Cowen & Co. Maintains Their Hold Rating on Wesco Aircraft

Cowen & Co. analyst Gautam Khanna maintained a Hold rating on Wesco Aircraft (NYSE: WAIR) today and set a price target of $8. The company’s shares closed yesterday at $10.10.

According to TipRanks.com, Khanna is a 5-star analyst with an average return of 13.8% and a 69.2% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.

Wesco Aircraft has an analyst consensus of Hold, with a price target consensus of $8.

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The company has a one-year high of $11.30 and a one-year low of $6.05. Currently, Wesco Aircraft has an average volume of 658.5K.

Based on the recent corporate insider activity of 29 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. Most recently, in March 2018, Paul Fulchino, a Director at WAIR bought 6,525 shares for a total of $33,669.

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Wesco Aircraft Holdings, Inc. engages in the distribution and provision of supply chain management services to the global aerospace industry. It operates through the following segments: The Americas; Europe, Middle East and Africa, and Asia Pacific. The company was founded by Joshua Jack Snyder in 1953 and is headquartered in Valencia, CA.