Wesco Aircraft has a 52 week low of $6.05 and a 52 week high of $15.55. The company has a quick ratio of 1.11, a current ratio of 3.87 and a debt-to-equity ratio of 1.22.

Wesco Aircraft (NYSE:WAIR) last issued its earnings results on Tuesday, November 28th. The aerospace company reported $0.08 EPS for the quarter, missing the consensus estimate 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 positive return on equity of 7.37% and a negative net margin of 16.60%. Wesco Aircraft’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. equities research analysts forecast that Wesco Aircraft will post 0.66 earnings per share for the current year.

In other Wesco Aircraft news, EVP Declan O. Grant acquired 7,170 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average cost of $6.94 per share, for a total transaction of $49,759.80. Following the transaction, the executive vice president now directly owns 70,760 shares of the company’s stock, valued at $491,074.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.30% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in WAIR. Schwab Charles Investment Management Inc. boosted its position in shares of Wesco Aircraft by 0.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 248,053 shares of the aerospace company’s stock worth $2,692,000 after buying an additional 2,141 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Wesco Aircraft by 8.3% in the 2nd quarter. First Trust Advisors LP now owns 149,122 shares of the aerospace company’s stock worth $1,618,000 after buying an additional 11,470 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Wesco Aircraft by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 74,448 shares of the aerospace company’s stock worth $808,000 after buying an additional 1,731 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Wesco Aircraft by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 12,661 shares of the aerospace company’s stock worth $137,000 after buying an additional 1,898 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Wesco Aircraft in the 2nd quarter worth about $304,000. Institutional investors and hedge funds own 94.88% 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.

Analyst Recommendations for Wesco Aircraft (NYSE:WAIR)

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