Shares of WESCO International, Inc. (NYSE:WCC) have received an average rating of “Buy” from the seventeen ratings firms that are covering the firm. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $70.60.

WCC has been the topic of a number of recent research reports. Barclays PLC set a $65.00 price objective on WESCO International and gave the stock a “hold” rating in a research report on Thursday, January 26th. Zacks Investment Research upgraded shares of WESCO International from a “strong sell” rating to a “hold” rating in a research note on Monday, January 30th. TheStreet upgraded shares of WESCO International from a “c” rating to a “b-” rating in a research note on Tuesday, March 7th. Credit Suisse Group AG reiterated a “buy” rating and set a $83.00 target price on shares of WESCO International in a research note on Thursday, March 16th. Finally, Raymond James Financial, Inc. upgraded shares of WESCO International from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research note on Wednesday, April 19th.

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Shares of WESCO International (NYSE:WCC) traded up 0.81% on Monday, reaching $62.50. The company had a trading volume of 15,873 shares. WESCO International has a 1-year low of $49.67 and a 1-year high of $76.15. The stock has a market capitalization of $3.05 billion, a P/E ratio of 29.72 and a beta of 1.69. The company’s 50 day moving average price is $64.95 and its 200-day moving average price is $67.39.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, April 27th. The technology company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. WESCO International had a return on equity of 9.49% and a net margin of 1.38%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the company earned $0.77 earnings per share. The company’s revenue was down .2% on a year-over-year basis. Equities analysts predict that WESCO International will post $3.85 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Rhumbline Advisers raised its stake in shares of WESCO International by 8.0% in the third quarter. Rhumbline Advisers now owns 35,966 shares of the technology company’s stock worth $2,212,000 after buying an additional 2,666 shares during the period. California State Teachers Retirement System raised its position in shares of WESCO International by 0.9% in the third quarter. California State Teachers Retirement System now owns 92,390 shares of the technology company’s stock worth $5,681,000 after buying an additional 800 shares during the period. Panagora Asset Management Inc. raised its position in shares of WESCO International by 2.9% in the third quarter. Panagora Asset Management Inc. now owns 263,950 shares of the technology company’s stock worth $16,230,000 after buying an additional 7,462 shares during the period. Russell Investments Group Ltd. bought a new position in shares of WESCO International during the fourth quarter worth $34,814,000. Finally, Frontier Capital Management Co. LLC raised its position in shares of WESCO International by 23.4% in the fourth quarter. Frontier Capital Management Co. LLC now owns 379,977 shares of the technology company’s stock worth $25,287,000 after buying an additional 72,051 shares during the period.

WESCO International Company Profile

WESCO International, Inc is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services.

12 Month Chart for NYSE:WCC

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