WESCO International, Inc. (WCC) Receives $68.86 Consensus Target Price from Brokerages
Shares of WESCO International, Inc. (NYSE:WCC) have been assigned an average recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $68.86.
WCC has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of WESCO International from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a report on Saturday, June 30th. KeyCorp reiterated an “equal weight” rating on shares of WESCO International in a report on Friday, June 29th. Royal Bank of Canada reiterated a “hold” rating and issued a $66.00 price target on shares of WESCO International in a report on Friday, August 3rd. ValuEngine upgraded shares of WESCO International from a “sell” rating to a “hold” rating in a report on Monday, July 30th. Finally, Wolfe Research initiated coverage on shares of WESCO International in a report on Wednesday, June 27th. They issued a “market perform” rating on the stock.
In other WESCO International news, SVP Christine Ann Wolf bought 1,690 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were purchased at an average price of $59.20 per share, for a total transaction of $100,048.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.90% of the company’s stock.
Shares of NYSE WCC traded down $0.35 during mid-day trading on Friday, hitting $60.55. The stock had a trading volume of 391,100 shares, compared to its average volume of 430,700. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 1.26 and a beta of 1.82. WESCO International has a 1 year low of $53.70 and a 1 year high of $69.35. The company has a quick ratio of 1.47, a current ratio of 2.39 and a debt-to-equity ratio of 0.58.
WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, August 2nd. The technology company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.01). The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.10 billion. WESCO International had a net margin of 2.21% and a return on equity of 9.62%. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.02 EPS. equities research analysts anticipate that WESCO International will post 4.77 earnings per share for the current year.
WESCO International Company Profile
WESCO International, Inc distributes electrical, industrial, and communications maintenance, repair and operating (MRO) and original equipment manufacturers products and construction materials in North America and internationally. The company sells general supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, wraps, splicing and marking equipment, tools and testers, safety, personal protection, sealants, cutting tools, adhesives, consumables, fasteners, janitorial, and other MRO supplies.
Featured Article: Investing in Dividend Stocks
Receive News & Ratings for WESCO International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WESCO International and related companies with MarketBeat.com's FREE daily email newsletter.