Jefferies Gives a Sell Rating to Wesco Aircraft

By Ryan Adsit

Jefferies analyst Howard Rubel reiterated a Sell rating on Wesco Aircraft (NYSE: WAIR) yesterday and set a price target of $13. The company’s shares closed yesterday at $11.80.

According to, Rubel is a top 25 analyst with an average return of 16.9% and a 80.6% success rate. Rubel covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp, Honeywell International, and General Dynamics Corp.

Wesco Aircraft has an analyst consensus of Hold, with a price target consensus of $15.50.

Wesco Aircraft’s market cap is currently $1.16B and has a P/E ratio of 13.88. The company has a book value ratio of 1.3200.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WAIR in relation to earlier this year. Last month, Alex Murray, the EVP, Chief Operations Officer of WAIR bought 8,545 shares for a total of $99,549.

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Wesco Aircraft Holdings, Inc. distributes and provides comprehensive supply chain management services to the global aerospace industry. It offers broadest inventory of aerospace parts, comprised of different stock keeping units, including hardware, bearings, tools, electromechanical and interconnect components, fluid fitting systems, seals and machined & fabricated parts. The company also provides point-of-use inventory management, quality assurance, kitting and just-in-time supply chain management services. It operates through the following segments: North America and Rest of World. Wesco Aircraft Holdings was founded by Joshua Jack Snyder in 1953 and is headquartered in Valencia, CA.