Wesco Aircraft Holdings Inc. (NYSE:WAIR) has received a consensus recommendation of “Hold” from the nine analysts that are covering the stock. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $12.13.
WAIR has been the topic of a number of research analyst reports. Rosenblatt Securities cut their price target on shares of Wesco Aircraft Holdings from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 28th. KeyCorp reiterated a “hold” rating on shares of Wesco Aircraft Holdings in a report on Wednesday. Finally, Jefferies Group dropped their price objective on shares of Wesco Aircraft Holdings from $12.00 to $11.00 and set an “underperform” rating on the stock in a report on Friday, August 5th.
Several large investors have recently bought and sold shares of the company. Atria Investments LLC acquired a new stake in Wesco Aircraft Holdings during the second quarter worth $154,000. Janney Montgomery Scott LLC acquired a new stake in Wesco Aircraft Holdings during the second quarter worth $182,000. Principal Financial Group Inc. raised its stake in Wesco Aircraft Holdings by 8.0% in the second quarter. Principal Financial Group Inc. now owns 13,836 shares of the company’s stock worth $186,000 after buying an additional 1,023 shares in the last quarter. Princeton Alpha Management LP acquired a new stake in Wesco Aircraft Holdings during the second quarter worth $193,000. Finally, BlackRock Inc. raised its stake in Wesco Aircraft Holdings by 254.6% in the second quarter. BlackRock Inc. now owns 14,860 shares of the company’s stock worth $199,000 after buying an additional 10,669 shares in the last quarter. Institutional investors own 89.27% of the company’s stock.
Shares of Wesco Aircraft Holdings (NYSE:WAIR) opened at 13.43 on Tuesday. Wesco Aircraft Holdings has a one year low of $9.91 and a one year high of $15.07. The stock has a 50 day moving average of $13.70 and a 200-day moving average of $13.91. The company’s market capitalization is $1.32 billion.
Wesco Aircraft Holdings (NYSE:WAIR) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. The business had revenue of $375.20 million for the quarter, compared to analysts’ expectations of $381.12 million. Wesco Aircraft Holdings had a negative net margin of 9.85% and a positive return on equity of 12.72%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share. On average, equities analysts forecast that Wesco Aircraft Holdings will post $1.12 earnings per share for the current fiscal year.
Wesco Aircraft Holdings Company Profile
Wesco Aircraft Holdings, Inc is a distributor and provider of supply chain management services to the global aerospace industry. The Company’s services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time (JIT) delivery and point-of-use inventory management.
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