WESCO International (NYSE:WCC) Raised to Buy at Wall Street Zen

WESCO International (NYSE:WCC – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other research firms have also weighed in on WCC. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $350.00 to $400.00 in a research note on Tuesday, July 14th. Royal Bank Of Canada upped their target price on shares of WESCO International from $430.00 to $435.00 and gave the company an “outperform” rating in a research note on Wednesday, October 14th. Zacks Research lowered shares of WESCO International from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. Barclays increased their target price on shares of WESCO International from $390.00 to $437.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. Finally, Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, WESCO International presently has an average rating of “Moderate Buy” and an average target price of $402.83.

View Our Latest Stock Analysis on WCC

WESCO International Trading Down 0.2%

NYSE:WCC opened at $317.36 on Friday. WESCO International has a 1-year low of $219.62 and a 1-year high of $388.64. The business’s 50-day moving average price is $351.18 and its two-hundred day moving average price is $344.76. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $15.46 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 1.90 and a beta of 1.54.

WESCO International (NYSE:WCC – Get Free Report) last issued its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.59. The firm had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, equities analysts expect that WESCO International will post 16.77 earnings per share for the current year.

Insider Activity at WESCO International

In related news, Director Laura K. Thompson sold 270 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the completion of the sale, the director directly owned 10,720 shares of the company’s stock, valued at approximately $3,949,784. This represents a 2.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel J. Castillo bought 960 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the completion of the acquisition, the executive vice president directly owned 16,305 shares in the company, valued at approximately $5,965,836.45. This trade represents a 6.26% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of WESCO International in the 2nd quarter valued at about $3,094,634,000. Bank of America Corp DE bought a new stake in shares of WESCO International in the second quarter valued at about $296,304,000. Bank of New York Mellon Corp acquired a new position in shares of WESCO International during the second quarter worth about $249,503,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of WESCO International during the second quarter worth about $175,189,000. Finally, Nykredit A S bought a new position in shares of WESCO International during the second quarter worth about $154,034,000. Institutional investors own 93.75% of the company’s stock.

WESCO International Company Profile

(Get Free Report)

WESCO International, Inc is a business-to-business provider of electrical, communications, security, and supply chain solutions. The company distributes products used in electrical and electronic systems, including wire and cable, lighting, circuit protection, automation and control equipment, data communications infrastructure, security products, and other electrical and industrial supplies.

WESCO serves a broad range of customers, including electrical and data communications contractors, industrial companies, original equipment manufacturers, utilities, commercial and institutional businesses, government entities, and telecommunications providers.

Further Reading

Analyst Recommendations for WESCO International (NYSE:WCC)

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