WESCO International (NYSE:WCC) Stock Price Target Raised at Royal Bank Of Canada

WESCO International (NYSE:WCC) had its price target increased by analysts at Royal Bank Of Canada from $430.00 to $435.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 20.91% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. Zacks Research raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Stephens upgraded shares of WESCO International from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Barclays lifted their price target on shares of WESCO International from $390.00 to $437.00 and gave the stock an “overweight” rating in a report on Monday. Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, DA Davidson started coverage on WESCO International in a research report on Tuesday, June 16th. They set a “buy” rating and a $440.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $402.83.

WESCO International Stock Down 0.9%

WESCO International stock traded down $3.18 during trading hours on Wednesday, reaching $359.76. The stock had a trading volume of 32,794 shares, compared to its average volume of 594,976. The company has a market cap of $17.53 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 2.16 and a beta of 1.54. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. The business’s 50 day moving average price is $355.46 and its 200-day moving average price is $340.98. WESCO International has a 52 week low of $211.47 and a 52 week high of $388.64.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.98 by $0.59. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The business had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same period last year, the business earned $3.83 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Sell-side analysts anticipate that WESCO International will post 16.77 EPS for the current year.

Insider Buying and Selling at WESCO International

In other news, EVP Akash Khurana sold 3,400 shares of WESCO International stock in a transaction on Monday, August 17th. The shares were sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the completion of the sale, the executive vice president directly owned 27,404 shares in the company, valued at approximately $10,051,239.12. The trade was a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Castillo acquired 960 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of $365.89 per share, for a total transaction of $351,254.40. Following the completion of the acquisition, the executive vice president directly owned 16,305 shares of the company’s stock, valued at approximately $5,965,836.45. The trade was a 6.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On WESCO International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WCC. Trust Point Inc. increased its position in shares of WESCO International by 4.5% during the second quarter. Trust Point Inc. now owns 771 shares of the technology company’s stock worth $266,000 after acquiring an additional 33 shares during the period. Sheets Smith Wealth Management boosted its holdings in WESCO International by 2.2% in the second quarter. Sheets Smith Wealth Management now owns 1,565 shares of the technology company’s stock valued at $541,000 after purchasing an additional 34 shares during the period. Fragasso Financial Advisors Inc boosted its holdings in WESCO International by 2.7% in the third quarter. Fragasso Financial Advisors Inc now owns 1,603 shares of the technology company’s stock valued at $586,000 after purchasing an additional 42 shares during the period. Elevation Wealth Partners LLC boosted its holdings in WESCO International by 70.3% in the third quarter. Elevation Wealth Partners LLC now owns 109 shares of the technology company’s stock valued at $39,000 after purchasing an additional 45 shares during the period. Finally, Bessemer Group Inc. grew its stake in WESCO International by 2.4% during the 1st quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company’s stock worth $606,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 93.75% of the company’s stock.

About WESCO International

WESCO International, Inc is a global provider of electrical, communications, utility and supply chain solutions. Through its distribution and service operations, the company supplies products used in commercial, industrial, institutional, utility, data center, broadband and residential markets.

Its product offerings include electrical and electronic components, wire and cable, lighting and controls, network infrastructure, security and safety products, automation equipment, and general industrial supplies.