Analysts Set WESCO International, Inc. (NYSE:WCC) PT at $67.92
WESCO International, Inc. (NYSE:WCC) has received an average recommendation of “Buy” from the twenty-one ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $67.92.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised WESCO International from a “sell” rating to a “hold” rating in a research report on Friday. Standpoint Research raised WESCO International from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Thursday, August 3rd. UBS AG reissued a “neutral” rating and set a $55.00 target price (down from $67.00) on shares of WESCO International in a research report on Monday, July 31st. BidaskClub downgraded WESCO International from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Northcoast Research assumed coverage on WESCO International in a research report on Tuesday, July 25th. They set a “buy” rating and a $70.00 target price on the stock.
Shares of WESCO International (NYSE:WCC) traded down 0.19% on Friday, reaching $52.15. The company had a trading volume of 410,929 shares. The firm has a market capitalization of $2.54 billion, a PE ratio of 24.72 and a beta of 1.77. The company has a 50-day moving average price of $56.30 and a 200-day moving average price of $64.37. WESCO International has a 52-week low of $49.05 and a 52-week high of $76.15.
WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.91 billion. WESCO International had a return on equity of 9.19% and a net margin of 1.41%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $1.02 earnings per share. Equities research analysts forecast that WESCO International will post $3.75 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in WESCO International during the first quarter worth about $146,000. Janney Capital Management LLC purchased a new position in WESCO International during the second quarter worth about $202,000. Comerica Bank purchased a new position in WESCO International during the fourth quarter worth about $210,000. Trust Co. of Vermont purchased a new position in WESCO International during the second quarter worth about $229,000. Finally, OppenheimerFunds Inc. boosted its position in WESCO International by 14.3% in the first quarter. OppenheimerFunds Inc. now owns 5,009 shares of the technology company’s stock worth $348,000 after buying an additional 626 shares during the period. Institutional investors own 95.53% of the company’s stock.
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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.
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