WESCO International (NYSE:WCC) Cut to Hold at Zacks Research

Key Points

• Zacks Research downgraded WESCO International to “hold” from “strong buy,” although the broader analyst consensus remains “Moderate Buy,” with seven Buy ratings and one Hold rating.
• Other analysts remain bullish, raising price targets as high as $437–$435; the consensus price target is $402.83 versus WESCO’s reported opening price of $341.95.
• WESCO’s latest quarterly results exceeded expectations, with EPS of $4.57 versus $3.98 expected and revenue of $6.67 billion, up 13% year over year.

WESCO International (NYSE:WCC - Get Free Report) was downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Monday, Zacks reports.

Several other analysts have also weighed in on the stock. Royal Bank Of Canada boosted 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. Barclays raised their price target on shares of WESCO International from $390.00 to $437.00 and gave the stock an "overweight" rating in a research report on Monday, October 12th. Stephens raised shares of WESCO International from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $350.00 to $400.00 in a report on Tuesday, July 14th. Wall Street Zen lowered shares of WESCO International from a "buy" rating to a "hold" rating in a report on Sunday, July 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 research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $402.83.

WESCO International Trading Down 0.0%

NYSE:WCC opened at $341.95 on Monday. The company has a market cap of $16.66 billion, a PE ratio of 23.63, a P/E/G ratio of 2.04 and a beta of 1.54. The business's 50 day moving average is $353.14 and its two-hundred day moving average is $343.67. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. WESCO International has a 52 week low of $213.48 and a 52 week high of $388.64.

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

Insider Activity at WESCO International

In related news, EVP Akash Khurana sold 3,400 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the completion of the transaction, the executive vice president directly owned 27,404 shares in the company, valued at $10,051,239.12. This represents a 11.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel J. Castillo bought 960 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was bought at an average cost of $365.89 per share, for a total transaction of $351,254.40. Following the completion of the transaction, the executive vice president directly owned 16,305 shares of the company's stock, valued at $5,965,836.45. This trade represents a 6.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.60% of the company's stock.

Hedge Funds Weigh In On WESCO International

Institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC grew its stake in shares of WESCO International by 28.8% in the second quarter. Sequoia Financial Advisors LLC now owns 23,336 shares of the technology company's stock worth $8,061,000 after purchasing an additional 5,224 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of WESCO International during the second quarter valued at about $8,338,000. BlackRock Inc. bought a new stake in shares of WESCO International during the second quarter valued at about $3,094,634,000. Bank of America Corp DE acquired a new stake in WESCO International in the second quarter worth about $296,304,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in WESCO International in the second quarter worth about $2,243,000. Institutional investors own 93.75% of the company's stock.

WESCO International Company Profile

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.

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