WESCO International (NYSE:WCC) Price Target Raised to $421.00 at Royal Bank Of Canada

WESCO International (NYSE:WCC) had its price target boosted by analysts at Royal Bank Of Canada from $411.00 to $421.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 26.31% from the stock’s previous close.

WCC has been the subject of several other reports. Stephens upgraded shares of WESCO International from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $350.00 to $400.00 in a research note on Tuesday. Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday. Barclays raised their price objective on WESCO International from $313.00 to $375.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. KeyCorp lifted their target price on WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, DA Davidson assumed coverage on WESCO International in a report on Tuesday, June 16th. They set a “buy” rating and a $440.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $341.22.

WESCO International Stock Down 1.0%

Shares of NYSE WCC traded down $3.41 during mid-day trading on Thursday, hitting $333.29. The company had a trading volume of 108,382 shares, compared to its average volume of 604,901. The company has a current ratio of 2.12, a quick ratio of 1.22 and a debt-to-equity ratio of 1.13. The firm has a 50-day simple moving average of $349.28 and a two-hundred day simple moving average of $308.84. The company has a market capitalization of $16.23 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 2.13 and a beta of 1.54. WESCO International has a one year low of $197.96 and a one year high of $377.90.

WESCO International (NYSE:WCC) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $3.37 EPS for the quarter, beating the consensus estimate of $2.88 by $0.49. The firm had revenue of $6.08 billion during the quarter, compared to analysts’ expectations of $5.86 billion. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.21 earnings per share. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. On average, equities analysts expect that WESCO International will post 15.94 EPS for the current year.

Insider Activity

In other news, EVP Hemant Porwal sold 4,445 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $363.21, for a total transaction of $1,614,468.45. Following the sale, the executive vice president directly owned 16,618 shares of the company’s stock, valued at approximately $6,035,823.78. This represents a 21.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Diane Lazzaris sold 9,910 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $359.48, for a total value of $3,562,446.80. Following the completion of the transaction, the executive vice president directly owned 19,611 shares of the company’s stock, valued at approximately $7,049,762.28. This trade represents a 33.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 144,486 shares of company stock worth $51,846,641. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On WESCO International

Institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its stake in WESCO International by 10.3% during the first quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock worth $248,303,000 after acquiring an additional 84,905 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of WESCO International by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock valued at $211,473,000 after purchasing an additional 14,739 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in WESCO International by 8.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company’s stock worth $110,742,000 after purchasing an additional 31,210 shares in the last quarter. Davis Selected Advisers increased its position in WESCO International by 24.6% during the 4th quarter. Davis Selected Advisers now owns 364,502 shares of the technology company’s stock worth $89,172,000 after purchasing an additional 71,932 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in WESCO International by 6.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 324,068 shares of the technology company’s stock valued at $68,541,000 after purchasing an additional 19,056 shares during the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

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.