Wesco Aircraft (NYSE:WAIR) was upgraded by stock analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

WAIR has been the subject of a number of other reports. BidaskClub upgraded Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 27th. Zacks Investment Research upgraded Wesco Aircraft from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Thursday, October 19th. Deutsche Bank upgraded Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 target price for the company in a research report on Thursday. SunTrust Banks reiterated a “buy” rating and set a $12.00 target price on shares of Wesco Aircraft in a research report on Monday, October 2nd. Finally, Cowen reiterated a “hold” rating on shares of Wesco Aircraft in a research report on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $9.30.

Wesco Aircraft (NYSE WAIR) traded down $0.10 on Friday, reaching $7.30. The company had a trading volume of 506,168 shares, compared to its average volume of 574,420. The company has a market cap of $766.76, a P/E ratio of 13.28, a PEG ratio of 0.84 and a beta of 0.74. Wesco Aircraft has a twelve month low of $6.05 and a twelve month high of $15.78. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.06 and a quick ratio of 1.19.

Wesco Aircraft (NYSE:WAIR) last released its quarterly earnings results on Tuesday, November 28th. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.11). The firm had revenue of $361.60 million during the quarter, compared to the consensus estimate of $363.20 million. Wesco Aircraft had a negative net margin of 16.60% and a positive return on equity of 6.97%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.30 earnings per share. sell-side analysts predict that Wesco Aircraft will post 0.77 EPS for the current year.

Several institutional investors have recently bought and sold shares of WAIR. Ladenburg Thalmann Financial Services Inc. increased its holdings in Wesco Aircraft by 13.9% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 53,400 shares of the aerospace company’s stock worth $502,000 after purchasing an additional 6,500 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Wesco Aircraft in the 3rd quarter valued at about $997,000. Makaira Partners LLC grew its position in shares of Wesco Aircraft by 5.4% in the 3rd quarter. Makaira Partners LLC now owns 10,173,818 shares of the aerospace company’s stock valued at $95,634,000 after buying an additional 523,880 shares during the last quarter. Royce & Associates LP grew its position in shares of Wesco Aircraft by 1.7% in the 3rd quarter. Royce & Associates LP now owns 2,837,007 shares of the aerospace company’s stock valued at $26,668,000 after buying an additional 46,584 shares during the last quarter. Finally, Huber Capital Management LLC bought a new stake in shares of Wesco Aircraft in the 3rd quarter valued at about $154,000. 94.87% of the stock is owned by institutional investors.

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Wesco Aircraft 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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Analyst Recommendations for Wesco Aircraft (NYSE:WAIR)

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