Shares of WESCO International, Inc. (NYSE:WCC) have received a consensus rating of “Hold” from the twenty brokerages that are presently covering the stock. One equities research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $64.33.
WCC has been the subject of several recent research reports. Zacks Investment Research upgraded shares of WESCO International from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Monday, October 3rd. Buckingham Research raised shares of WESCO International from a “neutral” rating to a “buy” rating and set a $66.00 price target for the company in a report on Tuesday, November 1st. Credit Suisse Group raised shares of WESCO International to a “buy” rating and set a $80.00 price target for the company in a report on Monday, December 19th. Barclays PLC boosted their price target on shares of WESCO International from $56.00 to $62.00 and gave the company an “equal weight” rating in a report on Wednesday, December 14th. Finally, RBC Capital Markets set a $66.00 price target on shares of WESCO International and gave the company a “hold” rating in a report on Wednesday, January 4th.
In other WESCO International news, SVP Diane Lazzaris sold 5,028 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $64.65, for a total transaction of $325,060.20. Following the sale, the senior vice president now owns 23,542 shares in the company, valued at approximately $1,521,990.30. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.00% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of WCC. Ronald Blue & Co. LLC bought a new stake in WESCO International during the third quarter valued at about $210,000. Janus Capital Management LLC bought a new stake in WESCO International during the second quarter valued at about $278,000. Neuberger Berman Group LLC bought a new stake in WESCO International during the second quarter valued at about $334,000. Nomura Holdings Inc. bought a new stake in WESCO International during the second quarter valued at about $524,000. Finally, Nordea Investment Management AB increased its stake in WESCO International by 220.2% in the second quarter. Nordea Investment Management AB now owns 10,774 shares of the company’s stock valued at $555,000 after buying an additional 7,409 shares during the last quarter.
WESCO International (NYSE:WCC) opened at 73.65 on Friday. WESCO International has a 12-month low of $37.84 and a 12-month high of $76.15. The firm’s 50-day moving average is $69.55 and its 200 day moving average is $61.97. The stock has a market capitalization of $3.62 billion, a P/E ratio of 35.07 and a beta of 1.76.
WESCO International (NYSE:WCC) last released its earnings results on Thursday, January 26th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.01. WESCO International had a net margin of 1.38% and a return on equity of 9.49%. The firm earned $1.79 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. Equities research analysts anticipate that WESCO International will post $3.85 earnings per share for the current year.
WESCO International Company Profile
WESCO International, Inc is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services.