WESCO International (NYSE:WCC) Price Target Raised to $200.00

WESCO International (NYSE:WCC - Get Free Report) had its price target boosted by analysts at Loop Capital from $190.00 to $200.00 in a report released on Monday, Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. Loop Capital's price objective would suggest a potential upside of 15.66% from the stock's current price.

WCC has been the subject of several other research reports. Robert W. Baird lowered their price objective on WESCO International from $203.00 to $170.00 and set an "outperform" rating for the company in a research report on Wednesday, February 14th. Oppenheimer raised their price objective on WESCO International from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on WESCO International from $180.00 to $175.00 and set an "overweight" rating for the company in a research report on Friday, March 15th. KeyCorp raised their price target on WESCO International from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Friday. Finally, Royal Bank of Canada reduced their price target on WESCO International from $176.00 to $172.00 and set a "sector perform" rating for the company in a report on Friday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $187.00.

WESCO International Trading Up 3.1 %

WCC stock traded up $5.22 on Monday, reaching $172.92. The company's stock had a trading volume of 880,445 shares, compared to its average volume of 612,741. The business has a fifty day simple moving average of $161.27 and a two-hundred day simple moving average of $160.10. WESCO International has a 12-month low of $122.30 and a 12-month high of $195.43. The firm has a market cap of $8.81 billion, a PE ratio of 14.23, a PEG ratio of 1.19 and a beta of 2.07. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.33 and a current ratio of 2.21.

WESCO International (NYSE:WCC - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $2.30 EPS for the quarter, missing analysts' consensus estimates of $2.43 by ($0.13). The business had revenue of $5.35 billion during the quarter, compared to analysts' expectations of $5.30 billion. WESCO International had a return on equity of 15.10% and a net margin of 3.08%. The business's revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.75 EPS. As a group, research analysts forecast that WESCO International will post 14.12 EPS for the current year.

Insider Buying and Selling

In related 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 value of $836,999.28. Following the completion of the sale, the executive vice president now directly owns 33,595 shares in the company, valued at approximately $5,253,922.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related 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 value of $836,999.28. Following the completion of the sale, the executive vice president now directly owns 33,595 shares in the company, valued at approximately $5,253,922.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Nelson John Squires III sold 3,490 shares of WESCO International stock in a transaction dated Thursday, February 8th. The stock was 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 owns 54,385 shares of the company's stock, valued at $10,333,150. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quent Capital LLC boosted its position in WESCO International by 9.9% in the first quarter. Quent Capital LLC now owns 3,703 shares of the technology company's stock worth $634,000 after purchasing an additional 333 shares during the last quarter. Hosking Partners LLP lifted its position in shares of WESCO International by 68.6% during the 1st quarter. Hosking Partners LLP now owns 63,577 shares of the technology company's stock valued at $10,889,000 after buying an additional 25,864 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of WESCO International by 163.5% during the 1st quarter. BNP Paribas Financial Markets now owns 24,236 shares of the technology company's stock valued at $4,151,000 after buying an additional 15,037 shares in the last quarter. Peregrine Capital Management LLC lifted its position in shares of WESCO International by 14.6% during the 1st quarter. Peregrine Capital Management LLC now owns 10,218 shares of the technology company's stock valued at $1,750,000 after buying an additional 1,300 shares in the last quarter. Finally, Hennessy Advisors Inc. lifted its position in shares of WESCO International by 43.9% during the 1st quarter. Hennessy Advisors Inc. now owns 26,900 shares of the technology company's stock valued at $4,607,000 after buying an additional 8,200 shares in the last quarter. 93.76% of the stock is owned by hedge funds and other institutional investors.

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).