WESCO International, Inc. (NYSE:WCC) Receives Average Recommendation of “Moderate Buy” from Analysts

WESCO International, Inc. (NYSE:WCC) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $184.71.

Several brokerages have weighed in on WCC. Stephens reissued an “overweight” rating and set a $190.00 price objective on shares of WESCO International in a report on Monday, August 5th. KeyCorp lowered their price objective on WESCO International from $205.00 to $195.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Royal Bank of Canada reduced their target price on WESCO International from $175.00 to $171.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. Oppenheimer lifted their target price on WESCO International from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, Loop Capital decreased their price objective on shares of WESCO International from $200.00 to $190.00 and set a “buy” rating for the company in a report on Tuesday, August 6th.

WESCO International Stock Up 3.1 %

Shares of NYSE WCC opened at $165.09 on Friday. 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 has a 1 year low of $122.30 and a 1 year high of $195.43. The stock’s 50-day simple moving average is $162.23 and its 200-day simple moving average is $165.36. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 1.33 and a beta of 2.06.

WESCO International (NYSE:WCC) last announced its earnings results on Thursday, August 1st. The technology company reported $3.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.27). WESCO International had a net margin of 3.30% and a return on equity of 14.44%. The business had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.55 billion. During the same period in the previous year, the company earned $3.71 earnings per share. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. As a group, equities analysts anticipate that WESCO International will post 12.07 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, June 14th. WESCO International’s dividend payout ratio (DPR) is 13.74%.

Institutional Trading of WESCO International

Several hedge funds have recently bought and sold shares of the company. Rise Advisors LLC bought a new position in WESCO International in the 1st quarter worth about $26,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of WESCO International by 71.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the technology company’s stock worth $26,000 after purchasing an additional 69 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 during the period. Innealta Capital LLC bought a new stake in shares of WESCO International during the second quarter valued at about $152,000. Finally, TimesSquare Capital Management LLC bought a new position in WESCO International in the 1st quarter valued at about $463,000. 93.76% of the stock is currently owned by institutional investors.

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).