Analysts Set WESCO International, Inc. (NYSE:WCC) Target Price at $218.88

WESCO International, Inc. (NYSE:WCC) has been assigned a consensus recommendation of “Buy” from the nine ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $218.88.

WCC has been the topic of several recent research reports. StockNews.com downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Stephens upped their target price on WESCO International from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Royal Bank of Canada raised their price target on WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 12th. KeyCorp upped their price objective on WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Jefferies Financial Group lifted their price objective on WESCO International from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, December 6th.

Hedge Funds Weigh In On WESCO International

Large investors have recently bought and sold shares of the stock. Thompson Siegel & Walmsley LLC lifted its position in WESCO International by 341.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock valued at $43,420,000 after buying an additional 199,975 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new stake in shares of WESCO International in the fourth quarter worth $390,000. Geode Capital Management LLC raised its stake in shares of WESCO International by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock valued at $128,143,000 after acquiring an additional 22,080 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of WESCO International by 167.3% during the 4th quarter. Handelsbanken Fonder AB now owns 192,182 shares of the technology company’s stock valued at $34,777,000 after acquiring an additional 120,289 shares in the last quarter. Finally, Integrated Investment Consultants LLC acquired a new stake in WESCO International in the 4th quarter valued at $278,000. Hedge funds and other institutional investors own 93.76% of the company’s stock.

WESCO International Stock Performance

Shares of WCC stock opened at $156.72 on Thursday. The stock has a fifty day moving average price of $184.57 and a 200 day moving average price of $182.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 2.20. The stock has a market cap of $7.65 billion, a PE ratio of 11.99, a P/E/G ratio of 1.45 and a beta of 2.00. WESCO International has a 1 year low of $143.06 and a 1 year high of $216.17.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.07). WESCO International had a return on equity of 13.63% and a net margin of 3.29%. Sell-side analysts forecast that WESCO International will post 13.3 earnings per share for the current fiscal year.

WESCO International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.4538 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 1.16%. This is an increase from WESCO International’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, March 14th. WESCO International’s payout ratio is presently 13.85%.

WESCO International Company Profile

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).