WESCO International (NYSE:WCC) Stock Rating Upgraded by Wall Street Zen

WESCO International (NYSE:WCC) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

Several other brokerages have also recently issued reports on WCC. Barclays upped their target price on WESCO International from $390.00 to $437.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Zacks Research cut shares of WESCO International from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. Royal Bank Of Canada increased their price target on WESCO International from $430.00 to $435.00 and gave the company an “outperform” rating in a research report on Wednesday, October 14th. Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, Stephens upgraded shares of 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 report on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, WESCO International has a consensus rating of “Moderate Buy” and an average price target of $402.83.

WESCO International Price Performance

Shares of WCC opened at $317.36 on Friday. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. The company has a market cap of $15.46 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 1.93 and a beta of 1.54. The company has a 50 day moving average of $351.18 and a two-hundred day moving average of $344.30. WESCO International has a twelve month low of $219.62 and a twelve month high of $388.64.

WESCO International (NYSE:WCC) last released its earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, topping analysts’ consensus estimates of $3.98 by $0.59. The firm had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, analysts predict that WESCO International will post 16.77 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Laura K. Thompson sold 270 shares of WESCO International stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total value of $99,481.50. Following the transaction, the director owned 10,720 shares in the company, valued at approximately $3,949,784. This trade represents a 2.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Akash Khurana sold 3,400 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $366.78, for a total value of $1,247,052.00. Following the completion of the transaction, the executive vice president owned 27,404 shares of the company’s stock, valued at approximately $10,051,239.12. This represents a 11.04% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Signaturefd LLC boosted its holdings in shares of WESCO International by 18.7% in the third quarter. Signaturefd LLC now owns 1,237 shares of the technology company’s stock valued at $445,000 after acquiring an additional 195 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new position in WESCO International during the third quarter valued at $1,315,000. One Wealth Capital Management LLC purchased a new position in WESCO International during the third quarter valued at approximately $277,000. Farmers & Merchants Investments Inc. raised its holdings in shares of WESCO International by 0.7% during the third quarter. Farmers & Merchants Investments Inc. now owns 175,203 shares of the technology company’s stock worth $63,001,000 after acquiring an additional 1,146 shares in the last quarter. Finally, MBL Wealth LLC acquired a new stake in WESCO International in the third quarter valued at approximately $460,000. 93.75% of the stock is owned by institutional investors and hedge funds.

About WESCO International

WESCO International, Inc is a business-to-business provider of electrical, communications, security, and supply chain solutions. The company distributes products used in electrical and electronic systems, including wire and cable, lighting, circuit protection, automation and control equipment, data communications infrastructure, security products, and other electrical and industrial supplies.

WESCO serves a broad range of customers, including electrical and data communications contractors, industrial companies, original equipment manufacturers, utilities, commercial and institutional businesses, government entities, and telecommunications providers.