Wesco International Price Target Lowered to $105.00 at BB&T Corp. (WCC)
Investment analysts at BB&T Corp. dropped their price objective on shares of Wesco International (NYSE:WCC) from $115.00 to $105.00 in a note issued to investors on Friday, Analyst RN reports. BB&T Corp.’s price target would indicate a potential upside of 28.50% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Janney Montgomery Scott cut their price target on shares of Wesco International from $88.00 to $86.00 in a research note to investors on Friday. Separately, 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. Finally, 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. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Wesco International currently has an average rating of “Buy” and a consensus price target of $90.00.
Shares of Wesco International (NYSE:WCC) traded down 0.18% during mid-day trading on Friday, hitting $81.56. 259,163 shares of the company’s stock traded hands. Wesco International has a 52-week low of $64.26 and a 52-week 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 announced its earnings results on Friday, January 31st. The company reported $1.26 earnings per share (EPS) for the quarter, missing the 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. Analysts expect that Wesco International will post $5.12 EPS 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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