WESCO International (WCC) – Investment Analysts’ Recent Ratings Updates
A number of research firms have changed their ratings and price targets for WESCO International (NYSE: WCC):
- 10/6/2017 – WESCO International had its price target raised by analysts at Wells Fargo & Company from $65.00 to $67.00. They now have an “outperform” rating on the stock.
- 10/4/2017 – WESCO International had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $56.00 price target on the stock.
- 10/2/2017 – 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. Year to date, 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.”
- 10/2/2017 – WESCO International had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $70.00 price target on the stock, up previously from $68.00.
Shares of WESCO International, Inc. (NYSE:WCC) opened at 57.90 on Thursday. WESCO International, Inc. has a 52-week low of $48.95 and a 52-week high of $76.15. The firm has a 50-day moving average of $54.59 and a 200 day moving average of $58.34. The firm has a market cap of $2.78 billion, a PE ratio of 27.45 and a beta of 1.80.
WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.04. WESCO International had a return on equity of 9.11% and a net margin of 1.41%. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the firm posted $1.02 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. On average, equities analysts predict that WESCO International, Inc. will post $3.74 earnings per share for the current year.
In other news, CFO David S. Schulz acquired 4,000 shares of the stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $51.57 per share, with a total value of $206,280.00. Following the completion of the purchase, the chief financial officer now directly owns 9,000 shares of the company’s stock, valued at approximately $464,130. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.90% of the company’s stock.
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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