Wesco Aircraft Holdings Inc. Sets New 1-Year High at $22.59 (WAIR)
Shares of Wesco Aircraft Holdings (NASDAQ:WAIR) hit a new 52-week high on Tuesday, Analyst Ratings.Net reports. The company traded as high as $22.59 and last traded at $22.18, with a volume of 261,574 shares trading hands. The stock had previously closed at $21.41.
A number of research firms have recently commented on WAIR. Analysts at Merrill Lynch upgraded shares of Wesco Aircraft Holdings to a “buy” rating in a research note to investors on Tuesday. Separately, analysts at Bank of America Corp. upgraded shares of Wesco Aircraft Holdings from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $26.00 price target on the stock, up previously from $22.00. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Wesco Aircraft Holdings in a research note to investors on Friday, November 22nd. They now have a $20.00 price target on the stock, down previously from $21.00. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Wesco Aircraft Holdings presently has a consensus rating of “Hold” and an average target price of $19.79.
In other Wesco Aircraft Holdings news, CEO Randy Snyder sold 30,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $21.47, for a total transaction of $644,100.00. Following the transaction, the chief executive officer now directly owns 45,000 shares of the company’s stock, valued at approximately $966,150. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Wesco Aircraft Holdings has a 52 week low of $12.04 and a 52 week high of $22.30. The stock has a 50-day moving average of $20.94 and a 200-day moving average of $19.81. The company has a market cap of $2.119 billion and a price-to-earnings ratio of 19.64.
Wesco Aircraft Holdings (NASDAQ:WAIR) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $234.30 million for the quarter, compared to the consensus estimate of $234.01 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts expect that Wesco Aircraft Holdings will post $1.34 EPS for the current fiscal year.
Wesco Aircraft Holdings, Inc, formerly Wesco Holdings, Inc, a holding company for Wesco Aircraft Hardware Corp.
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