ValuEngine Upgrades WESCO International (WCC) to Buy
WESCO International (NYSE:WCC) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.
WCC has been the topic of several other research reports. Wolfe Research downgraded WESCO International from an “outperform” rating to a “market perform” rating in a report on Friday, October 27th. Zacks Investment Research downgraded WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Wells Fargo & Company boosted their price objective on WESCO International from $65.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, October 6th. Robert W. Baird reiterated a “hold” rating and issued a $56.00 target price on shares of WESCO International in a report on Wednesday, October 4th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $70.00 target price (up previously from $68.00) on shares of WESCO International in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $68.38.
WESCO International (WCC) traded down $0.20 during midday trading on Friday, reaching $65.35. The company’s stock had a trading volume of 220,075 shares, compared to its average volume of 501,978. The company has a current ratio of 2.31, a quick ratio of 1.42 and a debt-to-equity ratio of 0.65. The firm has a market cap of $3,080.00, a P/E ratio of 16.58, a PEG ratio of 1.66 and a beta of 1.95. WESCO International has a 12-month low of $48.95 and a 12-month high of $76.15.
Several institutional investors and hedge funds have recently modified their holdings of WCC. DUPONT CAPITAL MANAGEMENT Corp bought a new stake in WESCO International during the first quarter worth approximately $146,000. Janney Capital Management LLC bought a new stake in WESCO International during the second quarter worth approximately $202,000. D.A. Davidson & CO. boosted its position in WESCO International by 32.0% during the second quarter. D.A. Davidson & CO. now owns 3,572 shares of the technology company’s stock worth $204,000 after purchasing an additional 866 shares during the period. Ronald Blue & Co. LLC bought a new stake in WESCO International during the third quarter worth approximately $210,000. Finally, Comerica Bank bought a new stake in WESCO International during the fourth quarter worth approximately $210,000. Institutional investors own 98.81% 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.
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