Wesco International Stock Rating Reaffirmed by Wunderlich (WCC)
Wesco International (NYSE:WCC)‘s stock had its “buy” rating reiterated by stock analysts at Wunderlich in a report issued on Monday, Analyst Ratings.Net reports. They currently have a $94.00 price target on the stock. Wunderlich’s price target would suggest a potential upside of 21.09% from the stock’s previous close.
Wesco International (NYSE:WCC) traded down 0.30% during mid-day trading on Monday, hitting $77.40. The stock had a trading volume of 171,995 shares. Wesco International has a 52-week low of $55.02 and a 52-week 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 $3.419 billion and a price-to-earnings ratio of 16.76.
Wesco International (NYSE:WCC) last announced its earnings results 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.
A number of other analysts have also recently weighed in on WCC. Analysts at Barclays Capital raised their price target on shares of Wesco International from $79.00 to $85.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, 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. 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 analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Wesco International has a consensus rating of “Hold” and a consensus target price of $76.85.
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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