WESCO International, Inc. (NYSE:WCC) Receives $60.55 Average Price Target from Analysts


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Shares of WESCO International, Inc. (NYSE:WCC) have been given a consensus rating of “Buy” by the fourteen research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $62.36.

Several equities research analysts have recently weighed in on the stock. Wolfe Research raised shares of WESCO International from a “peer perform” rating to an “outperform” rating and increased their target price for the company from $71.00 to $92.00 in a research note on Tuesday, December 8th. ValuEngine raised shares of WESCO International from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 25th. Oppenheimer upped their price target on shares of WESCO International from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, November 6th. Raymond James upped their price target on shares of WESCO International from $80.00 to $100.00 and gave the stock a “strong-buy” rating in a report on Wednesday. Finally, Stephens initiated coverage on shares of WESCO International in a report on Thursday, October 15th. They issued an “overweight” rating on the stock.

WESCO International stock traded down $1.35 during mid-day trading on Wednesday, reaching $84.32. 430,589 shares of the company’s stock traded hands, compared to its average volume of 372,245. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 0.93 and a beta of 2.09. The stock has a 50 day moving average of $75.22 and a two-hundred day moving average of $52.55. The company has a quick ratio of 1.33, a current ratio of 2.36 and a debt-to-equity ratio of 1.63. WESCO International has a 12-month low of $13.52 and a 12-month high of $87.63.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, November 5th. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.29. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.05 billion. WESCO International had a net margin of 1.42% and a return on equity of 8.34%. WESCO International’s revenue was up 92.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.52 earnings per share. As a group, sell-side analysts forecast that WESCO International will post 4.85 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. grew its stake in shares of WESCO International by 8.6% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 530,529 shares of the technology company’s stock worth $23,354,000 after purchasing an additional 41,986 shares during the period. Victory Capital Management Inc. grew its stake in shares of WESCO International by 53.1% during the 3rd quarter. Victory Capital Management Inc. now owns 476,675 shares of the technology company’s stock worth $20,983,000 after purchasing an additional 165,309 shares during the period. Bank of New York Mellon Corp grew its stake in shares of WESCO International by 26.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 337,365 shares of the technology company’s stock worth $11,845,000 after purchasing an additional 70,928 shares during the period. Peregrine Capital Management LLC grew its stake in shares of WESCO International by 17.6% during the 3rd quarter. Peregrine Capital Management LLC now owns 213,102 shares of the technology company’s stock worth $9,381,000 after purchasing an additional 31,897 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of WESCO International by 7.2% during the 3rd quarter. California Public Employees Retirement System now owns 118,848 shares of the technology company’s stock worth $5,232,000 after purchasing an additional 7,968 shares during the period.

WESCO International Company Profile

WESCO International, Inc distributes electrical, industrial, and communications maintenance, repair, and operating (MRO) and original equipment manufacturers products and construction materials in North America and internationally. The company sells general supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, wraps, splicing and marking equipment, tools and testers, safety, personal protection, sealants, cutting tools, adhesives, consumables, fasteners, janitorial, and other MRO supplies; communication and metering devices, and racking systems; and solar modules, connectors, and storage batteries.

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Analyst Recommendations for WESCO International (NYSE:WCC)

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