Shares of WESCO International, Inc. (NYSE:WCC) have been assigned an average rating of “Hold” from the eighteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$68.78.
A number of equities research analysts have recently weighed in on the company. UBS AG boosted their target price on WESCO International from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. BidaskClub lowered WESCO International from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. KeyCorp reissued a “buy” rating and issued a $64.00 target price on shares of WESCO International in a research note on Thursday, October 12th. Zacks Investment Research raised WESCO International from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $67.00 price target on shares of WESCO International in a research report on Friday, October 27th.
Shares of WESCO International (WCC) opened at C$62.30 on Monday. WESCO International has a 52 week low of C$48.95 and a 52 week high of C$76.15. The company has a quick ratio of 1.49, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $2,988.72, a PE ratio of 16.14, a PEG ratio of 1.61 and a beta of 1.95.
WESCO International (NYSE:WCC) last released its earnings results on Thursday, October 26th. The company reported C$1.12 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.03 by C$0.09. WESCO International had a return on equity of 9.11% and a net margin of 2.52%. The company had revenue of C$2 billion during the quarter, compared to analyst estimates of C$1.93 billion. During the same quarter in the previous year, the company posted $1.05 EPS. WESCO International’s revenue for the quarter was up 7.8% on a year-over-year basis. analysts expect that WESCO International will post 3.87 earnings per share for the current year.
Several large investors have recently made changes to their positions in the company. Wasatch Advisors Inc. raised its position in shares of WESCO International by 20.3% in the 2nd quarter. Wasatch Advisors Inc. now owns 2,490,581 shares of the company’s stock worth $142,710,000 after acquiring an additional 420,292 shares in the last quarter. Investec Asset Management LTD raised its position in shares of WESCO International by 24.5% in the 2nd quarter. Investec Asset Management LTD now owns 1,103,602 shares of the company’s stock worth $63,236,000 after acquiring an additional 217,004 shares in the last quarter. Polaris Capital Management LLC raised its position in shares of WESCO International by 1.5% in the 2nd quarter. Polaris Capital Management LLC now owns 565,111 shares of the company’s stock worth $32,381,000 after acquiring an additional 8,500 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of WESCO International by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 437,185 shares of the company’s stock worth $25,051,000 after acquiring an additional 22,204 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its position in shares of WESCO International by 2.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 399,583 shares of the company’s stock worth $23,276,000 after acquiring an additional 8,560 shares in the last quarter. 98.33% of the stock is 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.
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