WESCO International, Inc. (NYSE:WCC) Receives $215.88 Consensus Target Price from Brokerages

WESCO International, Inc. (NYSE:WCC - Get Free Report) has received a consensus rating of "Buy" from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research 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 1-year price objective among analysts that have updated their coverage on the stock in the last year is $217.63.

A number of brokerages have recently weighed in on WCC. StockNews.com upgraded WESCO International from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Robert W. Baird lifted their price target on shares of WESCO International from $215.00 to $223.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Oppenheimer boosted their price objective on shares of WESCO International from $205.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Stephens raised their target price on shares of WESCO International from $190.00 to $205.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Finally, Baird R W upgraded shares of WESCO International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 16th.

WESCO International Trading Up 2.5 %

NYSE:WCC traded up $4.80 during midday trading on Friday, reaching $193.22. 1,341,338 shares of the stock traded hands, compared to its average volume of 697,650. The stock has a market capitalization of $9.47 billion, a P/E ratio of 15.47, a PEG ratio of 1.34 and a beta of 2.01. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.29 and a current ratio of 2.21. The company has a fifty day moving average of $187.50 and a 200 day moving average of $179.56. WESCO International has a 12 month low of $132.37 and a 12 month high of $216.17.

WESCO International (NYSE:WCC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported $3.16 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.07). WESCO International had a net margin of 3.19% and a return on equity of 13.19%. On average, research analysts predict that WESCO International will post 12.3 EPS for the current year.

WESCO International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 0.85%. The ex-dividend date was Friday, December 13th. WESCO International's payout ratio is currently 13.21%.

Hedge Funds Weigh In On WESCO International

A number of institutional investors and hedge funds have recently made changes to their positions in WCC. V Square Quantitative Management LLC bought a new position in WESCO International during the 3rd quarter valued at approximately $28,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of WESCO International by 43.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company's stock worth $48,000 after acquiring an additional 81 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 75 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of WESCO International by 18.3% during the third quarter. UMB Bank n.a. now owns 633 shares of the technology company's stock valued at $106,000 after acquiring an additional 98 shares in the last quarter. Finally, Millstone Evans Group LLC purchased a new position in shares of WESCO International in the 4th quarter worth about $122,000. Institutional investors own 93.76% of the company's stock.

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).