Royal Bank of Canada Increases WESCO International (NYSE:WCC) Price Target to $213.00

WESCO International (NYSE:WCC) had its target price increased by equities research analysts at Royal Bank of Canada from $212.00 to $213.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “sector perform” rating on the technology company’s stock. Royal Bank of Canada’s target price points to a potential upside of 10.00% from the company’s current price.

Several other equities analysts have also weighed in on the company. KeyCorp increased their price objective on WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Jefferies Financial Group upped their price target on WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Robert W. Baird lifted their price objective on WESCO International from $215.00 to $223.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Oppenheimer upped their price objective on shares of WESCO International from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Baird R W upgraded shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $217.63.

WESCO International Trading Up 0.2 %

Shares of WESCO International stock opened at $193.63 on Wednesday. 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 fifty day simple moving average of $186.84 and a 200 day simple moving average of $179.75. WESCO International has a 12-month low of $138.67 and a 12-month high of $216.17. The company has a market capitalization of $9.49 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 1.34 and a beta of 2.01.

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 the consensus estimate of $3.23 by ($0.07). WESCO International had a net margin of 3.19% and a return on equity of 13.19%. On average, sell-side analysts anticipate that WESCO International will post 12.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WESCO International

Hedge funds have recently added to or reduced their stakes in the stock. Thompson Siegel & Walmsley LLC grew its stake in shares of WESCO International by 341.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock worth $43,420,000 after acquiring an additional 199,975 shares during the period. Handelsbanken Fonder AB lifted its position in WESCO International by 167.3% during the fourth quarter. Handelsbanken Fonder AB now owns 192,182 shares of the technology company’s stock valued at $34,777,000 after purchasing an additional 120,289 shares during the period. Russell Investments Group Ltd. boosted its holdings in WESCO International by 62.9% in the fourth quarter. Russell Investments Group Ltd. now owns 215,002 shares of the technology company’s stock worth $38,906,000 after purchasing an additional 83,031 shares during the last quarter. Geode Capital Management LLC raised its stake in 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 buying an additional 22,080 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in WESCO International by 142.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 30,063 shares of the technology company’s stock valued at $5,050,000 after buying an additional 17,682 shares during the last quarter. 93.76% of the stock is owned by institutional investors.

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).