Wesco Aircraft Holdings Rating Reiterated by Barclays (WAIR)
Wesco Aircraft Holdings (NASDAQ:WAIR)‘s stock had its “overweight” rating restated by research analysts at Barclays in a report released on Tuesday. They currently have a $24.00 price objective on the stock, down from their previous price objective of $25.00. Barclays’ price objective would suggest a potential upside of 26.85% from the stock’s previous close.
WAIR has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $23.64.
Wesco Aircraft Holdings (NASDAQ:WAIR) traded down 5.94% on Tuesday, hitting $17.88. The stock had a trading volume of 736,715 shares. Wesco Aircraft Holdings has a one year low of $18.05 and a one year 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 $1.733 billion and a price-to-earnings ratio of 17.46.
Wesco Aircraft Holdings (NASDAQ:WAIR) last posted its quarterly earnings results 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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