Analysts Set WESCO International, Inc. (NYSE:WCC) Price Target at $215.88

WESCO International, Inc. (NYSE:WCC) has been given an average recommendation of “Buy” by the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $217.63.

WCC has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price objective on WESCO International from $212.00 to $213.00 and gave the company a “sector perform” rating in a research report on Wednesday. Oppenheimer raised their price objective on WESCO International from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday. Jefferies Financial Group increased their price target on shares of WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Stephens increased their price target on shares of WESCO International from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th.

Institutional Trading of WESCO International

Several institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in WESCO International by 3.0% in the third quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock worth $128,143,000 after purchasing an additional 22,080 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in WESCO International by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 403,216 shares of the technology company’s stock worth $72,966,000 after purchasing an additional 10,016 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in 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 purchasing an additional 199,975 shares during the last quarter. Davis Selected Advisers lifted its stake in WESCO International by 0.4% in the fourth quarter. Davis Selected Advisers now owns 256,987 shares of the technology company’s stock worth $46,504,000 after purchasing an additional 967 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of WESCO International by 62.9% during the fourth quarter. Russell Investments Group Ltd. now owns 215,002 shares of the technology company’s stock valued at $38,906,000 after acquiring an additional 83,031 shares in the last quarter. Institutional investors own 93.76% of the company’s stock.

WESCO International Trading Up 1.6 %

Shares of WCC stock opened at $196.84 on Friday. The firm has a market capitalization of $9.65 billion, a PE ratio of 15.76, a PEG ratio of 1.34 and a beta of 2.01. The stock has a fifty day simple moving average of $186.64 and a two-hundred day simple moving average of $179.98. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.29 and a current ratio of 2.21. WESCO International has a 52-week low of $141.02 and a 52-week high of $216.17.

WESCO International (NYSE:WCC) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported $3.16 earnings per share for the quarter, missing analysts’ consensus estimates 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, analysts predict that WESCO International will post 12.3 EPS for the current fiscal year.

WESCO International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 0.84%. The ex-dividend date was Friday, December 13th. WESCO International’s payout ratio 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).