WESCO International (NYSE:WCC) Given New $335.00 Price Target at Royal Bank Of Canada

WESCO International (NYSE:WCCFree Report) had its price objective raised by Royal Bank Of Canada from $316.00 to $335.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

A number of other analysts have also weighed in on the company. Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. JPMorgan Chase & Co. increased their price objective on shares of WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of WESCO International in a report on Wednesday, January 21st. Barclays upped their price target on WESCO International from $274.00 to $302.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Finally, KeyCorp lifted their price objective on shares of WESCO International from $300.00 to $304.00 and gave the stock an “overweight” rating in a research note on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $276.00.

Read Our Latest Stock Report on WCC

WESCO International Stock Performance

WCC stock traded up $6.61 on Wednesday, reaching $309.55. 339,914 shares of the company were exchanged, compared to its average volume of 583,074. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.20 and a quick ratio of 1.20. WESCO International has a 12 month low of $125.21 and a 12 month high of $319.67. The stock’s fifty day moving average price is $273.56 and its 200 day moving average price is $243.13. The firm has a market capitalization of $15.06 billion, a PE ratio of 23.69, a PEG ratio of 1.82 and a beta of 1.45.

WESCO International (NYSE:WCCGet Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $3.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.82 by ($0.42). The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $6.03 billion. WESCO International had a net margin of 2.72% and a return on equity of 13.00%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $3.16 EPS. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. On average, research analysts anticipate that WESCO International will post 13.3 EPS for the current fiscal year.

WESCO International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.4538 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.82 annualized dividend and a dividend yield of 0.6%. WESCO International’s payout ratio is 13.86%.

Hedge Funds Weigh In On WESCO International

Several large investors have recently modified their holdings of WCC. SG Americas Securities LLC boosted its position in shares of WESCO International by 172.5% during the 3rd quarter. SG Americas Securities LLC now owns 10,742 shares of the technology company’s stock worth $2,272,000 after acquiring an additional 6,800 shares in the last quarter. Regency Capital Management Inc. DE bought a new stake in WESCO International during the third quarter worth $3,215,000. Norman Fields Gottscho Capital Management LLC boosted its holdings in shares of WESCO International by 112.7% in the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 13,785 shares of the technology company’s stock valued at $2,916,000 after purchasing an additional 7,303 shares in the last quarter. Third Avenue Management LLC increased its stake in shares of WESCO International by 35.6% in the 2nd quarter. Third Avenue Management LLC now owns 20,093 shares of the technology company’s stock valued at $3,721,000 after purchasing an additional 5,271 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new position in shares of WESCO International during the 3rd quarter worth $1,923,000. 93.75% of the stock is owned by institutional investors.

WESCO International News Roundup

Here are the key news stories impacting WESCO International this week:

About WESCO International

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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.

Further Reading

Analyst Recommendations for WESCO International (NYSE:WCC)

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