WESCO International (NYSE:WCC) Stock Gets Price Target Increase from Barclays

Key Points

• Barclays raised its WESCO International price target from $390 to $437 and maintained an “overweight” rating, implying approximately 21% upside from the prior close.
• Analyst sentiment is broadly positive: WESCO has an average “Buy” rating and a consensus price target of $402, with recent upgrades from several firms.
• WESCO reported quarterly adjusted EPS of $4.57, exceeding estimates of $3.98, while revenue rose 13% year over year to $6.67 billion. Institutional investors own approximately 93.75% of the company’s shares.

WESCO International (NYSE:WCC - Get Free Report) had its target price upped by equities researchers at Barclays from $390.00 to $437.00 in a research report issued on Monday, Benzinga reports. The firm presently has an "overweight" rating on the technology company's stock. Barclays's price objective suggests a potential upside of 21.04% from the stock's previous close.

Several other analysts have also recently commented on WCC. Royal Bank Of Canada raised their price target on WESCO International from $421.00 to $430.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Zacks Research upgraded WESCO International from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 3rd. DA Davidson initiated coverage on WESCO International in a report on Tuesday, June 16th. They set a "buy" rating and a $440.00 price objective on the stock. Weiss Ratings upgraded WESCO International from a "hold (c+)" rating to a "buy (b)" rating in a research report on Thursday. Finally, Stephens upgraded WESCO International from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $350.00 to $400.00 in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat, WESCO International has an average rating of "Buy" and a consensus price target of $402.00.

WESCO International Stock Performance

Shares of WESCO International stock traded down $4.66 on Monday, reaching $361.03. 273,342 shares of the stock were exchanged, compared to its average volume of 595,088. The firm has a market capitalization of $17.59 billion, a PE ratio of 24.96, a PEG ratio of 2.18 and a beta of 1.54. WESCO International has a 1-year low of $207.39 and a 1-year high of $388.64. The business has a fifty day moving average price of $355.65 and a two-hundred day moving average price of $339.75. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13.

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

Insiders Place Their Bets

In other WESCO International news, Director Laura K. Thompson sold 270 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total value of $99,481.50. Following the completion of the transaction, the director directly owned 10,720 shares of the company's stock, valued at approximately $3,949,784. This trade represents a 2.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Castillo purchased 960 shares of WESCO International stock in a transaction dated Tuesday, August 4th. The shares were bought at an average price of $365.89 per share, with a total value of $351,254.40. Following the completion of the transaction, the executive vice president owned 16,305 shares in the company, valued at approximately $5,965,836.45. This trade represents a 6.26% increase in their position. The SEC filing for this purchase provides additional information. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WESCO International

Several institutional investors have recently modified their holdings of WCC. Bell Investment Advisors Inc purchased a new stake in WESCO International in the 2nd quarter valued at approximately $26,000. Transamerica Financial Advisors LLC purchased a new position in WESCO International during the second quarter worth $27,000. Burkett Financial Services LLC purchased a new position in WESCO International during the third quarter worth $32,000. Jones Financial Companies Lllp acquired a new position in shares of WESCO International in the second quarter worth $36,000. Finally, Elevation Wealth Partners LLC raised its holdings in shares of WESCO International by 70.3% in the third quarter. Elevation Wealth Partners LLC now owns 109 shares of the technology company's stock worth $39,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 93.75% of the company's stock.

WESCO International Company Profile

WESCO International, Inc is a global provider of electrical, communications, utility and supply chain solutions. Through its distribution and service operations, the company supplies products used in commercial, industrial, institutional, utility, data center, broadband and residential markets.

Its product offerings include electrical and electronic components, wire and cable, lighting and controls, network infrastructure, security and safety products, automation equipment, and general industrial supplies.

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