WESCO International (NYSE:WCC) PT Raised to $210.00

WESCO International (NYSE:WCC) had its target price upped by investment analysts at Loop Capital from $190.00 to $210.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Loop Capital’s price objective would indicate a potential upside of 22.39% from the company’s current price.

A number of other research analysts have also commented on the stock. Stephens reiterated an “overweight” rating and issued a $190.00 price target on shares of WESCO International in a research note on Monday, August 5th. Robert W. Baird cut their price objective on shares of WESCO International from $195.00 to $172.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. KeyCorp cut their price objective on shares of 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 cut their price objective on shares of WESCO International from $175.00 to $171.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. Finally, StockNews.com downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $189.86.

WESCO International Stock Down 0.3 %

WESCO International stock opened at $171.58 on Friday. WESCO International has a fifty-two week low of $122.30 and a fifty-two week high of $195.43. The firm has a market capitalization of $8.72 billion, a PE ratio of 14.29, a P/E/G ratio of 1.38 and a beta of 2.03. The company’s 50-day moving average is $161.63 and its 200-day moving average is $166.36. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.28 and a quick ratio of 1.34.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $3.21 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 company had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.55 billion. During the same quarter last year, the company posted $3.71 EPS. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. Sell-side analysts anticipate that WESCO International will post 12.14 earnings per share for the current year.

Insider Transactions at WESCO International

In other news, Director Steven A. Raymund sold 5,819 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $171.56, for a total transaction of $998,307.64. Following the completion of the sale, the director now owns 27,004 shares of the company’s stock, valued at approximately $4,632,806.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.10% of the stock is currently owned by insiders.

Institutional Trading of WESCO International

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

About WESCO International

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).