WESCO International (NYSE:WCC) Stock Price Expected to Rise, Barclays Analyst Says

WESCO International (NYSE:WCC) had its target price lifted by stock analysts at Barclays from $302.00 to $313.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Barclays‘s price target indicates a potential downside of 1.49% from the company’s previous close.

WCC has been the topic of several other reports. JPMorgan Chase & Co. boosted their target price on WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Royal Bank Of Canada raised their price target on shares of WESCO International from $316.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday. Wall Street Zen downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. KeyCorp set a $340.00 price target on shares of WESCO International in a research report on Wednesday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of WESCO International in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $276.00.

WESCO International Stock Up 4.9%

WCC stock traded up $14.81 during midday trading on Thursday, reaching $317.75. 182,798 shares of the company’s stock traded hands, compared to its average volume of 576,470. The company has a quick ratio of 1.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.15. The firm’s fifty day moving average price is $273.56 and its 200-day moving average price is $243.13. WESCO International has a 52 week low of $125.21 and a 52 week high of $319.67. The company has a market cap of $15.46 billion, a price-to-earnings ratio of 24.34, a P/E/G ratio of 1.82 and a beta of 1.45.

WESCO International (NYSE:WCC) last issued its quarterly earnings data on Tuesday, February 10th. The technology company reported $3.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.82 by ($0.42). WESCO International had a net margin of 2.72% and a return on equity of 13.00%. The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $6.03 billion. During the same quarter in the prior year, the business earned $3.16 earnings per share. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. As a group, sell-side analysts forecast that WESCO International will post 13.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. BLI Banque de Luxembourg Investments acquired a new position in WESCO International during the fourth quarter worth $3,247,000. Hilton Head Capital Partners LLC purchased a new stake in WESCO International during the 4th quarter worth approximately $39,000. Los Angeles Capital Management LLC purchased a new position in WESCO International in the 4th quarter valued at approximately $56,000. Pinebridge Investments LLC acquired a new position in shares of WESCO International in the fourth quarter worth $3,964,000. Finally, Parallel Advisors LLC increased its position in shares of WESCO International by 11.5% during the fourth quarter. Parallel Advisors LLC now owns 581 shares of the technology company’s stock worth $142,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 93.75% of the company’s stock.

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.