WESCO International Coverage Initiated at Buckingham Research (WCC)
Research analysts at Buckingham Research initiated coverage on shares of WESCO International (NYSE:WCC) in a report released on Friday. The firm set a “neutral” rating and a $90.00 price target on the stock. Buckingham Research’s price objective indicates a potential upside of 6.22% from the company’s current price.
WESCO International (NYSE:WCC) opened at 84.73 on Friday. WESCO International has a one year low of $73.66 and a one year high of $94.75. The stock has a 50-day moving average of $82.27 and a 200-day moving average of $85.22. The company has a market cap of $3.768 billion and a price-to-earnings ratio of 18.11.
WESCO International (NYSE:WCC) last issued its quarterly earnings data 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.
A number of other analysts have also recently weighed in 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. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. WESCO International currently has an average rating of “Buy” and an average target price of $95.33.
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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