Barclays Forecasts Strong Price Appreciation for WESCO International (NYSE:WCC) Stock

WESCO International (NYSE:WCC) had its price target lifted by Barclays from $274.00 to $302.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Barclays‘s target price points to a potential upside of 9.05% from the company’s previous close.

A number of other equities research analysts have also recently commented on WCC. KeyCorp raised their price objective on shares of WESCO International from $258.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Wall Street Zen upgraded shares of WESCO International from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. JPMorgan Chase & Co. lifted their price objective on shares of WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Royal Bank Of Canada raised shares of WESCO International from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $262.00 to $302.00 in a research note on Wednesday, November 19th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of WESCO International in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, WESCO International has an average rating of “Moderate Buy” and a consensus price target of $259.88.

WESCO International Price Performance

Shares of WCC opened at $276.95 on Monday. The business’s 50-day moving average is $259.87 and its two-hundred day moving average is $229.94. The company has a market capitalization of $13.47 billion, a P/E ratio of 21.72, a P/E/G ratio of 1.74 and a beta of 1.45. WESCO International has a fifty-two week low of $125.21 and a fifty-two week high of $279.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.20 and a current ratio of 2.09.

WESCO International (NYSE:WCC) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.17. The business had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $5.91 billion. WESCO International had a return on equity of 13.12% and a net margin of 2.81%.The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.58 EPS. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. Research analysts predict that WESCO International will post 13.3 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Christine Ann Wolf sold 4,685 shares of WESCO International stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $259.52, for a total value of $1,215,851.20. Following the sale, the executive vice president directly owned 30,195 shares of the company’s stock, valued at $7,836,206.40. The trade was a 13.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Diane Lazzaris sold 4,039 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $258.42, for a total value of $1,043,758.38. Following the sale, the executive vice president owned 45,401 shares of the company’s stock, valued at $11,732,526.42. The trade was a 8.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 17,036 shares of company stock worth $4,385,254. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On WESCO International

Several institutional investors and hedge funds have recently added to or reduced their stakes in WCC. Third Avenue Management LLC lifted its stake in shares of WESCO International by 35.6% in the second quarter. Third Avenue Management LLC now owns 20,093 shares of the technology company’s stock worth $3,721,000 after buying an additional 5,271 shares in the last quarter. Regency Capital Management Inc. DE purchased a new stake in WESCO International during the 3rd quarter valued at about $3,215,000. Norman Fields Gottscho Capital Management LLC raised its holdings in WESCO International by 112.7% in the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 13,785 shares of the technology company’s stock valued at $2,916,000 after acquiring an additional 7,303 shares during the last quarter. Pacer Advisors Inc. purchased a new position in WESCO International in the 3rd quarter worth approximately $1,923,000. Finally, Gabelli Funds LLC boosted its holdings in shares of WESCO International by 51.1% during the 2nd quarter. Gabelli Funds LLC now owns 16,390 shares of the technology company’s stock worth $3,035,000 after purchasing an additional 5,540 shares during the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

WESCO International Company Profile

WESCO International, Inc is a leading global distributor of electrical, industrial, communications and utility products, serving a diverse customer base across maintenance, repair and operations (MRO), original equipment manufacturing (OEM) and construction markets. The company offers a comprehensive portfolio of products ranging from power distribution and automation solutions to data communications, security systems and lighting controls. Through an extensive branch network, WESCO provides critical components and value‐added services that help organizations streamline operations and improve reliability in their facilities and infrastructure.

In addition to its broad product offering, WESCO delivers advanced supply chain management and logistics solutions designed to optimize inventory levels, reduce downtime and lower overall procurement costs.