WESCO International (NYSE:WCC) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

WESCO International (NYSE:WCC) had its target price raised by JPMorgan Chase & Co. from $260.00 to $290.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 3.28% from the company’s current price.

A number of other equities research analysts have also recently weighed in on WCC. Wall Street Zen upgraded shares of WESCO International from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Royal Bank Of Canada raised WESCO International from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $262.00 to $302.00 in a research report on Wednesday, November 19th. Barclays upped their price target on WESCO International from $274.00 to $302.00 and gave the stock an “overweight” rating in a research note on Monday. KeyCorp lifted their price objective on WESCO International from $258.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of WESCO International in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.50.

WESCO International Stock Down 1.1%

WCC stock traded down $3.11 during midday trading on Friday, hitting $280.80. The stock had a trading volume of 120,254 shares, compared to its average volume of 451,471. The business has a 50-day moving average of $260.78 and a two-hundred day moving average of $230.63. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.09 and a quick ratio of 1.20. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 1.76 and a beta of 1.45. WESCO International has a 52-week low of $125.21 and a 52-week high of $285.20.

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

Insider Buying and Selling

In other WESCO International news, EVP Christine Ann Wolf sold 4,685 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew S. Kulasa sold 790 shares of WESCO International stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $253.18, for a total transaction of $200,012.20. Following the completion of the sale, the chief accounting officer owned 3,320 shares of the company’s stock, valued at $840,557.60. This represents a 19.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.

Institutional Trading of WESCO International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC raised its stake in WESCO International by 1.4% during the second quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock valued at $740,000 after purchasing an additional 54 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of WESCO International by 13.4% in the 2nd quarter. Parallel Advisors LLC now owns 507 shares of the technology company’s stock worth $94,000 after buying an additional 60 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of WESCO International by 6.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,340 shares of the technology company’s stock valued at $283,000 after buying an additional 79 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of WESCO International by 166.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after buying an additional 83 shares in the last quarter. Finally, Burns Matteson Capital Management LLC lifted its holdings in shares of WESCO International by 4.0% in the 4th quarter. Burns Matteson Capital Management LLC now owns 2,281 shares of the technology company’s stock valued at $558,000 after acquiring an additional 88 shares during the last quarter. 93.75% of the stock is owned by hedge funds and other institutional investors.

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.