Royal Bank Of Canada Raises WESCO International (NYSE:WCC) Price Target to $421.00

WESCO International (NYSE:WCC) had its price objective upped by equities researchers at Royal Bank Of Canada from $411.00 to $421.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s target price points to a potential upside of 28.48% from the stock’s current price.

A number of other brokerages have also issued reports on WCC. Barclays upped their price target on shares of WESCO International from $313.00 to $375.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Wall Street Zen downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. KeyCorp boosted their price objective on shares of WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $350.00 to $400.00 in a research report on Tuesday. Finally, Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $341.22.

WESCO International Price Performance

Shares of NYSE WCC opened at $327.69 on Thursday. WESCO International has a fifty-two week low of $197.96 and a fifty-two week high of $377.90. The company has a market cap of $15.96 billion, a PE ratio of 23.29, a P/E/G ratio of 2.05 and a beta of 1.54. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.22 and a current ratio of 2.12. The business has a 50-day simple moving average of $348.23 and a two-hundred day simple moving average of $309.48.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.49. The firm had revenue of $6.08 billion for the quarter, compared to the consensus estimate of $5.86 billion. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.21 earnings per share. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. As a group, equities analysts expect that WESCO International will post 15.94 EPS for the current fiscal year.

Insider Activity at WESCO International

In other WESCO International news, CEO John Engel sold 79,440 shares of WESCO International stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $358.75, for a total transaction of $28,499,100.00. Following the completion of the sale, the chief executive officer directly owned 478,946 shares in the company, valued at approximately $171,821,877.50. The trade was a 14.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO David S. Schulz sold 31,951 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $360.44, for a total transaction of $11,516,418.44. Following the completion of the sale, the chief financial officer directly owned 77,038 shares in the company, valued at $27,767,576.72. This trade represents a 29.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 144,486 shares of company stock worth $51,846,641 in the last ninety days. 2.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On WESCO International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trust Point Inc. lifted its holdings in shares of WESCO International by 4.5% in the 2nd quarter. Trust Point Inc. now owns 771 shares of the technology company’s stock valued at $266,000 after buying an additional 33 shares during the period. GAMMA Investing LLC boosted its stake in shares of WESCO International by 19.4% in the second quarter. GAMMA Investing LLC now owns 992 shares of the technology company’s stock worth $343,000 after buying an additional 161 shares during the last quarter. Versant Capital Management Inc grew its holdings in WESCO International by 8.1% during the second quarter. Versant Capital Management Inc now owns 1,148 shares of the technology company’s stock worth $397,000 after acquiring an additional 86 shares during the period. Pacer Advisors Inc. raised its position in WESCO International by 22.7% during the first quarter. Pacer Advisors Inc. now owns 7,139 shares of the technology company’s stock valued at $1,953,000 after acquiring an additional 1,319 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its position in WESCO International by 5.0% during the first quarter. Arkadios Wealth Advisors now owns 2,138 shares of the technology company’s stock valued at $585,000 after acquiring an additional 102 shares in the last quarter. 93.75% of the stock is owned by institutional investors and hedge funds.

WESCO International Company Profile

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.