Wesco Aircraft Holdings Inc (WAIR) Receives $8.88 Average Target Price from Analysts
Shares of Wesco Aircraft Holdings Inc (NYSE:WAIR) have been assigned an average rating of “Hold” from the ten analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $8.88.
A number of equities analysts have issued reports on the company. Zacks Investment Research raised Wesco Aircraft from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday, October 19th. BidaskClub lowered Wesco Aircraft from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 31st. Cowen reaffirmed a “hold” rating and issued a $7.00 target price on shares of Wesco Aircraft in a research report on Wednesday, November 29th. Longbow Research assumed coverage on Wesco Aircraft in a research report on Thursday, January 4th. They issued a “neutral” rating on the stock. Finally, ValuEngine raised Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st.
Shares of Wesco Aircraft (WAIR) traded down $0.23 on Friday, hitting $6.32. The company’s stock had a trading volume of 248,763 shares, compared to its average volume of 399,147. Wesco Aircraft has a one year low of $6.05 and a one year high of $15.20. The firm has a market cap of $701.64, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 0.95 and a beta of 0.58. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.11 and a current ratio of 3.87.
In other news, EVP Declan O. Grant purchased 7,170 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average cost 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 in the company, valued at approximately $491,074.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 11.90% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Frontier Capital Management Co. LLC raised its stake in shares of Wesco Aircraft by 9.4% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 6,088,113 shares of the aerospace company’s stock worth $57,228,000 after purchasing an additional 522,991 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Wesco Aircraft by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 4,534,638 shares of the aerospace company’s stock valued at $49,201,000 after buying an additional 19,114 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Wesco Aircraft by 42.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 78,919 shares of the aerospace company’s stock valued at $837,000 after buying an additional 23,617 shares during the period. Northern Trust Corp increased its stake in shares of Wesco Aircraft by 79.5% in the 2nd quarter. Northern Trust Corp now owns 1,308,517 shares of the aerospace company’s stock valued at $14,198,000 after buying an additional 579,446 shares during the period. Finally, Makaira Partners LLC increased its stake 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 period. Hedge funds and other institutional investors own 93.90% of the company’s stock.
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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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