WESCO International, Inc. (NYSE:WCC) Earns Hold Rating from Royal Bank Of Canada
Several other equities research analysts also recently weighed in on WCC. Credit Suisse Group reaffirmed a buy rating and set a $83.00 target price on shares of WESCO International in a research note on Thursday, March 16th. Zacks Investment Research raised shares of WESCO International from a hold rating to a buy rating and set a $76.00 target price on the stock in a research note on Tuesday, March 28th. Barclays PLC reaffirmed an equal weight rating and set a $68.00 target price (up from $65.00) on shares of WESCO International in a research note on Wednesday, April 19th. Raymond James Financial, Inc. raised shares of WESCO International from a market perform rating to an outperform rating and set a $70.00 target price on the stock in a research note on Wednesday, April 19th. Finally, Morgan Stanley raised shares of WESCO International from an equal weight rating to an overweight rating and cut their target price for the stock from $79.00 to $74.00 in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. WESCO International currently has an average rating of Hold and a consensus target price of $69.20.
Shares of WESCO International (NYSE WCC) traded up 0.80% during trading on Wednesday, reaching $56.90. 89,687 shares of the company traded hands. The firm’s 50 day moving average price is $59.54 and its 200-day moving average price is $66.41. WESCO International has a 52 week low of $51.45 and a 52 week high of $76.15. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 27.06 and a beta of 1.79.
WESCO International (NYSE:WCC) last announced its earnings results on Thursday, April 27th. The technology company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.03. WESCO International had a net margin of 1.41% and a return on equity of 9.30%. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the firm earned $0.77 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Equities analysts anticipate that WESCO International will post $3.87 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of WCC. DUPONT CAPITAL MANAGEMENT Corp bought a new position in WESCO International during the first quarter worth approximately $146,000. Comerica Bank bought a new position in WESCO International during the fourth quarter worth approximately $210,000. Trust Co. of Vermont bought a new position in WESCO International during the second quarter worth approximately $229,000. OppenheimerFunds Inc. increased its position in WESCO International by 14.3% in the first quarter. OppenheimerFunds Inc. now owns 5,009 shares of the technology company’s stock worth $348,000 after buying an additional 626 shares during the period. Finally, Amalgamated Bank increased its position in WESCO International by 3.3% in the first quarter. Amalgamated Bank now owns 6,958 shares of the technology company’s stock worth $484,000 after buying an additional 225 shares during the period. 98.15% of the stock is currently owned by hedge funds and other institutional investors.
About WESCO International
WESCO International, Inc is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services.
Receive News & Ratings for WESCO International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WESCO International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.