WESCO International (NYSE:WCC - Free Report) had its target price lifted by Royal Bank of Canada from $212.00 to $213.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a sector perform rating on the technology company's stock.
A number of other analysts have also recently issued reports on WCC. Robert W. Baird increased their price objective on WESCO International from $215.00 to $223.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Baird R W raised WESCO International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 16th. StockNews.com upgraded WESCO International from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Oppenheimer upped their target price on WESCO International from $205.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, KeyCorp upped their target price on WESCO International from $225.00 to $245.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, WESCO International has an average rating of "Moderate Buy" and an average price target of $217.63.
View Our Latest Report on WESCO International
WESCO International Stock Performance
Shares of NYSE WCC traded up $3.17 during trading on Wednesday, reaching $196.84. 467,525 shares of the stock traded hands, compared to its average volume of 561,363. WESCO International has a 52-week low of $141.02 and a 52-week high of $216.17. 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 of $186.64 and a 200-day moving average of $179.98. The stock has a market capitalization of $9.65 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 1.34 and a beta of 2.01.
WESCO International (NYSE:WCC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported $3.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.23 by ($0.07). WESCO International had a return on equity of 13.19% and a net margin of 3.19%. Analysts forecast that WESCO International will post 12.3 EPS for the current fiscal year.
WESCO International Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Friday, December 13th. WESCO International's payout ratio is presently 12.62%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd lifted its stake in shares of WESCO International by 5.5% in the 4th quarter. Covestor Ltd now owns 1,198 shares of the technology company's stock valued at $216,000 after purchasing an additional 62 shares during the period. V Square Quantitative Management LLC raised its stake in WESCO International by 39.9% during the fourth quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company's stock valued at $43,000 after buying an additional 67 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in WESCO International by 1.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,335 shares of the technology company's stock valued at $728,000 after buying an additional 71 shares during the last quarter. GAMMA Investing LLC raised its stake in WESCO International by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 375 shares of the technology company's stock valued at $68,000 after buying an additional 75 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of WESCO International by 43.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company's stock worth $48,000 after purchasing an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 93.76% of the company's stock.
WESCO International Company Profile
(
Get Free Report)
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).
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