WESCO International Receives Consensus Rating of “Buy” from Analysts (NYSE:WCC)
Shares of WESCO International (NYSE:WCC) have received a consensus recommendation of “Buy” from the thirteen ratings firms that are presently covering the company, AR Network reports. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $95.82.
A number of research firms have recently commented on WCC. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of WESCO International in a research note on Monday, July 28th. They now have a $94.00 price target on the stock, down previously from $95.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of WESCO International in a research note on Friday, July 25th. They now have a $93.00 price target on the stock, down previously from $95.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of WESCO International in a research note on Friday, July 25th. They now have a $103.00 price target on the stock, down previously from $105.00.
WESCO International (NYSE:WCC) opened at 83.61 on Wednesday. WESCO International has a 1-year low of $72.89 and a 1-year high of $94.75. The stock has a 50-day moving average of $82.49 and a 200-day moving average of $85.10. The company has a market cap of $3.718 billion and a P/E ratio of 17.98.
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. Analysts expect that WESCO International will post $5.27 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.