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WESCO International, Inc. (NYSE:WCC) Receives Consensus Rating of "Buy" from Analysts

WESCO International logo with Computer and Technology background

WESCO International, Inc. (NYSE:WCC - Get Free Report) has been assigned an average recommendation of "Buy" from the nine brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $212.63.

A number of research analysts have recently issued reports on the company. KeyCorp lifted their price target on WESCO International from $180.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, June 13th. JPMorgan Chase & Co. reduced their price target on WESCO International from $210.00 to $180.00 and set an "overweight" rating for the company in a report on Tuesday, May 27th. Loop Capital reduced their target price on WESCO International from $250.00 to $220.00 and set a "buy" rating for the company in a report on Monday, May 12th. Finally, Oppenheimer cut their price target on WESCO International from $225.00 to $195.00 and set an "outperform" rating for the company in a report on Monday, May 5th.

Get Our Latest Research Report on WCC

Insider Transactions at WESCO International

In other WESCO International news, EVP Christine Ann Wolf sold 3,106 shares of WESCO International stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $177.14, for a total transaction of $550,196.84. Following the completion of the sale, the executive vice president directly owned 30,181 shares of the company's stock, valued at $5,346,262.34. The trade was a 9.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WCC. Whittier Trust Co. increased its position in WESCO International by 46.8% in the 1st 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. Whittier Trust Co. of Nevada Inc. lifted its stake in WESCO International by 43.5% in the 4th 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 in the last quarter. Parallel Advisors LLC raised its holdings in WESCO International by 21.1% in the 1st 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 last quarter. GAMMA Investing LLC increased its holdings in shares of WESCO International by 27.7% during the 1st quarter. GAMMA Investing LLC now owns 479 shares of the technology company's stock worth $74,000 after buying an additional 104 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of WESCO International during the 4th quarter worth $122,000. Hedge funds and other institutional investors own 93.76% of the company's stock.

WESCO International Price Performance

NYSE:WCC opened at $195.71 on Wednesday. The firm has a market capitalization of $9.55 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 1.47 and a beta of 1.83. WESCO International has a 1 year low of $125.21 and a 1 year high of $216.17. The business has a 50 day simple moving average of $174.25 and a 200-day simple moving average of $172.97. 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 issued its quarterly 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 business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.27 billion. WESCO International had a return on equity of 13.40% and a net margin of 3.30%. WESCO International's revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.30 earnings per share. Equities analysts forecast that WESCO International will post 13.3 EPS for the current year.

WESCO International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.4538 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.82 dividend on an annualized basis and a yield of 0.93%. WESCO International's dividend payout ratio (DPR) is presently 13.77%.

About WESCO International

(Get Free Report

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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Analyst Recommendations for WESCO International (NYSE:WCC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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