Shares of WESCO International, Inc. (NYSE:WCC – Get Free Report) have been given an average rating of “Buy” by the six analysts that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $189.86.
A number of brokerages recently weighed in on WCC. Oppenheimer lowered their target price on shares of WESCO International from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Friday, August 4th. StockNews.com raised shares of WESCO International from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. KeyCorp decreased their price target on shares of WESCO International from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. JPMorgan Chase & Co. raised shares of WESCO International from a “neutral” rating to an “overweight” rating and set a $180.00 price target for the company in a research note on Friday, October 6th. Finally, Royal Bank of Canada decreased their price target on shares of WESCO International from $214.00 to $189.00 and set an “outperform” rating for the company in a research note on Friday, August 4th.
Institutional Investors Weigh In On WESCO International
WESCO International Price Performance
Shares of NYSE WCC opened at $146.93 on Friday. WESCO International has a twelve month low of $117.12 and a twelve month high of $185.23. The firm has a fifty day simple moving average of $141.55 and a 200 day simple moving average of $151.79. The company has a market capitalization of $7.51 billion, a PE ratio of 9.80, a P/E/G ratio of 0.89 and a beta of 2.01. The company has a quick ratio of 1.39, a current ratio of 2.36 and a debt-to-equity ratio of 1.10.
WESCO International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Thursday, September 14th. WESCO International’s payout ratio is presently 10.01%.
WESCO International Company Profile
WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).
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