Wesco Aircraft (WAIR) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Wesco Aircraft (NYSE:WAIR) from a hold rating to a sell rating in a research report released on Friday.

Separately, Cowen restated a hold rating and set a $9.00 target price on shares of Wesco Aircraft in a research note on Wednesday, February 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $10.50.

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NYSE:WAIR opened at $8.19 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.07 and a current ratio of 3.90. Wesco Aircraft has a 12 month low of $7.55 and a 12 month high of $14.23. The stock has a market capitalization of $847.85 million, a price-to-earnings ratio of 10.92, a P/E/G ratio of 0.87 and a beta of 0.60.

Wesco Aircraft (NYSE:WAIR) last announced its earnings results on Thursday, January 31st. The aerospace company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $395.31 million during the quarter, compared to the consensus estimate of $385.37 million. Wesco Aircraft had a return on equity of 11.23% and a net margin of 2.45%. Equities research analysts anticipate that Wesco Aircraft will post 0.81 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Quantamental Technologies LLC acquired a new position in Wesco Aircraft in the fourth quarter worth about $64,000. CWM Advisors LLC acquired a new position in Wesco Aircraft in the fourth quarter worth about $81,000. Mackenzie Financial Corp acquired a new position in Wesco Aircraft in the third quarter worth about $130,000. SG Americas Securities LLC acquired a new position in Wesco Aircraft in the third quarter worth about $139,000. Finally, United Services Automobile Association acquired a new position in Wesco Aircraft in the third quarter worth about $168,000. Institutional investors and hedge funds own 90.18% of the company’s stock.

Wesco Aircraft Company Profile

Wesco Aircraft Holdings, Inc distributes aerospace products and provides supply chain management services to the aerospace industry in North America and internationally. Its services include distribution, supplier relationships management, quality assurance, kitting, just-in-time delivery, chemical management, third-party logistics or fourth-party logistics program, and point-of-use inventory management.

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