Wesco International Inc. (WCC) Sets New 12-Month High at $63.51
Shares of Wesco International Inc. (NYSE:WCC) reached a new 52-week high during trading on Monday . The company traded as high as $63.51 and last traded at $63.33, with a volume of 595,700 shares trading hands. The stock had previously closed at $62.33.
A number of analysts recently commented on WCC shares. Zacks Investment Research cut shares of Wesco International from a “buy” rating to a “hold” rating in a research report on Monday, July 4th. Royal Bank Of Canada cut Wesco International from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $53.00 to $50.00 in a report on Wednesday, June 1st. TheStreet cut Wesco International from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. Credit Suisse Group AG began coverage on Wesco International in a report on Saturday, June 18th. They set a “buy” rating for the company. Finally, Sterne Agee CRT reiterated a “neutral” rating on shares of Wesco International in a report on Monday, May 16th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $58.62.
The stock’s 50 day moving average is $57.54 and its 200 day moving average is $54.69. The stock has a market capitalization of $2.68 billion and a price-to-earnings ratio of 15.49.
Wesco International (NYSE:WCC) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.05. During the same period last year, the firm posted $1.00 earnings per share. The company earned $1.91 billion during the quarter, compared to the consensus estimate of $1.88 billion. The company’s revenue for the quarter was down .3% on a year-over-year basis. Analysts predict that Wesco International Inc. will post $3.97 earnings per share for the current fiscal 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.