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.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.09. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.93 billion. WESCO International had a return on equity of 9.11% and a net margin of 2.52%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 EPS. research analysts forecast that WESCO International will post 3.87 earnings per share for the current fiscal year.

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.

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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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Analyst Recommendations for WESCO International (NYSE:WCC)

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