Barclays Capital Increases Wesco International Price Target to $85.00 (WCC)
Research analysts at Barclays Capital lifted their price target on shares of Wesco International (NYSE:WCC) from $79.00 to $85.00 in a report released on Monday, AnalystRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s price objective indicates a potential upside of 9.49% from the company’s current price.
A number of other firms have also recently commented on WCC. Analysts at Robert W. Baird raised their price target on shares of Wesco International from $80.00 to $88.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Wunderlich reiterated a “buy” rating on shares of Wesco International in a research note to investors on Tuesday, September 17th. They now have a $94.00 price target on the stock. Finally, analysts at MKM Partners raised their price target on shares of Wesco International from $83.00 to $86.00 in a research note to investors on Tuesday, September 17th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. Wesco International currently has a consensus rating of “Hold” and a consensus price target of $76.85.
Wesco International (NYSE:WCC) traded down 0.52% on Monday, hitting $77.23. 145,819 shares of the company’s stock traded hands. Wesco International has a one year low of $55.02 and a one year high of $80.30. The stock has a 50-day moving average of $76.28 and a 200-day moving average of $72.96. The company has a market cap of $3.412 billion and a P/E ratio of 16.76.
Wesco International (NYSE:WCC) last issued its quarterly 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 previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis.
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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