WESCO International, Inc. (NYSE:WCC) Given Average Rating of “Moderate Buy” by Analysts

Shares of WESCO International, Inc. (NYSE:WCCGet Rating) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $189.00.

Several research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of WESCO International in a research report on Thursday. They issued a “hold” rating for the company. Raymond James boosted their price objective on shares of WESCO International from $190.00 to $200.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, February 15th. Oppenheimer boosted their price objective on shares of WESCO International from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 15th. KeyCorp upped their target price on shares of WESCO International from $165.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday, February 15th. Finally, Royal Bank of Canada upped their target price on shares of WESCO International from $163.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, February 15th.

Insider Buying and Selling

In related news, EVP Nelson John Squires III sold 4,665 shares of WESCO International stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $170.25, for a total transaction of $794,216.25. Following the completion of the transaction, the executive vice president now owns 73,198 shares in the company, valued at $12,461,959.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Nelson John Squires III sold 4,665 shares of WESCO International stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $170.25, for a total transaction of $794,216.25. Following the completion of the transaction, the executive vice president now owns 73,198 shares in the company, valued at $12,461,959.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Louis Singleton sold 3,000 shares of WESCO International stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $167.56, for a total value of $502,680.00. Following the transaction, the director now owns 37,719 shares of the company’s stock, valued at approximately $6,320,195.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 105,532 shares of company stock worth $17,217,762. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On WESCO International

Hedge funds have recently bought and sold shares of the stock. First Hawaiian Bank lifted its position in WESCO International by 3.5% during the third quarter. First Hawaiian Bank now owns 7,435 shares of the technology company’s stock worth $888,000 after acquiring an additional 253 shares during the last quarter. Zeke Capital Advisors LLC acquired a new stake in WESCO International during the second quarter worth approximately $283,000. EverSource Wealth Advisors LLC acquired a new stake in WESCO International during the third quarter worth approximately $56,000. AXA S.A. acquired a new stake in shares of WESCO International in the third quarter valued at approximately $2,889,000. Finally, Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of WESCO International in the third quarter valued at approximately $202,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

WESCO International Stock Down 5.9 %

Shares of WCC opened at $138.62 on Friday. The company has a market capitalization of $7.08 billion, a P/E ratio of 9.04, a PEG ratio of 0.82 and a beta of 1.97. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.18 and a quick ratio of 1.27. WESCO International has a one year low of $99.00 and a one year high of $175.00. The business’s 50 day simple moving average is $152.69 and its 200-day simple moving average is $135.70.

WESCO International (NYSE:WCCGet Rating) last posted its quarterly earnings data on Tuesday, February 14th. The technology company reported $4.13 earnings per share for the quarter, topping the consensus estimate of $3.81 by $0.32. WESCO International had a net margin of 4.02% and a return on equity of 21.61%. The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter in the previous year, the company posted $3.17 EPS. WESCO International’s revenue was up 15.4% on a year-over-year basis. As a group, sell-side analysts predict that WESCO International will post 17.53 EPS for the current fiscal year.

WESCO International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Tuesday, March 14th. WESCO International’s payout ratio is currently 9.78%.

About WESCO International

(Get Rating)

WESCO International, Inc is a holding company, which engages in the provision of electrical, industrial, communications maintenance, repair and operating, and original equipment manufacturer products. It also offers construction materials, and supply chain management and logistics services. Its product categories include general supplies, wire, cable and conduit, communications and security, electrical distribution and controls, lighting and sustainability, and automation, controls, and motors.

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Analyst Recommendations for WESCO International (NYSE:WCC)

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