WESCO International, Inc. (NYSE:WCC) Receives $215.88 Average Target Price from Brokerages

WESCO International, Inc. (NYSE:WCC) has been assigned a consensus rating of “Buy” from the nine brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $215.88.

A number of research analysts recently commented on the company. Baird R W upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. KeyCorp increased their target price on shares of WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Jefferies Financial Group lifted their price objective on WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Oppenheimer boosted their target price on shares of WESCO International from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, StockNews.com upgraded shares of WESCO International from a “hold” rating to a “buy” rating in a research note on Friday, January 17th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WCC. Thompson Siegel & Walmsley LLC boosted its position in WESCO International by 341.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock valued at $43,420,000 after purchasing an additional 199,975 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of WESCO International by 142.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 30,063 shares of the technology company’s stock worth $5,050,000 after purchasing an additional 17,682 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of WESCO International by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock valued at $128,143,000 after acquiring an additional 22,080 shares during the last quarter. EMC Capital Management increased its stake in WESCO International by 580.8% in the 3rd quarter. EMC Capital Management now owns 16,094 shares of the technology company’s stock worth $2,703,000 after purchasing an additional 13,730 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its position in shares of WESCO International by 1.5% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 194,979 shares of the technology company’s stock valued at $32,753,000 after acquiring an additional 2,923 shares in the last quarter. 93.76% of the stock is owned by institutional investors and hedge funds.

WESCO International Stock Performance

NYSE WCC opened at $188.33 on Friday. WESCO International has a twelve month low of $132.37 and a twelve month high of $216.17. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 1.34 and a beta of 2.01. The company has a current ratio of 2.21, a quick ratio of 1.29 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average of $187.50 and a 200 day moving average of $179.56.

WESCO International (NYSE:WCC) last released its earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.07). WESCO International had a return on equity of 13.19% and a net margin of 3.19%. Sell-side analysts anticipate that WESCO International will post 12.3 EPS for the current fiscal year.

WESCO International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, December 13th. WESCO International’s dividend payout ratio (DPR) is currently 13.21%.

About WESCO International

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).