Several analysts have recently updated their ratings and price targets for WESCO International (NYSE: WCC):

  • 8/4/2017 – WESCO International was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Wesco is one of the major distributors of electrical products in the U.S. Over the last one year, the stock has underperformed the industry it belongs to. The company’s second-quarter 2017 beat the Zacks Consensus Estimate while revenues missed the same by a slight margin. WESCO continues with its focus on supply chain process enhancements and cost reduction and supplier consolidations that are helping customers. The company has a comprehensive portfolio of products and services, and a sizable global footprint, which will help drive growth, going forward. However, foreign exchange risk, supplier concentration, a significant debt load and limited liquidity remain concerns.”
  • 8/3/2017 – WESCO International was upgraded by analysts at Standpoint Research from a “hold” rating to a “buy” rating. They now have a $63.00 price target on the stock.
  • 7/31/2017 – WESCO International had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $55.00 price target on the stock, down previously from $67.00.
  • 7/28/2017 – WESCO International was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/28/2017 – WESCO International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Wesco is one of the major distributors of electrical products in the U.S. Over the last one year, the stock has underperformed the Zacks Electronics Parts Distribution industry. WESCO continues with its focus on supply chain process enhancements, cost reduction and supplier consolidations that are helping customers. The company has a comprehensive portfolio of products and services, and a sizable global footprint, which will help drive growth, going forward. However, weakness in commodity-driven end markets and foreign exchange risk will remain headwinds. Supplier concentration, a significant debt load and limited liquidity remain concerns for the long term.”
  • 7/25/2017 – WESCO International is now covered by analysts at Northcoast Research. They set a “buy” rating and a $70.00 price target on the stock.
  • 7/13/2017 – WESCO International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Wesco is one of the major distributors of electrical products in the U.S. Over the last one year, the stock has underperformed the Zacks Electronics Parts Distribution industry. WESCO continues with its focus on supply chain process enhancements, cost reduction and supplier consolidations that are helping customers. The company has a comprehensive portfolio of products and services, and a sizable global footprint, which will help drive growth, going forward. However, weakness in commodity-driven end markets and foreign exchange risk will remain headwinds. Supplier concentration, a significant debt load and limited liquidity remain concerns for the long term.”
  • 7/12/2017 – WESCO International had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 7/12/2017 – WESCO International had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $70.00 price target on the stock, down previously from $84.00.
  • 7/11/2017 – WESCO International is now covered by analysts at Wolfe Research. They set an “outperform” rating and a $66.00 price target on the stock.
  • 7/5/2017 – WESCO International was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/4/2017 – WESCO International was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $64.00 price target on the stock. According to Zacks, “Wesco is one of the major distributors of electrical products in the U.S. Over the last one year, the stock has underperformed the Zacks Electronics Parts Distribution industry. WESCO continues with its focus on supply chain process enhancements, cost reduction and supplier consolidations that are helping customers. The company has a comprehensive portfolio of products and services, and a sizable global footprint, which will help drive growth, going forward. However, weakness in commodity-driven end markets and foreign exchange risk will remain headwinds. Supplier concentration, a significant debt load and limited liquidity remain concerns for the long term.”
  • 6/21/2017 – WESCO International was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/14/2017 – WESCO International was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 6/12/2017 – WESCO International had its price target raised by analysts at Credit Suisse Group from $70.00 to $76.00. They now have an “outperform” rating on the stock.
  • 6/10/2017 – WESCO International was given a new $70.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.

WESCO International, Inc. (NYSE:WCC) traded up 0.58% during trading on Monday, reaching $52.45. 54,583 shares of the company’s stock traded hands. The firm has a market capitalization of $2.56 billion, a PE ratio of 24.86 and a beta of 1.77. WESCO International, Inc. has a 1-year low of $49.05 and a 1-year high of $76.15. The firm has a 50 day moving average of $56.30 and a 200 day moving average of $64.37.

WESCO International (NYSE:WCC) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.91 billion. WESCO International had a net margin of 1.41% and a return on equity of 9.19%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.02 earnings per share. Equities analysts forecast that WESCO International, Inc. will post $3.75 EPS for the current year.

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.

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