WESCO International (NYSE:WCC) Given New $437.00 Price Target at Barclays

WESCO International (NYSE:WCC) had its target price raised by investment analysts at Barclays from $390.00 to $437.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Barclays‘s target price would indicate a potential upside of 21.04% from the company’s previous close.

Several other brokerages also recently issued reports on WCC. Zacks Research raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. DA Davidson began coverage on shares of WESCO International in a research report on Tuesday, June 16th. They set a “buy” rating and a $440.00 target price on the stock. Royal Bank Of Canada lifted their target price on shares of WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $350.00 to $400.00 in a research note on Tuesday, July 14th. Finally, Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $402.00.

WESCO International Trading Down 1.3%

NYSE:WCC traded down $4.66 on Monday, reaching $361.03. The stock had a trading volume of 273,342 shares, compared to its average volume of 595,088. WESCO International has a 12-month low of $207.39 and a 12-month high of $388.64. The company has a market cap of $17.59 billion, a price-to-earnings ratio of 24.96, a P/E/G ratio of 2.18 and a beta of 1.54. The firm’s fifty day moving average is $355.65 and its two-hundred day moving average is $339.75. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $0.59. The company had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the company earned $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Equities analysts expect that WESCO International will post 16.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Laura K. Thompson sold 270 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total transaction of $99,481.50. Following the completion of the transaction, the director owned 10,720 shares of the company’s stock, valued at $3,949,784. This represents a 2.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel J. Castillo acquired 960 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were bought at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the completion of the acquisition, the executive vice president owned 16,305 shares in the company, valued at approximately $5,965,836.45. This trade represents a 6.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WESCO International

Hedge funds have recently modified their holdings of the stock. Bell Investment Advisors Inc purchased a new stake in WESCO International in the second quarter valued at approximately $26,000. Transamerica Financial Advisors LLC purchased a new position in WESCO International during the second quarter worth approximately $27,000. Burkett Financial Services LLC purchased a new position in WESCO International during the third quarter worth approximately $32,000. Jones Financial Companies Lllp purchased a new position in WESCO International during the second quarter worth approximately $36,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of WESCO International in the 2nd quarter valued at $38,000. 93.75% of the stock is owned by institutional investors and hedge funds.

WESCO International Company Profile

WESCO International, Inc is a global provider of electrical, communications, utility and supply chain solutions. Through its distribution and service operations, the company supplies products used in commercial, industrial, institutional, utility, data center, broadband and residential markets.

Its product offerings include electrical and electronic components, wire and cable, lighting and controls, network infrastructure, security and safety products, automation equipment, and general industrial supplies.