Wesco Aircraft Holdings, Inc. (WAIR) Given a $9.00 Price Target by Jefferies Group LLC Analysts
Wesco Aircraft Holdings, Inc. (NYSE:WAIR) has been given a $9.00 price objective by analysts at Jefferies Group LLC in a research report issued on Friday. The brokerage presently has a “hold” rating on the aerospace company’s stock. Jefferies Group LLC’s price target indicates a potential downside of 10.67% from the company’s current price.
A number of other analysts have also recently weighed in on WAIR. BidaskClub raised shares of Wesco Aircraft Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. ValuEngine cut shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Citigroup Inc. cut shares of Wesco Aircraft Holdings from a “buy” rating to a “neutral” rating in a research note on Monday, May 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Wesco Aircraft Holdings has an average rating of “Hold” and a consensus target price of $14.40.
Shares of Wesco Aircraft Holdings (NYSE WAIR) traded up 1.244% during trading on Friday, reaching $10.175. 203,575 shares of the company’s stock were exchanged. The company has a market capitalization of $1.01 billion, a PE ratio of 12.896 and a beta of 0.64. Wesco Aircraft Holdings has a 52-week low of $7.46 and a 52-week high of $15.78. The company has a 50 day moving average price of $9.52 and a 200-day moving average price of $12.41.
Wesco Aircraft Holdings (NYSE:WAIR) last posted its earnings results on Tuesday, May 9th. The aerospace company reported $0.21 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.21. The business had revenue of $364.60 million for the quarter, compared to analysts’ expectations of $367.92 million. Wesco Aircraft Holdings had a net margin of 5.39% and a return on equity of 11.03%. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. On average, equities analysts forecast that Wesco Aircraft Holdings will post $0.86 earnings per share for the current year.
In other Wesco Aircraft Holdings news, Director Thomas Bancroft bought 246,510 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were acquired at an average price of $9.83 per share, with a total value of $2,423,193.30. Following the completion of the purchase, the director now directly owns 13,487 shares in the company, valued at approximately $132,577.21. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders purchased 1,396,510 shares of company stock worth $12,570,693. 10.30% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Foundry Partners LLC purchased a new position in Wesco Aircraft Holdings during the first quarter worth approximately $2,617,000. Teachers Advisors LLC raised its position in Wesco Aircraft Holdings by 42.3% in the fourth quarter. Teachers Advisors LLC now owns 129,451 shares of the aerospace company’s stock worth $1,935,000 after buying an additional 38,508 shares during the period. Norges Bank purchased a new position in Wesco Aircraft Holdings during the fourth quarter worth approximately $14,084,000. Tudor Investment Corp Et Al purchased a new position in Wesco Aircraft Holdings during the fourth quarter worth approximately $511,000. Finally, Wexford Capital LP purchased a new position in Wesco Aircraft Holdings during the fourth quarter worth approximately $345,000. Hedge funds and other institutional investors own 88.09% of the company’s stock.
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 operates through two segments: North America and Rest of World. As of September 30, 2016, the Company supplied over 565,000 active stock-keeping units (SKUs), including C-class hardware, chemicals, electronic components, bearings, tools and machined parts.
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