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

WESCO International (NYSE:WCC) had its price objective increased by equities research analysts at Barclays from $313.00 to $375.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Barclays‘s price objective points to a potential upside of 9.26% from the company’s previous close.

A number of other equities analysts have also issued reports on WCC. JPMorgan Chase & Co. upped their target price on WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Stephens upped their target price on WESCO International from $275.00 to $350.00 and gave the company an “equal weight” rating in a research report on Monday. Royal Bank Of Canada upped their target price on WESCO International from $352.00 to $411.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Weiss Ratings lowered WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, WESCO International currently has a consensus rating of “Moderate Buy” and an average price target of $321.38.

WESCO International Stock Down 3.2%

NYSE WCC traded down $11.36 on Monday, reaching $343.23. The company had a trading volume of 129,389 shares, compared to its average volume of 591,949. The firm has a 50-day moving average of $287.21 and a 200-day moving average of $272.78. WESCO International has a 1 year low of $156.35 and a 1 year high of $355.56. The firm has a market capitalization of $16.70 billion, a PE ratio of 24.40, a P/E/G ratio of 2.28 and a beta of 1.54. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.12 and a quick ratio of 1.22.

WESCO International (NYSE:WCC) last announced its earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.49. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The company had revenue of $6.08 billion for the quarter, compared to analyst estimates of $5.86 billion. During the same period in the prior year, the company posted $2.21 EPS. WESCO International’s quarterly revenue was up 13.8% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. On average, equities research analysts anticipate that WESCO International will post 15.56 EPS for the current fiscal year.

Insider Activity at WESCO International

In other news, EVP Daniel J. Castillo purchased 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were acquired at an average cost of $266.06 per share, with a total value of $372,484.00. Following the transaction, the executive vice president owned 15,300 shares in the company, valued at approximately $4,070,718. The trade was a 10.07% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Diane Lazzaris sold 2,747 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $302.61, for a total value of $831,269.67. Following the sale, the executive vice president directly owned 28,865 shares in the company, valued at approximately $8,734,837.65. This represents a 8.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 20,114 shares of company stock worth $6,128,353. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On WESCO International

Institutional investors and hedge funds have recently made changes to their positions in the company. Cornerstone Planning Group LLC raised its position in shares of WESCO International by 92.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock valued at $26,000 after acquiring an additional 51 shares in the last quarter. Torren Management LLC acquired a new stake in shares of WESCO International during the 4th quarter valued at approximately $32,000. Brown Brothers Harriman & Co. raised its position in shares of WESCO International by 166.0% during the 3rd 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 in the last quarter. Rothschild Investment LLC increased its position in WESCO International by 788.2% in the third quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock worth $32,000 after buying an additional 134 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new stake in WESCO International in the fourth quarter worth $39,000. 93.75% of the stock is owned by institutional investors and hedge funds.

WESCO International Company Profile

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.