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

WESCO International (NYSE:WCC) had its price target upped by stock analysts at KeyCorp from $300.00 to $304.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. KeyCorp’s target price would indicate a potential upside of 5.64% from the stock’s current price.

WCC has been the topic of several other research reports. Royal Bank Of Canada upgraded shares of WESCO International from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $262.00 to $302.00 in a research note on Wednesday, November 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of WESCO International in a research note on Wednesday, January 21st. Barclays lifted their price objective on WESCO International from $274.00 to $302.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Wall Street Zen downgraded WESCO International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, JPMorgan Chase & Co. raised their target price on shares of WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a report on Friday, January 16th. 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $266.00.

WESCO International Stock Performance

WCC opened at $287.78 on Monday. The company has a 50 day simple moving average of $265.25 and a two-hundred day simple moving average of $236.23. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.09 and a quick ratio of 1.20. The firm has a market cap of $14.00 billion, a P/E ratio of 22.57, a PEG ratio of 1.82 and a beta of 1.45. WESCO International has a 1-year low of $125.21 and a 1-year high of $291.01.

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

Insiders Place Their Bets

In other news, CAO Matthew S. Kulasa sold 790 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $253.18, for a total value of $200,012.20. Following the completion of the sale, the chief accounting officer owned 3,320 shares in the company, valued at approximately $840,557.60. The trade was a 19.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christine Ann Wolf sold 4,685 shares of WESCO International stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $259.52, for a total transaction of $1,215,851.20. Following the transaction, the executive vice president directly owned 30,195 shares in the company, valued at approximately $7,836,206.40. The trade was a 13.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 17,036 shares of company stock worth $4,385,254. 3.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WESCO International

A number of institutional investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. boosted its holdings in shares of WESCO International by 166.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after buying an additional 83 shares in the last quarter. Rothschild Investment LLC grew its holdings in WESCO International by 788.2% in the third quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock worth $32,000 after purchasing an additional 134 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of WESCO International during the 3rd quarter valued at $37,000. First Horizon Advisors Inc. boosted its position in shares of WESCO International by 129.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock worth $43,000 after purchasing an additional 131 shares in the last quarter. Finally, Rossby Financial LCC grew its stake in WESCO International by 117.4% during the 3rd quarter. Rossby Financial LCC now owns 200 shares of the technology company’s stock worth $43,000 after buying an additional 108 shares during the last quarter. Institutional investors 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.