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

WESCO International (NYSE:WCC) had its price objective increased by Stephens from $205.00 to $215.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other research analysts have also recently weighed in on the stock. Royal Bank of Canada lifted their price target on shares of WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 12th. Robert W. Baird lifted their target price on WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. KeyCorp upped their price target on WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Oppenheimer raised their price objective on WESCO International from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group boosted their price objective on WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $218.88.

WESCO International Stock Performance

WCC stock opened at $192.64 on Tuesday. The company has a market cap of $9.44 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 1.50 and a beta of 2.01. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.20 and a quick ratio of 1.27. WESCO International has a 1 year low of $141.02 and a 1 year high of $216.17. The stock’s fifty day moving average price is $186.59 and its 200-day moving average price is $180.81.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.07). WESCO International had a net margin of 3.29% and a return on equity of 13.63%. On average, equities analysts forecast that WESCO International will post 13.3 earnings per share for the current year.

WESCO International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Friday, December 13th. WESCO International’s dividend payout ratio (DPR) is presently 12.62%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of WESCO International in the third quarter worth about $28,000. Whittier Trust Co. of Nevada Inc. increased its stake in WESCO International by 43.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company’s stock worth $48,000 after acquiring an additional 81 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of WESCO International by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock worth $68,000 after acquiring an additional 75 shares in the last quarter. Millstone Evans Group LLC bought a new position in shares of WESCO International during the 4th quarter valued at approximately $122,000. Finally, Raiffeisen Bank International AG purchased a new position in shares of WESCO International in the fourth quarter valued at $180,000. Hedge funds and other 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).