Wesco Aircraft Holdings Given Hold Rating at Deutsche Bank (WAIR)
Wesco Aircraft Holdings (NASDAQ:WAIR)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank in a report released on Tuesday. They currently have a $23.00 target price on the stock, down from their previous target price of $24.00. Deutsche Bank’s target price points to a potential upside of 28.56% from the stock’s previous close.
WAIR has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of Wesco Aircraft Holdings in a research note on Tuesday. They now have a $22.00 price target on the stock, down previously from $23.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Wesco Aircraft Holdings in a research note on Tuesday. They now have a $24.00 price target on the stock, down previously from $25.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Wesco Aircraft Holdings in a research note on Tuesday. They now have a $26.00 price target on the stock, down previously from $28.00. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $23.44.
Wesco Aircraft Holdings (NASDAQ:WAIR) traded down 5.31% on Tuesday, hitting $18.00. 1,266,100 shares of the company’s stock traded hands. Wesco Aircraft Holdings has a 52-week low of $18.05 and a 52-week high of $23.10. The stock’s 50-day moving average is $19.80 and its 200-day moving average is $20.99. The company has a market cap of $1.745 billion and a price-to-earnings ratio of 17.46.
Wesco Aircraft Holdings (NASDAQ:WAIR) last released its earnings data on Monday, August 4th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 71.9% on a year-over-year basis. Analysts expect that Wesco Aircraft Holdings will post $1.35 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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