Shares of WESCO International, Inc. (NYSE:WCC) have been assigned an average rating of “Hold” from the fourteen brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $64.50.

Several analysts have recently weighed in on the stock. William Blair downgraded shares of WESCO International from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 7th. Northcoast Research reaffirmed a “buy” rating on shares of WESCO International in a report on Friday, May 3rd. Wells Fargo & Co lifted their target price on shares of WESCO International from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Buckingham Research set a $60.00 target price on shares of WESCO International and gave the company a “buy” rating in a report on Saturday, February 2nd. Finally, Zacks Investment Research raised shares of WESCO International from a “sell” rating to a “hold” rating in a report on Saturday, February 9th.

Shares of NYSE:WCC traded up $0.38 during trading on Friday, hitting $49.06. 399,721 shares of the company were exchanged, compared to its average volume of 537,123. The company has a market capitalization of $2.17 billion, a PE ratio of 10.18, a P/E/G ratio of 0.96 and a beta of 1.69. The company has a current ratio of 2.18, a quick ratio of 1.31 and a debt-to-equity ratio of 0.63. WESCO International has a 12-month low of $43.94 and a 12-month high of $63.20.

WESCO International (NYSE:WCC) last issued its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.02). The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $2 billion. WESCO International had a return on equity of 10.34% and a net margin of 2.77%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 EPS. As a group, equities research analysts predict that WESCO International will post 5.39 EPS for the current fiscal year.

In other WESCO International news, Director John K. Morgan sold 3,077 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $51.29, for a total value of $157,819.33. Following the transaction, the director now directly owns 25,984 shares of the company’s stock, valued at approximately $1,332,719.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Christine Ann Wolf acquired 1,874 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of $53.35 per share, for a total transaction of $99,977.90. Following the completion of the purchase, the senior vice president now directly owns 3,564 shares in the company, valued at approximately $190,139.40. The disclosure for this purchase can be found here. Insiders sold a total of 7,679 shares of company stock worth $405,893 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Paradigm Capital Management Inc. NY acquired a new position in WESCO International in the 1st quarter valued at $1,299,000. Cigna Investments Inc. New acquired a new position in WESCO International in the 1st quarter valued at $1,220,000. Fort Washington Investment Advisors Inc. OH acquired a new position in WESCO International in the 1st quarter valued at $14,834,000. Parametric Portfolio Associates LLC increased its stake in WESCO International by 12.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 190,375 shares of the technology company’s stock valued at $10,092,000 after buying an additional 20,960 shares during the period. Finally, New York State Common Retirement Fund increased its stake in WESCO International by 16.6% in the 1st quarter. New York State Common Retirement Fund now owns 208,584 shares of the technology company’s stock valued at $11,057,000 after buying an additional 29,766 shares during the period.

About WESCO International

WESCO International, Inc distributes electrical, industrial, and communications maintenance, repair and operating (MRO) and original equipment manufacturers products and construction materials in North America and internationally. The company sells general supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, wraps, splicing and marking equipment, tools and testers, safety, personal protection, sealants, cutting tools, adhesives, consumables, fasteners, janitorial, and other MRO supplies.

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Analyst Recommendations for WESCO International (NYSE:WCC)

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