Wesco Aircraft (WAIR) Now Covered by Analysts at Longbow Research

Analysts at Longbow Research began coverage on shares of Wesco Aircraft (NYSE:WAIR) in a research note issued on Thursday. The firm set a “neutral” rating on the aerospace company’s stock.

Several other equities research analysts also recently issued reports on the stock. ValuEngine raised shares of Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Zacks Investment Research downgraded shares of Wesco Aircraft from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 19th. Deutsche Bank raised shares of Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 price target on the stock in a research note on Thursday, November 30th. Cowen reaffirmed a “hold” rating and set a $7.00 price target on shares of Wesco Aircraft in a research note on Wednesday, November 29th. Finally, BidaskClub downgraded shares of Wesco Aircraft from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Wesco Aircraft has a consensus rating of “Hold” and an average target price of $9.30.

Wesco Aircraft (NYSE WAIR) opened at $7.65 on Thursday. Wesco Aircraft has a one year low of $6.05 and a one year high of $15.55. The company has a quick ratio of 1.11, a current ratio of 3.87 and a debt-to-equity ratio of 1.22. The company has a market cap of $761.36, a price-to-earnings ratio of -3.19, a PEG ratio of 0.97 and a beta of 0.66.

Wesco Aircraft (NYSE:WAIR) last issued its earnings results on Tuesday, November 28th. The aerospace company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.11). Wesco Aircraft had a negative net margin of 16.60% and a positive return on equity of 7.37%. The business had revenue of $361.60 million during the quarter, compared to analysts’ expectations of $363.20 million. During the same period in the prior year, the business posted $0.30 EPS. The business’s revenue was down 1.1% on a year-over-year basis. sell-side analysts forecast that Wesco Aircraft will post 0.64 earnings per share for the current year.

In related news, EVP Declan O. Grant bought 7,170 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was bought at an average price of $6.94 per share, with a total value of $49,759.80. Following the transaction, the executive vice president now owns 70,760 shares of the company’s stock, valued at $491,074.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 10.30% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of Wesco Aircraft by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 12,661 shares of the aerospace company’s stock valued at $137,000 after buying an additional 1,898 shares during the period. Huber Capital Management LLC acquired a new position in shares of Wesco Aircraft in the 3rd quarter valued at about $154,000. Aperio Group LLC acquired a new position in shares of Wesco Aircraft in the 2nd quarter valued at about $186,000. Ramsey Quantitative Systems acquired a new position in shares of Wesco Aircraft in the 2nd quarter valued at about $278,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Wesco Aircraft in the 3rd quarter valued at about $242,000. 94.88% of the stock is owned by institutional investors.

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About Wesco Aircraft

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.

Analyst Recommendations for Wesco Aircraft (NYSE:WAIR)

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