Wesco Aircraft Holdings Given Buy Rating at Citigroup Inc. (WAIR)
Wesco Aircraft Holdings (NASDAQ:WAIR)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup Inc. in a report issued on Tuesday. They currently have a $26.00 price objective on the stock, down from their previous price objective of $28.00. Citigroup Inc.’s price objective points to a potential upside of 37.42% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital cut their price target on shares of Wesco Aircraft Holdings from $27.00 to $23.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Analysts at Jefferies Group cut their price target on shares of Wesco Aircraft Holdings from $25.00 to $23.00 in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $23.64.
Wesco Aircraft Holdings (NASDAQ:WAIR) traded down 5.68% on Tuesday, hitting $17.93. The stock had a trading volume of 809,685 shares. Wesco Aircraft Holdings has a 52 week low of $18.05 and a 52 week high of $23.10. The stock has a 50-day moving average of $19.80 and a 200-day moving average of $20.99. The company has a market cap of $1.738 billion and a P/E ratio of 17.46.
Wesco Aircraft Holdings (NASDAQ:WAIR) last announced its earnings results on Monday, August 4th. The company reported $0.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.03. The company had revenue of $395.60 million for the quarter, compared to the consensus estimate of $405.82 million. During the same quarter last year, the company posted $0.31 earnings per share. Wesco Aircraft Holdings’s revenue was up 71.9% compared to the same quarter last year. On average, analysts predict that Wesco Aircraft Holdings will post $1.35 earnings per share 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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