WESCO International, Inc. (NYSE:WCC) Receives Average Recommendation of “Buy” from Brokerages

WESCO International, Inc. (NYSE:WCC) has been assigned an average recommendation of “Buy” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $217.63.

Several research firms have recently weighed in on WCC. Robert W. Baird increased their price objective on WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Oppenheimer increased their price target 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. Royal Bank of Canada raised their price target on WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a report on Wednesday. Stephens raised their price target on WESCO International from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Jefferies Financial Group increased their price objective on WESCO International from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, December 6th.

Institutional Trading of WESCO International

Several hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC acquired a new stake in shares of WESCO International during the 3rd quarter valued at approximately $28,000. Whittier Trust Co. of Nevada Inc. increased its stake in WESCO International by 43.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company’s stock valued at $48,000 after purchasing an additional 81 shares in the last quarter. GAMMA Investing LLC raised its holdings in WESCO International by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock worth $68,000 after purchasing an additional 75 shares during the last quarter. UMB Bank n.a. grew its holdings in WESCO International by 18.3% in the third quarter. UMB Bank n.a. now owns 633 shares of the technology company’s stock valued at $106,000 after purchasing an additional 98 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in WESCO International in the fourth quarter valued at $122,000. 93.76% of the stock is owned by institutional investors and hedge funds.

WESCO International Stock Performance

NYSE WCC opened at $193.63 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.29. WESCO International has a 1 year low of $138.67 and a 1 year high of $216.17. The company has a market capitalization of $9.49 billion, a PE ratio of 15.50, a P/E/G ratio of 1.34 and a beta of 2.01. The company has a fifty day moving average of $186.84 and a two-hundred day moving average of $179.75.

WESCO International (NYSE:WCC) last announced 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 net margin of 3.19% and a return on equity of 13.19%. As a group, analysts expect that WESCO International will post 12.3 earnings per share for the current year.

WESCO International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.4125 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.65 dividend on an annualized basis and a yield of 0.85%. WESCO International’s payout ratio is currently 13.21%.

WESCO International Company Profile

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).