WESCO International (NYSE:WCC) Stock Rating Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded WESCO International to “Buy” from “Hold.” The broader analyst consensus is “Moderate Buy,” with seven Buy ratings, one Hold rating, and an average price target of $402.83.
• WESCO reported quarterly EPS of $4.57, beating estimates of $3.98, while revenue reached $6.67 billion versus the $6.44 billion consensus and rose 13% year over year.
• Institutional investors own 93.75% of WESCO’s shares, with BlackRock, Bank of America, and Bank of New York Mellon among those establishing significant new positions; two company insiders also recently sold shares.

WESCO International (NYSE:WCC - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other equities analysts have also recently weighed in on WCC. Weiss Ratings raised WESCO International from a "hold (c+)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Barclays raised their price objective on shares of WESCO International from $390.00 to $437.00 and gave the company an "overweight" rating in a report on Monday, October 12th. Stephens upgraded WESCO International from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $350.00 to $400.00 in a research report on Tuesday, July 14th. Royal Bank Of Canada boosted their price target on shares of WESCO International from $430.00 to $435.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 14th. Finally, Zacks Research lowered WESCO International from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 19th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $402.83.

WESCO International Price Performance

NYSE:WCC opened at $317.36 on Friday. The firm has a market cap of $15.46 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.93 and a beta of 1.54. WESCO International has a 12 month low of $219.62 and a 12 month high of $388.64. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. The company's 50-day moving average price is $351.18 and its two-hundred day moving average price is $344.30.

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

Insider Activity

In other WESCO International news, Director Laura K. Thompson sold 270 shares of the business's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total value of $99,481.50. Following the sale, the director directly owned 10,720 shares of the company's stock, valued at approximately $3,949,784. The trade was a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Akash Khurana sold 3,400 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $366.78, for a total value of $1,247,052.00. Following the transaction, the executive vice president directly owned 27,404 shares in the company, valued at approximately $10,051,239.12. The trade was a 11.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WCC. BlackRock Inc. bought a new stake in WESCO International during the second quarter valued at about $3,094,634,000. Bank of America Corp DE purchased a new position in shares of WESCO International during the second quarter valued at about $296,304,000. Bank of New York Mellon Corp bought a new stake in WESCO International in the 2nd quarter worth approximately $249,503,000. Alyeska Investment Group L.P. grew its stake in shares of WESCO International by 16.2% in the 2nd quarter. Alyeska Investment Group L.P. now owns 653,591 shares of the technology company's stock worth $225,770,000 after buying an additional 91,321 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of WESCO International in the 2nd quarter valued at about $175,189,000. 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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