WESCO International, Inc. (NYSE:WCC) Receives Average Recommendation of “Buy” from Analysts

WESCO International, Inc. (NYSE:WCC) has earned a consensus rating of “Buy” from the nine research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $212.63.

Several research analysts have weighed in on the stock. Stephens increased their target price on shares of WESCO International from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Oppenheimer lowered their price objective on shares of WESCO International from $225.00 to $195.00 and set an “outperform” rating for the company in a research report on Monday, May 5th. Loop Capital cut their target price on WESCO International from $250.00 to $220.00 and set a “buy” rating on the stock in a research report on Monday, May 12th. KeyCorp upped their price target on WESCO International from $180.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. dropped their price objective on WESCO International from $210.00 to $180.00 and set an “overweight” rating for the company in a research note on Tuesday, May 27th.

WESCO International Stock Performance

WESCO International stock opened at $173.15 on Friday. The firm has a 50 day simple moving average of $163.08 and a 200-day simple moving average of $174.68. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 1.45 and a beta of 1.83. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.20 and a quick ratio of 1.27. WESCO International has a 1-year low of $125.21 and a 1-year high of $216.17.

WESCO International (NYSE:WCC) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). WESCO International had a return on equity of 13.63% and a net margin of 3.29%. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.27 billion. During the same quarter in the previous year, the company posted $2.30 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, analysts expect that WESCO International will post 13.3 EPS for the current year.

WESCO International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.4538 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.82 dividend on an annualized basis and a yield of 1.05%. WESCO International’s dividend payout ratio (DPR) is presently 13.69%.

Institutional Investors Weigh In On WESCO International

Large investors have recently bought and sold shares of the stock. Covestor Ltd grew its position in shares of WESCO International by 5.5% during the fourth quarter. Covestor Ltd now owns 1,198 shares of the technology company’s stock worth $216,000 after buying an additional 62 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in WESCO International by 39.9% during the 4th quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company’s stock worth $43,000 after acquiring an additional 67 shares in the last quarter. Parallel Advisors LLC increased its position in shares of WESCO International by 21.1% in the 1st quarter. Parallel Advisors LLC now owns 447 shares of the technology company’s stock valued at $69,000 after purchasing an additional 78 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in WESCO International by 43.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company’s stock valued at $48,000 after buying an additional 81 shares in the last quarter. Finally, Third Avenue Management LLC raised its position in shares of WESCO International by 0.6% during the 1st quarter. Third Avenue Management LLC now owns 14,822 shares of the technology company’s stock worth $2,302,000 after acquiring an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 93.76% of the company’s stock.

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).