Wesco International Inc. Hits New 52-Week High at $79.74 (WCC)
Shares of Wesco International (NYSE:WCC) hit a new 52-week high during mid-day trading on Thursday, Analyst Ratings Network reports. The stock traded as high as $79.74 and last traded at $78.57, with a volume of 367,982 shares trading hands. The stock had previously closed at $78.51.
WCC has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Wesco International (NYSE:WCC) in a research note to investors on Monday, July 29th. They now have a $78.00 price target on the stock. Separately, analysts at Wunderlich upgraded shares of Wesco International (NYSE:WCC) from a “hold” rating to a “buy” rating in a research note to investors on Monday, July 29th. They now have a $94.00 price target on the stock, up previously from $79.00. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Wesco International (NYSE:WCC) from $80.00 to $83.00 in a research note to investors on Friday, July 26th.
One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $75.17.
Wesco International has a 1-year low of $55.02 and a 1-year high of $79.20. The stock has a 50-day moving average of $74.94 and a 200-day moving average of $72.65. The company has a market cap of $3.461 billion and a price-to-earnings ratio of 16.95.
Wesco International (NYSE:WCC) last released its earnings data on Thursday, July 25th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by $0.12. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, analysts predict that Wesco International will post $5.21 earnings per share for the current fiscal year.
WESCO International, Inc (NYSE:WCC) is a distributor of products and provider of supply chain management and logistics services used primarily in industrial, construction, utility and commercial, institutional and government (CIG) markets.
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