WESCO International (NYSE:WCC) Price Target Raised to $205.00 at KeyCorp

WESCO International (NYSE:WCC - Get Free Report) had its price objective lifted by equities researchers at KeyCorp from $190.00 to $205.00 in a report released on Friday, Benzinga reports. The firm currently has an "overweight" rating on the technology company's stock. KeyCorp's price objective points to a potential upside of 22.24% from the stock's previous close.

Several other research firms also recently commented on WCC. Royal Bank of Canada decreased their price objective on shares of WESCO International from $176.00 to $172.00 and set a "sector perform" rating on the stock in a report on Friday. Robert W. Baird reduced their target price on shares of WESCO International from $203.00 to $170.00 and set an "outperform" rating for the company in a research report on Wednesday, February 14th. JPMorgan Chase & Co. dropped their price objective on shares of WESCO International from $180.00 to $175.00 and set an "overweight" rating for the company in a research note on Friday, March 15th. Oppenheimer boosted their price target on WESCO International from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday. Finally, StockNews.com cut WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, WESCO International currently has a consensus rating of "Moderate Buy" and an average target price of $188.67.

WESCO International Trading Up 1.6 %

WCC stock traded up $2.62 during midday trading on Friday, hitting $167.70. 754,877 shares of the company's stock were exchanged, compared to its average volume of 609,629. WESCO International has a one year low of $121.90 and a one year high of $195.43. The stock's fifty day moving average price is $160.82 and its 200-day moving average price is $159.55. The company has a market cap of $8.54 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.09 and a beta of 2.07. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.42 and a current ratio of 2.48.

WESCO International (NYSE:WCC - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The technology company reported $2.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.13). The company had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.30 billion. WESCO International had a return on equity of 17.01% and a net margin of 3.42%. The firm's revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $3.75 EPS. Research analysts predict that WESCO International will post 14.14 earnings per share for the current fiscal year.

Insider Transactions at WESCO International

In other news, EVP James Cameron sold 5,352 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $156.39, for a total transaction of $836,999.28. Following the transaction, the executive vice president now owns 33,595 shares of the company's stock, valued at approximately $5,253,922.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other WESCO International news, EVP James Cameron sold 5,352 shares of WESCO International stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $156.39, for a total transaction of $836,999.28. Following the completion of the transaction, the executive vice president now owns 33,595 shares in the company, valued at approximately $5,253,922.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nelson John Squires III sold 3,490 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $190.00, for a total value of $663,100.00. Following the completion of the sale, the executive vice president now directly owns 54,385 shares of the company's stock, valued at $10,333,150. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company's stock.

Institutional Investors Weigh In On WESCO International

A number of hedge funds have recently made changes to their positions in WCC. Rise Advisors LLC purchased a new stake in WESCO International in the 1st quarter worth about $26,000. KB Financial Partners LLC raised its holdings in shares of WESCO International by 76.8% in the 3rd quarter. KB Financial Partners LLC now owns 198 shares of the technology company's stock valued at $28,000 after acquiring an additional 86 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of WESCO International in the fourth quarter worth approximately $48,000. GAMMA Investing LLC purchased a new stake in WESCO International in the fourth quarter valued at approximately $56,000. Finally, Richelieu Gestion SA bought a new stake in WESCO International during the fourth quarter valued at approximately $122,000. 93.76% of the stock is currently owned by institutional investors.

WESCO International Company Profile

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).

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