WESCO International Given “Buy” Rating at Citigroup Inc. (WCC)
WESCO International (NYSE:WCC)‘s stock had its “buy” rating reaffirmed by Citigroup Inc. in a research note issued on Friday. They currently have a $103.00 target price on the stock, down from their previous target price of $105.00. Citigroup Inc.’s target price indicates a potential upside of 23.60% from the company’s current price.
Shares of WESCO International (NYSE:WCC) traded up 0.18% during mid-day trading on Friday, hitting $83.33. 837,924 shares of the company’s stock traded hands. WESCO International has a one year low of $72.59 and a one year high of $94.75. The stock’s 50-day moving average is $87.22 and its 200-day moving average is $86.21. The company has a market cap of $3.703 billion and a price-to-earnings ratio of 18.01.
WESCO International (NYSE:WCC) last announced its earnings results on Thursday, July 24th. The company reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by $0.06. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts predict that WESCO International will post $5.46 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of WESCO International in a research note on Friday. They now have a $87.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. set a $95.00 price target on shares of WESCO International in a research note on Wednesday, July 9th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $95.91.
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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