WESCO International, Inc. (NYSE:WCC) Given Average Recommendation of "Buy" by Analysts

WESCO International, Inc. (NYSE:WCC - Get Free Report) has been assigned an average rating of "Buy" from the nine analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $212.63.

A number of analysts recently commented on WCC shares. KeyCorp increased their price objective on WESCO International from $180.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday. Oppenheimer reduced their target price on shares of WESCO International from $225.00 to $195.00 and set an "outperform" rating on the stock in a report on Monday, May 5th. Loop Capital lowered their price target on shares of WESCO International from $250.00 to $220.00 and set a "buy" rating for the company in a report on Monday, May 12th. JPMorgan Chase & Co. cut their price objective on shares of WESCO International from $210.00 to $180.00 and set an "overweight" rating for the company in a research report on Tuesday, May 27th. Finally, Stephens raised their target price on shares of WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Covestor Ltd increased its stake in WESCO International by 5.5% during the fourth quarter. Covestor Ltd now owns 1,198 shares of the technology company's stock worth $216,000 after acquiring an additional 62 shares during the last quarter. V Square Quantitative Management LLC increased its position in WESCO International by 39.9% during the 4th quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company's stock worth $43,000 after purchasing an additional 67 shares in the last quarter. Parallel Advisors LLC increased its position in WESCO International by 21.1% during the 1st quarter. Parallel Advisors LLC now owns 447 shares of the technology company's stock worth $69,000 after purchasing an additional 78 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised 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 buying an additional 81 shares during the period. Finally, Third Avenue Management LLC lifted its position in WESCO International by 0.6% during the first quarter. Third Avenue Management LLC now owns 14,822 shares of the technology company's stock valued at $2,302,000 after buying an additional 83 shares in the last quarter. 93.76% of the stock is owned by hedge funds and other institutional investors.

WESCO International Price Performance

Shares of NYSE WCC traded down $4.60 on Friday, hitting $171.48. The company's stock had a trading volume of 502,947 shares, compared to its average volume of 729,788. The stock has a 50 day moving average of $164.29 and a 200-day moving average of $173.94. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 1.36 and a beta of 1.83. WESCO International has a 12-month low of $125.21 and a 12-month high of $216.17. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.15 and a quick ratio of 1.23.

WESCO International (NYSE:WCC - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $2.21 earnings per share (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 net margin of 3.30% and a return on equity of 13.40%. WESCO International's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.30 EPS. As a group, research analysts predict that WESCO International will post 13.3 EPS for the current year.

WESCO International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.4538 per share. The ex-dividend date is Friday, June 13th. This represents a $1.82 annualized dividend and a dividend yield of 1.06%. WESCO International's dividend payout ratio is presently 13.77%.

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).