WESCO International, Inc. (NYSE:WCC)‘s stock had its “outperform” rating restated by equities researchers at Wells Fargo & Company in a research report issued to clients and investors on Wednesday, July 12th. They currently have a $70.00 price objective on the technology company’s stock, down from their prior price objective of $84.00. Wells Fargo & Company’s price objective points to a potential upside of 34.23% from the stock’s previous close.

A number of other analysts have also recently issued reports on the company. Zacks Investment Research raised WESCO International from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Tuesday, March 28th. TheStreet lowered WESCO International from a “b-” rating to a “c” rating in a research note on Wednesday, June 14th. BidaskClub lowered WESCO International from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 21st. Raymond James Financial, Inc. upgraded WESCO International from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research note on Wednesday, April 19th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $83.00 price target on shares of WESCO International in a research note on Thursday, March 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $68.19.

Shares of WESCO International (WCC) traded down 0.19% during mid-day trading on Wednesday, reaching $52.15. 507,590 shares of the company’s stock traded hands. The company has a market capitalization of $2.54 billion, a P/E ratio of 24.72 and a beta of 1.77. WESCO International has a 1-year low of $49.05 and a 1-year high of $76.15. The firm has a 50-day moving average price of $55.63 and a 200-day moving average price of $64.09.

WESCO International (NYSE:WCC) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.98 by $0.04. WESCO International had a return on equity of 9.19% and a net margin of 1.41%. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the prior year, the firm posted $1.02 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts forecast that WESCO International will post $3.75 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of WCC. Tyers Asset Management LLC raised its stake in shares of WESCO International by 173.8% in the first quarter. Tyers Asset Management LLC now owns 8,848 shares of the technology company’s stock worth $615,000 after buying an additional 5,616 shares in the last quarter. Elkfork Partners LLC raised its stake in shares of WESCO International by 173.8% in the first quarter. Elkfork Partners LLC now owns 12,166 shares of the technology company’s stock worth $846,000 after buying an additional 7,722 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of WESCO International by 110.7% in the fourth quarter. Teachers Advisors LLC now owns 267,333 shares of the technology company’s stock worth $17,791,000 after buying an additional 140,427 shares in the last quarter. Norges Bank acquired a new position in WESCO International during the fourth quarter valued at about $29,213,000. Finally, Parametric Portfolio Associates LLC raised its position in WESCO International by 5.6% in the first quarter. Parametric Portfolio Associates LLC now owns 166,246 shares of the technology company’s stock valued at $11,562,000 after buying an additional 8,852 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

WESCO International Company Profile

WESCO International, Inc is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services.

Analyst Recommendations for WESCO International (NYSE:WCC)

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