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

Other equities research analysts have also issued research reports about the company. BidaskClub lowered Wesco Aircraft from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised Wesco Aircraft from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Thursday, October 19th. SunTrust Banks reissued a “buy” rating and set a $12.00 price target on shares of Wesco Aircraft in a research note on Monday, October 2nd. Deutsche Bank raised 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. Finally, Cowen reissued a “hold” rating and set a $7.00 price target on shares of Wesco Aircraft in a research note on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.30.

Shares of Wesco Aircraft (WAIR) opened at $7.40 on Friday. Wesco Aircraft has a 52 week low of $6.05 and a 52 week 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 stock has a market capitalization of $736.48, a P/E ratio of -3.08, a P/E/G ratio of 0.96 and a beta of 0.66.

Wesco Aircraft (NYSE:WAIR) last posted its earnings results on Tuesday, November 28th. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.11). Wesco Aircraft had a negative net margin of 10.59% and a negative return on equity of 22.96%. The company had revenue of $361.60 million during the quarter, compared to analysts’ expectations of $363.20 million. During the same period in the previous year, the company posted $0.30 EPS. Wesco Aircraft’s quarterly revenue was down 1.1% compared to the same quarter last year. equities analysts forecast that Wesco Aircraft will post 0.64 earnings per share for the current year.

In other Wesco Aircraft news, EVP Declan O. Grant purchased 7,170 shares of Wesco Aircraft stock in a transaction on Monday, December 11th. The shares were bought at an average price of $6.94 per share, with a total value of $49,759.80. Following the purchase, the executive vice president now directly owns 70,760 shares in the company, valued at approximately $491,074.40. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 11.90% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Makaira Partners LLC raised 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 worth $95,634,000 after buying an additional 523,880 shares during the period. Frontier Capital Management Co. LLC raised its position in shares of Wesco Aircraft by 9.4% in 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 buying an additional 522,991 shares during the period. Vanguard Group Inc. raised its position 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 worth $49,201,000 after buying an additional 19,114 shares during the period. Cove Street Capital LLC raised its position in shares of Wesco Aircraft by 146.6% in the 2nd quarter. Cove Street Capital LLC now owns 4,375,845 shares of the aerospace company’s stock worth $47,478,000 after buying an additional 2,601,134 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Wesco Aircraft by 6.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,328,895 shares of the aerospace company’s stock worth $40,691,000 after buying an additional 267,486 shares during the period. 94.88% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Wesco Aircraft (NYSE:WAIR)

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