Jefferies Maintains Wesco Aircraft Holdings Inc to Underperform with Price Target $11.00

Brokerage firm Jefferies Maintains its rating on Wesco Aircraft Holdings Inc(NYSE:WAIR). In a research note issued to the investors, the brokerage major Lowers the price-target to $11.00 per share. The shares have been rated Underperform. The rating by Jefferies was issued on Aug 5, 2016.

In a different note, On Jul 18, 2016, Jefferies said it Downgrades its rating on Wesco Aircraft Holdings Inc. In the research note, the firm Lowers the price-target to $14.00 per share. The shares have been rated ‘Underperform’ by the firm.

Wesco Aircraft Holdings Inc (WAIR) made into the market gainers list on Wednesdays trading session with the shares advancing 1.61% or 0.22 points. Due to strong positive momentum, the stock ended at $13.86, which is also near the day’s high of $13.86. The stock began the session at $13.68 and the volume stood at 2,90,481 shares. The 52-week high of the shares is $15.0749 and the 52 week low is $9.91. The company has a current market capitalization of $1,367 M and it has 9,86,06,850 shares in outstanding.

Wesco Aircraft Holdings Inc(WAIR) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $375.19M. Analysts had an estimated revenue of $381.12M. Earnings per share were $0.29. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, David J. Castagnola (CEO) purchased 1,078 shares at $13.88 per share price.Also, On May 12, 2016, Thomas Bancroft (director) purchased 6,358 shares at $14.32 per share price.On Feb 26, 2015, Robert D Paulson (director) purchased 5,000 shares at $15.09 per share price, according to the Form-4 filing with the securities and exchange commission.

Wesco Aircraft Holdings Inc. formerly Wesco Holdings Inc. is a distributor and provider of supply chain management solutions to the global aerospace industry. The Company’s services range from traditional distribution to the management of supplier relationships quality assurance kitting just-in-time (JIT) delivery and point-of-use inventory management. The Company operates business through two segments which include North America and Rest of World. The Company supplies 575000 active stock-keeping units (SKUs) including hardware chemicals electronic components bearings tools and machined parts. The Company serves 8300 customers which includes commercial military and general aviation sectors including the original equipment manufacturers (OEMs) and their subcontractors. The Company also services industrial customers which include customers in the automotive energy pharmaceutical and electronics sectors.

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