Sidoti Initiates Coverage on Wesco Aircraft (WAIR)

By admin | 6 years ago

Equities research analysts at Sidoti initiated coverage on shares of Wesco Aircraft (NASDAQ: WAIR) in a research note issued to investors on Tuesday. The firm set a “buy” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase (NYSE: JPM) cut their price target on shares of Wesco Aircraft from $15.00 to $14.00 in a research note to investors on Tuesday, May 8th. Separately, analysts at Bank of America (NYSE: BAC) raised their price target on shares of Wesco Aircraft from $19.00 to $20.00 in a research note to investors on Tuesday, May 8th. Finally, analysts at RBC Capital (NYSE: RY) downgraded shares of Wesco Aircraft from an “outperform” rating to a “sector perform” rating in a research note to investors on Thursday, March 29th.

Shares of Wesco Aircraft traded up 0.14% during mid-day trading on Tuesday, hitting $14.78. Wesco Aircraft has a 52 week low of $8.77 and a 52 week high of $16.37. The company has a market cap of $1.356 billion and a P/E ratio of 18.64.

Wesco Aircraft last announced its earnings results on Monday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.03. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts predict that Wesco Aircraft will post $0.24 earnings per share next quarter.

Wesco Aircraft Holdings, Inc., formerly Wesco Holdings, Inc., a holding company for Wesco Aircraft Hardware Corp.

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