Barclays Issues Positive Forecast for WESCO International (NYSE:WCC) Stock Price

WESCO International (NYSE:WCC) had its price objective lifted by stock analysts at Barclays from $274.00 to $302.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Barclays‘s price objective points to a potential upside of 10.37% from the stock’s previous close.

A number of other research firms also recently weighed in on WCC. JPMorgan Chase & Co. lifted their price target on shares of WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of WESCO International in a report on Wednesday, October 8th. Wall Street Zen raised shares of WESCO International from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Royal Bank Of Canada raised shares of WESCO International from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $262.00 to $302.00 in a research report on Wednesday, November 19th. Finally, KeyCorp lifted their price objective on WESCO International from $258.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $259.88.

WESCO International Stock Performance

Shares of NYSE WCC traded up $4.32 during mid-day trading on Monday, hitting $273.62. The company had a trading volume of 400,326 shares, compared to its average volume of 476,125. WESCO International has a 12 month low of $125.21 and a 12 month high of $279.04. The firm has a market cap of $13.31 billion, a P/E ratio of 21.46, a PEG ratio of 1.72 and a beta of 1.45. The business’s 50-day simple moving average is $259.12 and its 200-day simple moving average is $228.68. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.09 and a quick ratio of 1.20.

WESCO International (NYSE:WCC) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.17. WESCO International had a return on equity of 13.12% and a net margin of 2.81%.The firm had revenue of $6.20 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same period in the previous year, the company posted $3.58 earnings per share. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. As a group, analysts predict that WESCO International will post 13.3 earnings per share for the current fiscal year.

Insider Activity

In other WESCO International news, CAO Matthew S. Kulasa sold 790 shares of WESCO International stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $253.18, for a total value of $200,012.20. Following the completion of the transaction, the chief accounting officer owned 3,320 shares in the company, valued at approximately $840,557.60. The trade was a 19.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Diane Lazzaris sold 7,522 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $256.00, for a total value of $1,925,632.00. Following the completion of the transaction, the executive vice president directly owned 45,401 shares in the company, valued at approximately $11,622,656. This represents a 14.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 17,036 shares of company stock worth $4,385,254. Insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On WESCO International

Several hedge funds and other institutional investors have recently made changes to their positions in WCC. Brown Brothers Harriman & Co. lifted its stake in shares of WESCO International by 166.0% during the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after acquiring an additional 83 shares during the period. Rothschild Investment LLC raised its holdings in WESCO International by 788.2% during the 3rd quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock worth $32,000 after purchasing an additional 134 shares during the last quarter. Root Financial Partners LLC bought a new stake in WESCO International during the 3rd quarter worth about $37,000. First Horizon Advisors Inc. lifted its position in WESCO International by 129.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock valued at $43,000 after purchasing an additional 131 shares during the period. Finally, Rossby Financial LCC boosted its stake in shares of WESCO International by 117.4% in the 3rd quarter. Rossby Financial LCC now owns 200 shares of the technology company’s stock valued at $43,000 after purchasing an additional 108 shares during the last quarter. 93.75% of the stock is owned by institutional investors and hedge funds.

About WESCO International

WESCO International, Inc is a leading global distributor of electrical, industrial, communications and utility products, serving a diverse customer base across maintenance, repair and operations (MRO), original equipment manufacturing (OEM) and construction markets. The company offers a comprehensive portfolio of products ranging from power distribution and automation solutions to data communications, security systems and lighting controls. Through an extensive branch network, WESCO provides critical components and value‐added services that help organizations streamline operations and improve reliability in their facilities and infrastructure.

In addition to its broad product offering, WESCO delivers advanced supply chain management and logistics solutions designed to optimize inventory levels, reduce downtime and lower overall procurement costs.