WESCO International (NYSE:WCC) had its price target lowered by equities research analysts at Buckingham Research from $57.00 to $49.00 in a research note issued to investors on Monday, BenzingaRatingsTable reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Buckingham Research’s price target indicates a potential upside of 0.62% from the company’s current price.
A number of other equities analysts also recently commented on WCC. Wolfe Research set a $52.00 price objective on shares of WESCO International and gave the stock a “hold” rating in a report on Friday, November 1st. Jefferies Financial Group assumed coverage on shares of WESCO International in a report on Wednesday, November 27th. They set a “hold” rating and a $60.00 price objective for the company. ValuEngine raised shares of WESCO International from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Oppenheimer raised shares of WESCO International from a “market perform” rating to an “outperform” rating and set a $74.00 price objective for the company in a report on Tuesday, January 7th. Finally, TheStreet raised shares of WESCO International from a “c+” rating to a “b-” rating in a report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $61.27.
NYSE:WCC opened at $48.70 on Monday. The company has a 50-day moving average of $55.77 and a 200-day moving average of $50.61. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 0.89 and a beta of 1.76. WESCO International has a 52 week low of $42.03 and a 52 week high of $61.32. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.41 and a current ratio of 2.34.
WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, January 30th. The technology company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.01). The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.11 billion. WESCO International had a return on equity of 10.30% and a net margin of 2.67%. WESCO International’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 earnings per share. Sell-side analysts forecast that WESCO International will post 5.42 EPS for the current year.
Several institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System increased its position in shares of WESCO International by 9.9% during the 4th quarter. California Public Employees Retirement System now owns 127,837 shares of the technology company’s stock worth $7,592,000 after purchasing an additional 11,568 shares in the last quarter. HGK Asset Management Inc. increased its position in shares of WESCO International by 26.6% during the 4th quarter. HGK Asset Management Inc. now owns 9,091 shares of the technology company’s stock worth $540,000 after purchasing an additional 1,912 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of WESCO International by 4.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 96,547 shares of the technology company’s stock worth $4,612,000 after purchasing an additional 3,977 shares in the last quarter. Polaris Capital Management LLC increased its position in shares of WESCO International by 7.8% during the 3rd quarter. Polaris Capital Management LLC now owns 834,658 shares of the technology company’s stock worth $39,872,000 after purchasing an additional 60,500 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of WESCO International by 40.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 260,874 shares of the technology company’s stock worth $12,462,000 after purchasing an additional 74,524 shares in the last quarter. Institutional investors and hedge funds own 98.86% of the company’s stock.
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.
