WESCO International, Inc. (NYSE:WCC) Receives $184.71 Average Price Target from Analysts

Shares of WESCO International, Inc. (NYSE:WCC) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $184.71.

WCC has been the subject of several research analyst reports. Oppenheimer lifted their price objective on WESCO International from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Stephens restated an “overweight” rating and set a $190.00 price objective on shares of WESCO International in a research report on Monday, August 5th. Royal Bank of Canada dropped their target price on shares of WESCO International from $175.00 to $171.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. StockNews.com cut WESCO International from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Finally, Robert W. Baird dropped their price target on WESCO International from $195.00 to $172.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd.

WESCO International Stock Down 0.8 %

Shares of WESCO International stock opened at $160.22 on Friday. The company has a 50-day simple moving average of $162.55 and a two-hundred day simple moving average of $165.51. The stock has a market capitalization of $8.14 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.30 and a beta of 2.06. WESCO International has a 52-week low of $122.30 and a 52-week high of $195.43. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.34 and a current ratio of 2.28.

WESCO International (NYSE:WCC) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $3.21 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.27). The firm had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.55 billion. WESCO International had a return on equity of 14.44% and a net margin of 3.30%. WESCO International’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.71 earnings per share. On average, analysts anticipate that WESCO International will post 12.1 EPS for the current fiscal year.

WESCO International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.4125 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.65 dividend on an annualized basis and a yield of 1.03%. WESCO International’s dividend payout ratio is currently 13.74%.

Institutional Trading of WESCO International

Several hedge funds have recently bought and sold shares of the stock. Rise Advisors LLC purchased a new position in shares of WESCO International during the 1st quarter valued at about $26,000. Whittier Trust Co. of Nevada Inc. raised its stake in WESCO International by 71.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the technology company’s stock worth $26,000 after acquiring an additional 69 shares during the period. GAMMA Investing LLC lifted its holdings in WESCO International by 65.4% during the second quarter. GAMMA Investing LLC now owns 253 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares in the last quarter. Innealta Capital LLC bought a new position in shares of WESCO International in the second quarter worth approximately $152,000. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of WESCO International in the first quarter worth $463,000. Institutional investors own 93.76% of the company’s stock.

WESCO International Company Profile

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).