WESCO International (NYSE:WCC) Given New $304.00 Price Target at KeyCorp

WESCO International (NYSE:WCC) had its target price hoisted by research analysts at KeyCorp from $300.00 to $304.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. KeyCorp’s target price suggests a potential upside of 6.12% from the company’s previous close.

Several other research firms also recently issued reports on WCC. Royal Bank Of Canada raised shares of WESCO International from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $262.00 to $302.00 in a report on Wednesday, November 19th. Barclays raised their price target on shares of WESCO International from $274.00 to $302.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of WESCO International in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, WESCO International currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.00.

WESCO International Stock Down 1.3%

WCC stock opened at $286.46 on Monday. The stock has a market capitalization of $13.94 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 1.82 and a beta of 1.45. WESCO International has a 52 week low of $125.21 and a 52 week high of $291.01. The company has a quick ratio of 1.20, a current ratio of 2.09 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average of $263.69 and a 200 day moving average of $235.01.

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

Insiders Place Their Bets

In related news, EVP Diane Lazzaris sold 7,522 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $256.00, for a total value of $1,925,632.00. Following the completion of the transaction, the executive vice president owned 45,401 shares of the company’s stock, valued at approximately $11,622,656. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Matthew S. Kulasa sold 790 shares of WESCO International stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $253.18, for a total value of $200,012.20. Following the transaction, the chief accounting officer owned 3,320 shares in the company, valued at $840,557.60. This represents a 19.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 17,036 shares of company stock worth $4,385,254 over the last ninety days. 3.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On WESCO International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. boosted its stake in 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 purchasing an additional 83 shares during the period. Rothschild Investment LLC boosted its position in shares of WESCO International by 788.2% in the third quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock valued at $32,000 after acquiring an additional 134 shares during the period. Root Financial Partners LLC bought a new stake in WESCO International in the 3rd quarter valued at $37,000. Rossby Financial LCC grew its position in WESCO International by 117.4% in the 3rd quarter. Rossby Financial LCC now owns 200 shares of the technology company’s stock worth $43,000 after purchasing an additional 108 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new position in shares of WESCO International during the 4th quarter worth about $52,000. Institutional investors own 93.75% of the company’s stock.

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.