Shares of WESCO International, Inc. (NYSE:WCC) have been assigned an average recommendation of “Hold” from the sixteen ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $68.80.

A number of analysts have recently weighed in on the stock. Standpoint Research lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. They noted that the move was a valuation call. Credit Suisse Group set a $70.00 price objective on shares of WESCO International and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded shares of WESCO International from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Tuesday, October 31st. Robert W. Baird reiterated a “hold” rating and issued a $67.00 price objective on shares of WESCO International in a research note on Friday, October 27th. Finally, KeyCorp reiterated a “buy” rating and issued a $64.00 price objective on shares of WESCO International in a research note on Thursday, October 12th.

WESCO International (WCC) opened at $63.95 on Friday. The stock has a market cap of $2,990.00, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 1.68 and a beta of 1.95. WESCO International has a fifty-two week low of $48.95 and a fifty-two week high of $76.15. The company has a quick ratio of 1.42, a current ratio of 2.31 and a debt-to-equity ratio of 0.65.

WESCO International (NYSE:WCC) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.09. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.93 billion. WESCO International had a net margin of 2.52% and a return on equity of 9.11%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $1.05 earnings per share. sell-side analysts expect that WESCO International will post 3.87 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. Wasatch Advisors Inc. grew its position in WESCO International by 20.3% during the second quarter. Wasatch Advisors Inc. now owns 2,490,581 shares of the technology company’s stock valued at $142,710,000 after buying an additional 420,292 shares during the period. Investec Asset Management LTD grew its position in WESCO International by 24.5% during the second quarter. Investec Asset Management LTD now owns 1,103,602 shares of the technology company’s stock valued at $63,236,000 after buying an additional 217,004 shares during the period. Polaris Capital Management LLC grew its position in WESCO International by 1.5% during the second quarter. Polaris Capital Management LLC now owns 565,111 shares of the technology company’s stock valued at $32,381,000 after buying an additional 8,500 shares during the period. Bank of New York Mellon Corp grew its position in WESCO International by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 437,185 shares of the technology company’s stock valued at $25,051,000 after buying an additional 22,204 shares during the period. Finally, Frontier Capital Management Co. LLC grew its position in WESCO International by 2.2% during the third quarter. Frontier Capital Management Co. LLC now owns 399,583 shares of the technology company’s stock valued at $23,276,000 after buying an additional 8,560 shares during the period. Hedge funds and other institutional investors own 98.79% of the company’s stock.

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WESCO International Company Profile

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.

Analyst Recommendations for WESCO International (NYSE:WCC)

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