Wesco International Inc. (WCC) Sets New 1-Year High at $62.78
Wesco International Inc. (NYSE:WCC)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $62.78 and last traded at $62.67, with a volume of 788,525 shares. The stock had previously closed at $62.41.
A number of research firms have issued reports on WCC. Credit Suisse Group AG began coverage on shares of Wesco International in a report on Saturday, June 18th. They set a “buy” rating on the stock. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Wesco International in a research note on Monday, May 16th. Sterne Agee CRT reiterated a “neutral” rating on shares of Wesco International in a research note on Monday, May 16th. Macquarie began coverage on Wesco International in a research note on Thursday, August 25th. They set a “neutral” rating and a $64.00 target price on the stock. Finally, TheStreet cut Wesco International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Wesco International presently has an average rating of “Hold” and an average price target of $58.62.
The company has a market cap of $2.65 billion and a PE ratio of 15.33. The firm’s 50 day moving average is $56.58 and its 200 day moving average is $54.36.
Wesco International (NYSE:WCC) last released its earnings results on Thursday, July 28th. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. The company earned $1.91 billion during the quarter, compared to analysts’ expectations of $1.88 billion. The company’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 earnings per share. On average, equities analysts predict that Wesco International Inc. will post $3.97 EPS for the current year.
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.
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