WESCO International, Inc. (NYSE:WCC) Receives $219.43 Average PT from Analysts

WESCO International, Inc. (NYSE:WCC) has received a consensus recommendation of “Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $219.43.

Several equities research analysts have recently weighed in on the stock. StockNews.com cut shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. KeyCorp decreased their price target on WESCO International from $245.00 to $205.00 and set an “overweight” rating for the company in a report on Monday, March 17th. Jefferies Financial Group boosted 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. Royal Bank of Canada raised their target price on WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 12th. Finally, Stephens boosted their price target on WESCO International from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th.

WESCO International Stock Performance

Shares of WESCO International stock opened at $162.28 on Monday. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 1.45 and a beta of 2.00. WESCO International has a twelve month low of $143.06 and a twelve month high of $216.17. The company’s fifty day moving average is $176.32 and its 200 day moving average is $182.82. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.02.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported $3.16 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.07). WESCO International had a net margin of 3.29% and a return on equity of 13.63%. Sell-side analysts forecast that WESCO International will post 13.3 EPS for the current year.

WESCO International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.4538 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from WESCO International’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, March 14th. WESCO International’s dividend payout ratio (DPR) is 13.85%.

Institutional Investors Weigh In On WESCO International

A number of institutional investors and hedge funds have recently made changes to their positions in WCC. V Square Quantitative Management LLC increased its holdings in WESCO International by 39.9% during the 4th quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company’s stock worth $43,000 after purchasing an additional 67 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in WESCO International by 43.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company’s stock worth $48,000 after buying an additional 81 shares in the last quarter. GAMMA Investing LLC raised its position in WESCO International by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock valued at $68,000 after buying an additional 75 shares during the last quarter. Millstone Evans Group LLC bought a new position in WESCO International during the 4th quarter valued at $122,000. Finally, Raiffeisen Bank International AG bought a new stake in shares of WESCO International in the 4th quarter worth $180,000. Institutional investors and hedge funds own 93.76% of the company’s stock.

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).