Equities researchers at Northcoast Research initiated coverage on shares of WESCO International, Inc. (NYSE:WCC) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating and a $70.00 price target on the technology company’s stock. Northcoast Research’s price target would suggest a potential upside of 23.57% from the company’s current price.

Several other brokerages have also recently weighed in on WCC. Zacks Investment Research upgraded WESCO International from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Tuesday, March 28th. Royal Bank Of Canada reiterated a “hold” rating and set a $72.00 price target on shares of WESCO International in a research report on Friday, April 28th. TheStreet cut WESCO International from a “b-” rating to a “c” rating in a research report on Wednesday, June 14th. Credit Suisse Group upped their price target on WESCO International from $70.00 to $76.00 and gave the company an “outperform” rating in a research report on Monday, June 12th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $68.00 price target (up from $65.00) on shares of WESCO International in a research report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $69.25.

WESCO International (NYSE:WCC) traded up 2.21% during trading on Tuesday, reaching $57.90. 81,627 shares of the company were exchanged. WESCO International has a one year low of $51.45 and a one year high of $76.15. The firm’s 50 day moving average price is $57.33 and its 200-day moving average price is $65.02. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 27.53 and a beta of 1.79.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Thursday, April 27th. The technology company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.03. WESCO International had a return on equity of 9.30% and a net margin of 1.41%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the business posted $0.77 earnings per share. The company’s revenue was down .2% on a year-over-year basis. On average, equities research analysts predict that WESCO International will post $3.87 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of WCC. Norges Bank purchased a new stake in shares of WESCO International during the fourth quarter valued at about $29,213,000. Bank of New York Mellon Corp raised its stake in shares of WESCO International by 62.8% in the first quarter. Bank of New York Mellon Corp now owns 414,981 shares of the technology company’s stock valued at $28,862,000 after buying an additional 160,123 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of WESCO International by 110.7% in the fourth quarter. Teachers Advisors LLC now owns 267,333 shares of the technology company’s stock valued at $17,791,000 after buying an additional 140,427 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of WESCO International during the first quarter valued at about $8,096,000. Finally, Pioneer Investment Management Inc. purchased a new stake in shares of WESCO International during the first quarter valued at about $7,655,000. Institutional investors own 95.96% of the company’s stock.

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.

Analyst Recommendations for WESCO International (NYSE:WCC)

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