Wesco International PT Raised to $88.00 (WCC)
Investment analysts at Barclays hoisted their price target on shares of Wesco International (NYSE:WCC) from $85.00 to $88.00 in a note issued to investors on Friday, AR Network reports. The firm currently has an “overweight” rating on the stock. Barclays’ price objective points to a potential upside of 7.70% from the stock’s previous close.
WCC has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Citigroup Inc. upgraded shares of Wesco International from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, January 8th. They now have a $107.00 price target on the stock, up previously from $80.00. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus 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. The stock had a trading volume of 259,163 shares. 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 P/E ratio of 17.36.
Wesco International (NYSE:WCC) last posted its quarterly 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.