WESCO International, Inc. (NYSE:WCC) Receives $184.67 Consensus Target Price from Analysts

WESCO International, Inc. (NYSE:WCC) has earned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $184.67.

A number of research firms have recently commented on WCC. Oppenheimer upped their price objective on WESCO International from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. KeyCorp increased their price target on WESCO International from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. lowered their price target on WESCO International from $180.00 to $175.00 and set an “overweight” rating for the company in a report on Friday, March 15th. Royal Bank of Canada downgraded WESCO International from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $202.00 to $173.00 in a report on Tuesday, February 13th. Finally, Robert W. Baird lowered their price target on WESCO International from $203.00 to $170.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th.

WESCO International Trading Down 1.5 %

Shares of WCC opened at $152.48 on Monday. The company has a market capitalization of $7.77 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.13 and a beta of 2.06. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.42 and a current ratio of 2.48. The stock has a fifty day moving average of $160.78 and a two-hundred day moving average of $158.58. WESCO International has a fifty-two week low of $121.90 and a fifty-two week high of $195.43.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported $2.65 EPS for the quarter, missing analysts’ consensus estimates of $3.86 by ($1.21). The firm had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.59 billion. WESCO International had a return on equity of 17.01% and a net margin of 3.42%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.13 earnings per share. As a group, analysts forecast that WESCO International will post 14.19 EPS for the current year.

WESCO International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.4125 per share. This is a boost from WESCO International’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.65 annualized dividend and a dividend yield of 1.08%. WESCO International’s dividend payout ratio (DPR) is presently 12.19%.

Insider Buying and Selling

In related news, EVP James Cameron sold 5,352 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $156.39, for a total transaction of $836,999.28. Following the sale, the executive vice president now owns 33,595 shares in the company, valued at $5,253,922.05. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other WESCO International news, EVP James Cameron sold 5,352 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $156.39, for a total value of $836,999.28. Following the sale, the executive vice president now owns 33,595 shares in the company, valued at $5,253,922.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nelson John Squires III sold 3,490 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $190.00, for a total transaction of $663,100.00. Following the transaction, the executive vice president now owns 54,385 shares in the company, valued at approximately $10,333,150. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

Institutional Trading of WESCO International

Large investors have recently added to or reduced their stakes in the business. Park Place Capital Corp boosted its stake in WESCO International by 41.3% in the 3rd quarter. Park Place Capital Corp now owns 294 shares of the technology company’s stock worth $42,000 after purchasing an additional 86 shares during the period. KB Financial Partners LLC raised its holdings in WESCO International by 76.8% in the 3rd quarter. KB Financial Partners LLC now owns 198 shares of the technology company’s stock worth $28,000 after acquiring an additional 86 shares during the period. FDx Advisors Inc. raised its holdings in WESCO International by 7.3% in the 3rd quarter. FDx Advisors Inc. now owns 1,555 shares of the technology company’s stock worth $224,000 after acquiring an additional 106 shares during the period. First Hawaiian Bank raised its holdings in WESCO International by 2.1% in the 3rd quarter. First Hawaiian Bank now owns 5,501 shares of the technology company’s stock worth $791,000 after acquiring an additional 113 shares during the period. Finally, Captrust Financial Advisors grew its position in WESCO International by 5.1% in the 2nd quarter. Captrust Financial Advisors now owns 2,497 shares of the technology company’s stock worth $267,000 after purchasing an additional 122 shares during the last quarter. 93.76% of the stock is currently owned by institutional investors.

WESCO International Company Profile

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).