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.

Analyst Recommendations for WESCO International (NYSE:WCC)

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