Stephens Boosts WESCO International (NYSE:WCC) Price Target to $205.00

WESCO International (NYSE:WCC - Get Free Report) had its price target lifted by investment analysts at Stephens from $190.00 to $205.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an "overweight" rating on the technology company's stock. Stephens' target price indicates a potential upside of 9.15% from the company's previous close.

A number of other equities analysts have also commented on WCC. KeyCorp raised their price objective on WESCO International from $195.00 to $225.00 and gave the stock an "overweight" rating in a research note on Friday. Royal Bank of Canada boosted their price target on WESCO International from $186.00 to $199.00 and gave the company a "sector perform" rating in a research note on Friday. Oppenheimer increased their price objective on shares of WESCO International from $205.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday. StockNews.com raised shares of WESCO International from a "hold" rating to a "buy" rating in a report on Monday. Finally, Loop Capital lifted their price objective on shares of WESCO International from $190.00 to $210.00 and gave the company a "buy" rating in a research note on Friday, September 27th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $208.86.

WESCO International Stock Performance

WCC traded up $3.20 during trading on Tuesday, hitting $187.81. The stock had a trading volume of 515,723 shares, compared to its average volume of 700,149. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.29. The company has a 50 day moving average price of $168.53 and a 200-day moving average price of $167.88. WESCO International has a one year low of $132.37 and a one year high of $195.99. The firm has a market cap of $9.23 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 1.55 and a beta of 2.01.

WESCO International (NYSE:WCC - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $3.58 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.36. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The business had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period last year, the firm earned $4.49 earnings per share. WESCO International's revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, research analysts predict that WESCO International will post 12.12 EPS for the current year.

Insider Activity

In other WESCO International news, Director Steven A. Raymund sold 5,819 shares of the company's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $171.56, for a total value of $998,307.64. Following the completion of the transaction, the director now owns 27,004 shares of the company's stock, valued at $4,632,806.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Nelson John Squires III sold 10,000 shares of the firm's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $190.00, for a total transaction of $1,900,000.00. Following the completion of the transaction, the executive vice president now directly owns 54,621 shares of the company's stock, valued at $10,377,990. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven A. Raymund sold 5,819 shares of WESCO International stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $171.56, for a total value of $998,307.64. Following the transaction, the director now directly owns 27,004 shares in the company, valued at $4,632,806.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WESCO International

A number of institutional investors have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of WESCO International by 71.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the technology company's stock valued at $26,000 after purchasing an additional 69 shares during the period. V Square Quantitative Management LLC acquired a new stake in WESCO International in the third quarter valued at approximately $28,000. GAMMA Investing LLC raised its position in shares of WESCO International by 65.4% during the second quarter. GAMMA Investing LLC now owns 253 shares of the technology company's stock worth $40,000 after purchasing an additional 100 shares during the period. UMB Bank n.a. lifted its holdings in shares of WESCO International by 18.3% in the 3rd quarter. UMB Bank n.a. now owns 633 shares of the technology company's stock worth $106,000 after purchasing an additional 98 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in WESCO International in the 2nd quarter valued at $152,000. 93.76% of the stock is owned by institutional investors.

WESCO International Company Profile

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).