WESCO International, Inc. (NYSE:WCC) Receives $212.63 Consensus Target Price from Analysts

Shares of WESCO International, Inc. (NYSE:WCC - Get Free Report) have been given an average recommendation of "Buy" by the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $212.63.

Several equities analysts have recently issued reports on the company. Loop Capital reduced their target price on WESCO International from $250.00 to $220.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. JPMorgan Chase & Co. reduced their target price on WESCO International from $210.00 to $180.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 27th. Stephens lifted their price target on WESCO International from $205.00 to $215.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. KeyCorp lifted their price target on WESCO International from $180.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Oppenheimer dropped their price target on WESCO International from $225.00 to $195.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC lifted its holdings in shares of WESCO International by 39.9% during the fourth quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company's stock valued at $43,000 after purchasing an additional 67 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in WESCO International by 43.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company's stock valued at $48,000 after acquiring an additional 81 shares during the period. Whittier Trust Co. lifted its holdings in WESCO International by 46.8% in the first quarter. Whittier Trust Co. now owns 279 shares of the technology company's stock valued at $43,000 after acquiring an additional 89 shares during the period. Parallel Advisors LLC lifted its holdings in WESCO International by 21.1% in the first quarter. Parallel Advisors LLC now owns 447 shares of the technology company's stock valued at $69,000 after acquiring an additional 78 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in WESCO International by 27.7% in the first quarter. GAMMA Investing LLC now owns 479 shares of the technology company's stock valued at $74,000 after acquiring an additional 104 shares during the period. 93.76% of the stock is owned by institutional investors.

WESCO International Price Performance

Shares of NYSE WCC traded down $3.62 during trading hours on Friday, reaching $173.15. 557,438 shares of the stock traded hands, compared to its average volume of 732,554. The company has a market capitalization of $8.45 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 1.45 and a beta of 1.83. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.02. WESCO International has a 52-week low of $125.21 and a 52-week high of $216.17. The company's 50-day simple moving average is $163.08 and its two-hundred day simple moving average is $174.68.

WESCO International (NYSE:WCC - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The company had revenue of $5.34 billion during the quarter, compared to analysts' expectations of $5.27 billion. WESCO International had a return on equity of 13.63% and a net margin of 3.29%. WESCO International's revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm earned $2.30 earnings per share. Equities research analysts forecast that WESCO International will post 13.3 EPS for the current year.

WESCO International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.4538 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, June 13th. WESCO International's payout ratio is currently 13.69%.

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).