WESCO International (NYSE:WCC) Stock Price Expected to Rise, Stephens Analyst Says

WESCO International (NYSE:WCC - Free Report) had its price target increased by Stephens from $205.00 to $215.00 in a research report sent to investors on Tuesday,Benzinga reports. Stephens currently has an overweight rating on the technology company's stock.

WCC has been the subject of several other research reports. KeyCorp raised their target price on shares of WESCO International from $225.00 to $245.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Robert W. Baird raised their target price on shares of WESCO International from $215.00 to $223.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Jefferies Financial Group raised their target price on shares of WESCO International from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Oppenheimer raised their target price on shares of WESCO International from $205.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, Royal Bank of Canada lifted their price objective on shares of WESCO International from $212.00 to $213.00 and gave the company a "sector perform" rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $218.88.

WESCO International Stock Down 5.2 %

WCC traded down $10.10 during trading on Tuesday, hitting $182.91. The stock had a trading volume of 1,080,604 shares, compared to its average volume of 691,665. The company has a market capitalization of $8.96 billion, a PE ratio of 13.99, a PEG ratio of 1.48 and a beta of 2.01. WESCO International has a twelve month low of $143.06 and a twelve month high of $216.17. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 2.20. The stock has a 50 day simple moving average of $186.43 and a two-hundred day simple moving average of $181.04.

WESCO International (NYSE:WCC - Get Free Report) last posted its quarterly earnings results 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 13.63% and a net margin of 3.29%. On average, research analysts predict that WESCO International will post 13.3 earnings per share for the current year.

WESCO International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.4125 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.65 annualized dividend and a yield of 0.90%. WESCO International's payout ratio is 12.62%.

Institutional Investors Weigh In On WESCO International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Thompson Siegel & Walmsley LLC raised its stake in shares of WESCO International by 341.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company's stock valued at $43,420,000 after acquiring an additional 199,975 shares during the period. Harbor Capital Advisors Inc. increased its stake in WESCO International by 142.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 30,063 shares of the technology company's stock worth $5,050,000 after buying an additional 17,682 shares during the period. Geode Capital Management LLC increased its stake in WESCO International by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company's stock worth $128,143,000 after buying an additional 22,080 shares during the period. Burns Matteson Capital Management LLC purchased a new stake in WESCO International during the 4th quarter worth approximately $390,000. Finally, EMC Capital Management increased its stake in WESCO International by 580.8% during the 3rd quarter. EMC Capital Management now owns 16,094 shares of the technology company's stock worth $2,703,000 after buying an additional 13,730 shares during the period. 93.76% of the stock is owned by hedge funds and other institutional investors.

About WESCO International

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).