Wesco International Price Target Cut to $86.00 by Analysts at Janney Montgomery Scott (WCC)
Equities researchers at Janney Montgomery Scott reduced their price objective on shares of Wesco International (NYSE:WCC) from $88.00 to $86.00 in a research report issued on Friday, American Banking and Market News reports. Janney Montgomery Scott’s price target points to a potential upside of 5.25% from the stock’s previous close.
Shares of Wesco International (NYSE:WCC) traded down 0.18% during mid-day trading on Friday, hitting $81.56. The stock had a trading volume of 259,163 shares. Wesco International has a one year low of $64.26 and a one year high of $94.75. The stock has a 50-day moving average of $89.56 and a 200-day moving average of $81.07. The company has a market cap of $3.605 billion and a price-to-earnings ratio of 17.36.
Wesco International (NYSE:WCC) last posted its quarterly earnings results on Friday, January 31st. The company reported $1.26 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.32 by $0.06. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. On average, analysts predict that Wesco International will post $5.12 earnings per share for the current fiscal year.
A number of other firms have also recently commented on WCC. Analysts at Barclays raised their price target on shares of Wesco International from $85.00 to $88.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at Wunderlich raised their price target on shares of Wesco International from $94.00 to $110.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Wesco International in a research note to investors on Thursday, January 9th. They now have a $95.00 price target on the stock. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Wesco International currently has a consensus rating of “Buy” and an average price target of $90.00.
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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