WESCO International (NYSE:WCC) Price Target Raised to $304.00 at KeyCorp

WESCO International (NYSE:WCC) had its target price increased by analysts at KeyCorp from $300.00 to $304.00 in a report released on Monday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. KeyCorp’s price objective indicates a potential upside of 6.12% from the company’s previous close.

A number of other analysts have also weighed in on WCC. Royal Bank Of Canada upgraded shares of WESCO International from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $262.00 to $302.00 in a research report on Wednesday, November 19th. Barclays upped their target price on WESCO International from $274.00 to $302.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. JPMorgan Chase & Co. lifted their target price on shares of WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of WESCO International in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, WESCO International has an average rating of “Moderate Buy” and an average price target of $266.00.

WESCO International Stock Performance

NYSE WCC opened at $286.46 on Monday. The stock has a market cap of $13.94 billion, a PE ratio of 22.47, a P/E/G ratio of 1.82 and a beta of 1.45. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.20 and a current ratio of 2.09. The firm has a 50-day moving average of $263.69 and a 200-day moving average of $235.01. WESCO International has a 52-week low of $125.21 and a 52-week high of $291.01.

WESCO International (NYSE:WCC) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.17. WESCO International had a net margin of 2.81% and a return on equity of 13.12%. The firm had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period last year, the business posted $3.58 earnings per share. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. On average, sell-side analysts anticipate that WESCO International will post 13.3 EPS for the current year.

Insider Buying and Selling at WESCO International

In other news, EVP Christine Ann Wolf sold 4,685 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $259.52, for a total value of $1,215,851.20. Following the completion of the sale, the executive vice president directly owned 30,195 shares of the company’s stock, valued at $7,836,206.40. This trade represents a 13.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Diane Lazzaris sold 7,522 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $256.00, for a total value of $1,925,632.00. Following the sale, the executive vice president owned 45,401 shares in the company, valued at $11,622,656. The trade was a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 17,036 shares of company stock worth $4,385,254 over the last 90 days. 3.10% of the stock is owned by insiders.

Hedge Funds Weigh In On WESCO International

A number of large investors have recently bought and sold shares of WCC. SG Americas Securities LLC lifted its position in shares of WESCO International by 172.5% during the third quarter. SG Americas Securities LLC now owns 10,742 shares of the technology company’s stock valued at $2,272,000 after buying an additional 6,800 shares during the last quarter. Regency Capital Management Inc. DE purchased a new stake in WESCO International during the third quarter valued at approximately $3,215,000. Norman Fields Gottscho Capital Management LLC boosted its stake in WESCO International by 112.7% in the third quarter. Norman Fields Gottscho Capital Management LLC now owns 13,785 shares of the technology company’s stock valued at $2,916,000 after acquiring an additional 7,303 shares in the last quarter. Third Avenue Management LLC grew its holdings in WESCO International by 35.6% in the second quarter. Third Avenue Management LLC now owns 20,093 shares of the technology company’s stock worth $3,721,000 after purchasing an additional 5,271 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new position in shares of WESCO International during the third quarter worth $1,923,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

About WESCO International

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.