Barclays Issues Positive Forecast for WESCO International (NYSE:WCC) Stock Price

WESCO International (NYSE:WCC) had its price target lifted by stock analysts at Barclays from $376.00 to $390.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Barclays‘s price objective would indicate a potential upside of 13.27% from the company’s previous close.

A number of other analysts also recently issued reports on WCC. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $350.00 to $400.00 in a report on Tuesday, July 14th. KeyCorp increased their target price on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Royal Bank Of Canada upped their price objective on WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday. Weiss Ratings downgraded WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Finally, Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $356.88.

WESCO International Price Performance

Shares of NYSE WCC opened at $344.32 on Monday. The stock’s 50-day simple moving average is $342.99 and its two-hundred day simple moving average is $314.86. WESCO International has a twelve month low of $197.96 and a twelve month high of $377.90. The firm has a market capitalization of $16.77 billion, a P/E ratio of 23.80, a P/E/G ratio of 2.14 and a beta of 1.54. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, topping the consensus estimate of $3.98 by $0.59. The company had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. WESCO International’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, equities analysts anticipate that WESCO International will post 16.08 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Akash Khurana sold 4,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $359.13, for a total value of $1,436,520.00. Following the transaction, the executive vice president owned 30,775 shares in the company, valued at $11,052,225.75. The trade was a 11.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christine Ann Wolf sold 2,549 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $355.25, for a total value of $905,532.25. Following the completion of the transaction, the executive vice president directly owned 29,570 shares in the company, valued at $10,504,742.50. This trade represents a 7.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 144,486 shares of company stock valued at $51,846,641. Company insiders own 2.60% of the company’s stock.

Institutional Trading of WESCO International

Several large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in WESCO International by 95.6% in the second quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company’s stock worth $139,000 after acquiring an additional 368 shares during the period. Gamco Investors INC. ET AL bought a new stake in shares of WESCO International during the 2nd quarter valued at $573,000. California State Teachers Retirement System increased its stake in shares of WESCO International by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 45,604 shares of the technology company’s stock worth $8,446,000 after purchasing an additional 365 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in WESCO International by 516.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company’s stock worth $7,659,000 after purchasing an additional 34,649 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in WESCO International by 1.4% in the 2nd quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock worth $740,000 after purchasing an additional 54 shares during the period. 93.75% of the stock is currently owned by institutional investors.

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.