Brokers Issue Forecasts for Wesco Aircraft Holdings Inc’s FY2019 Earnings (NYSE:WAIR)
Wesco Aircraft Holdings Inc (NYSE:WAIR) – Investment analysts at SunTrust Banks cut their FY2019 earnings per share estimates for shares of Wesco Aircraft in a research note issued on Wednesday, October 17th, Zacks Investment Research reports. SunTrust Banks analyst M. Ciarmoli now anticipates that the aerospace company will post earnings of $1.06 per share for the year, down from their prior estimate of $1.07.
Several other equities analysts have also commented on WAIR. ValuEngine upgraded shares of Wesco Aircraft from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. UBS Group assumed coverage on shares of Wesco Aircraft in a research report on Wednesday, August 15th. They set a “sell” rating and a $11.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Wesco Aircraft has an average rating of “Hold” and an average target price of $9.70.
Large investors have recently bought and sold shares of the stock. Verition Fund Management LLC purchased a new position in Wesco Aircraft in the 1st quarter valued at $104,000. Hsbc Holdings PLC purchased a new position in Wesco Aircraft in the 1st quarter valued at $105,000. SG Americas Securities LLC purchased a new position in Wesco Aircraft in the 3rd quarter valued at $139,000. First Hawaiian Bank purchased a new position in Wesco Aircraft in the 3rd quarter valued at $186,000. Finally, Fox Run Management L.L.C. purchased a new position in Wesco Aircraft in the 3rd quarter valued at $200,000. Hedge funds and other institutional investors own 90.56% 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 the North America and internationally. Its services comprise traditional distribution, management of supplier relationships, quality assurance, kitting, just-in-time delivery, chemical management services, third-party logistics or fourth-party logistics programs, and point-of-use inventory management.
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