JPMorgan Chase & Co. Raises WESCO International (NYSE:WCC) Price Target to $290.00

WESCO International (NYSE:WCC) had its target price lifted by analysts at JPMorgan Chase & Co. from $260.00 to $290.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 2.92% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Barclays upped their target price on WESCO International from $274.00 to $302.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Wall Street Zen upgraded WESCO International from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of WESCO International in a report on Wednesday, October 8th. KeyCorp raised their price objective on WESCO International from $258.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Finally, Royal Bank Of Canada raised shares of WESCO International from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $262.00 to $302.00 in a research report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, WESCO International presently has a consensus rating of “Moderate Buy” and an average price target of $265.50.

WESCO International Stock Down 0.8%

Shares of NYSE WCC opened at $281.77 on Friday. The firm has a fifty day simple moving average of $261.32 and a two-hundred day simple moving average of $231.59. WESCO International has a 12 month low of $125.21 and a 12 month high of $285.20. The company has a current ratio of 2.09, a quick ratio of 1.20 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $13.71 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.79 and a beta of 1.45.

WESCO International (NYSE:WCC) last announced its earnings results on Thursday, October 30th. The technology company reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.17. WESCO International had a net margin of 2.81% and a return on equity of 13.12%. The firm had revenue of $6.20 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the previous year, the firm posted $3.58 EPS. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. Equities analysts expect that WESCO International will post 13.3 earnings per share for the current year.

Insider Buying and Selling at WESCO International

In other WESCO International news, EVP Diane Lazzaris sold 4,039 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $258.42, for a total transaction of $1,043,758.38. Following the completion of the sale, the executive vice president directly owned 45,401 shares in the company, valued at approximately $11,732,526.42. This trade represents a 8.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christine Ann Wolf sold 4,685 shares of WESCO International stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $259.52, for a total value of $1,215,851.20. Following the completion of the sale, the executive vice president directly owned 30,195 shares of the company’s stock, valued at approximately $7,836,206.40. The trade was a 13.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 17,036 shares of company stock worth $4,385,254. 3.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On WESCO International

A number of hedge funds have recently bought and sold shares of the business. Brown Brothers Harriman & Co. grew its stake in shares of WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after acquiring an additional 83 shares during the period. Rothschild Investment LLC boosted its stake in shares of WESCO International by 788.2% in the 3rd quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock worth $32,000 after buying an additional 134 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of WESCO International in the third quarter worth $37,000. First Horizon Advisors Inc. increased its position in WESCO International by 129.7% during the second quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock valued at $43,000 after acquiring an additional 131 shares during the last quarter. Finally, Rossby Financial LCC increased its position in WESCO International by 117.4% during the third quarter. Rossby Financial LCC now owns 200 shares of the technology company’s stock valued at $43,000 after acquiring an additional 108 shares during 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 leading global distributor of electrical, industrial, communications and utility products, serving a diverse customer base across maintenance, repair and operations (MRO), original equipment manufacturing (OEM) and construction markets. The company offers a comprehensive portfolio of products ranging from power distribution and automation solutions to data communications, security systems and lighting controls. Through an extensive branch network, WESCO provides critical components and value‐added services that help organizations streamline operations and improve reliability in their facilities and infrastructure.

In addition to its broad product offering, WESCO delivers advanced supply chain management and logistics solutions designed to optimize inventory levels, reduce downtime and lower overall procurement costs.