WESCO International (NYSE:WCC) PT Raised to $200.00

WESCO International (NYSE:WCC) had its target price increased by equities researchers at Loop Capital from $190.00 to $200.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Loop Capital’s target price suggests a potential upside of 10.84% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. Robert W. Baird decreased their price objective on shares of WESCO International from $203.00 to $170.00 and set an “outperform” rating on the stock in a report on Wednesday, February 14th. Royal Bank of Canada lowered their price target on shares of WESCO International from $176.00 to $172.00 and set a “sector perform” rating on the stock in a report on Friday, May 3rd. Oppenheimer boosted their price objective on WESCO International from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. KeyCorp increased their target price on WESCO International from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Finally, StockNews.com upgraded WESCO International from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $187.00.

WESCO International Stock Up 4.4 %

Shares of WCC stock opened at $180.44 on Monday. WESCO International has a 52-week low of $122.30 and a 52-week high of $195.43. The stock has a market cap of $9.19 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 1.19 and a beta of 2.07. The firm’s 50-day moving average is $162.56 and its 200-day moving average is $160.78. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.33 and a current ratio of 2.21.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $2.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.13). WESCO International had a net margin of 3.08% and a return on equity of 15.10%. The business had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter in the prior year, the company earned $3.75 EPS. WESCO International’s quarterly revenue was down 3.1% on a year-over-year basis. Sell-side analysts predict that WESCO International will post 14.12 EPS for the current year.

Insiders Place Their Bets

In related news, EVP James Cameron sold 5,352 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $156.39, for a total transaction of $836,999.28. Following the completion of the sale, the executive vice president now owns 33,595 shares of the company’s stock, valued at $5,253,922.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Nelson John Squires III sold 3,490 shares of WESCO International stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $190.00, for a total value of $663,100.00. Following the transaction, the executive vice president now owns 54,385 shares in the company, valued at approximately $10,333,150. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James Cameron sold 5,352 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $156.39, for a total value of $836,999.28. Following the sale, the executive vice president now owns 33,595 shares of the company’s stock, valued at $5,253,922.05. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WCC. Bank of New York Mellon Corp grew its holdings in shares of WESCO International by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 417,250 shares of the technology company’s stock valued at $60,009,000 after purchasing an additional 4,187 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of WESCO International by 50.5% during the third quarter. New York State Teachers Retirement System now owns 20,108 shares of the technology company’s stock worth $2,892,000 after buying an additional 6,747 shares during the last quarter. FDx Advisors Inc. increased its holdings in shares of WESCO International by 7.3% during the third quarter. FDx Advisors Inc. now owns 1,555 shares of the technology company’s stock worth $224,000 after buying an additional 106 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of WESCO International by 8.2% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 19,580 shares of the technology company’s stock valued at $2,816,000 after acquiring an additional 1,480 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of WESCO International during the 3rd quarter valued at $250,000. Institutional investors and hedge funds own 93.76% of the company’s stock.

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).