Shares of WESCO International, Inc. (NYSE:WCC – Get Free Report) have earned an average rating of “Buy” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $321.3750.
A number of equities research analysts recently weighed in on WCC shares. KeyCorp boosted their price objective on shares of WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Barclays lifted their target price on WESCO International from $313.00 to $375.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Stephens lifted their target price on WESCO International from $275.00 to $350.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada lifted their target price on WESCO International from $352.00 to $411.00 and gave the company an “outperform” rating in a research note on Friday, May 1st.
Check Out Our Latest Research Report on WESCO International
Insider Buying and Selling
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Cornerstone Planning Group LLC grew its position in WESCO International by 92.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after purchasing an additional 51 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in WESCO International by 166.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after purchasing an additional 83 shares during the last quarter. Rothschild Investment LLC grew its position in WESCO International by 788.2% in the 3rd 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. Torren Management LLC bought a new position in WESCO International in the 4th quarter worth about $32,000. Finally, Hilton Head Capital Partners LLC bought a new position in WESCO International in the 4th quarter worth about $39,000. Institutional investors own 93.75% of the company’s stock.
WESCO International Price Performance
Shares of NYSE WCC opened at $353.80 on Friday. WESCO International has a twelve month low of $171.36 and a twelve month high of $377.90. The company has a current ratio of 2.12, a quick ratio of 1.22 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $17.23 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 2.30 and a beta of 1.53. The business has a 50 day simple moving average of $328.27 and a 200-day simple moving average of $292.73.
WESCO International (NYSE:WCC – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.49. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The business had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.86 billion. During the same period in the previous year, the business earned $2.21 EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. As a group, equities research analysts expect that WESCO International will post 15.9 earnings per share for the current year.
WESCO International Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, June 12th. WESCO International’s payout ratio is presently 14.21%.
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.
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