Shares of WESCO International, Inc. (NYSE:WCC) have received a consensus rating of “Hold” from the twenty-one research firms that are currently covering the stock. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $62.69.
A number of analysts recently commented on the company. Zacks Investment Research lowered WESCO International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 3rd. Buckingham Research raised WESCO International from a “neutral” rating to a “buy” rating and set a $66.00 price objective on the stock in a research note on Tuesday, November 1st. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 21st. Credit Suisse Group raised WESCO International to a “buy” rating and set a $80.00 price objective on the stock in a research note on Monday, December 19th. Finally, Barclays PLC increased their price objective on WESCO International from $56.00 to $62.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 14th.
In related news, SVP Diane Lazzaris sold 5,028 shares of the firm’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 directly owns 23,542 shares in the company, valued at approximately $1,521,990.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.00% of the company’s stock.
Several large investors have recently made changes to their positions in WCC. Eagle Asset Management Inc. bought a new stake in shares of WESCO International during the third quarter valued at approximately $15,898,000. Neuberger Berman Group LLC bought a new stake in shares of WESCO International during the second quarter valued at approximately $334,000. UBS Asset Management Americas Inc. increased its stake in shares of WESCO International by 1.0% in the second quarter. UBS Asset Management Americas Inc. now owns 47,051 shares of the company’s stock valued at $2,423,000 after buying an additional 446 shares during the last quarter. Schroder Investment Management Group bought a new stake in shares of WESCO International during the third quarter valued at approximately $1,697,000. Finally, Teachers Advisors LLC increased its stake in shares of WESCO International by 42.9% in the third quarter. Teachers Advisors LLC now owns 126,906 shares of the company’s stock valued at $7,803,000 after buying an additional 38,080 shares during the last quarter.
Shares of WESCO International (NYSE:WCC) traded down 0.34% during mid-day trading on Friday, reaching $73.90. 214,561 shares of the company’s stock were exchanged. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 34.48 and a beta of 1.76. The stock has a 50 day moving average price of $69.50 and a 200 day moving average price of $61.83. WESCO International has a 52 week low of $37.12 and a 52 week high of $76.15.
WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, January 26th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.81 billion. WESCO International had a return on equity of 9.75% and a net margin of 1.39%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 earnings per share. Equities research analysts predict that WESCO International will post $3.79 EPS for the current year.
About WESCO International
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.