WESCO International (NYSE:WCC) Given New $180.00 Price Target at JPMorgan Chase & Co.

WESCO International (NYSE:WCC - Get Free Report) had its price target lowered by research analysts at JPMorgan Chase & Co. from $210.00 to $180.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 5.21% from the stock's previous close.

WCC has been the subject of several other reports. Stephens increased 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. Loop Capital cut their price objective on WESCO International from $250.00 to $220.00 and set a "buy" rating for the company in a report on Monday, May 12th. KeyCorp lowered their target price on shares of WESCO International from $245.00 to $205.00 and set an "overweight" rating on the stock in a report on Monday, March 17th. Oppenheimer cut their price target on shares of WESCO International from $225.00 to $195.00 and set an "outperform" rating for the company in a research note on Monday, May 5th. Finally, Wall Street Zen downgraded WESCO International from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $212.00.

WESCO International Stock Down 0.9%

Shares of WCC traded down $1.57 during midday trading on Tuesday, hitting $171.08. The stock had a trading volume of 731,564 shares, compared to its average volume of 743,442. WESCO International has a twelve month low of $125.21 and a twelve month high of $216.17. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.20 and a quick ratio of 1.27. The company has a 50 day simple moving average of $158.48 and a two-hundred day simple moving average of $177.23. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 1.45 and a beta of 1.92.

WESCO International (NYSE:WCC - Get Free Report) last posted its quarterly earnings data 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). WESCO International had a net margin of 3.29% and a return on equity of 13.63%. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.27 billion. During the same quarter last year, the business earned $2.30 earnings per share. WESCO International's revenue for the quarter was down .1% on a year-over-year basis. On average, analysts anticipate that WESCO International will post 13.3 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WCC. Bank of New York Mellon Corp raised its holdings in shares of WESCO International by 88.2% in the 1st quarter. Bank of New York Mellon Corp now owns 758,786 shares of the technology company's stock worth $117,839,000 after acquiring an additional 355,570 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of WESCO International by 6,769.8% in the first quarter. Pacer Advisors Inc. now owns 456,290 shares of the technology company's stock worth $70,862,000 after purchasing an additional 449,648 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of WESCO International by 21.2% in the first quarter. Ameriprise Financial Inc. now owns 309,081 shares of the technology company's stock valued at $48,001,000 after purchasing an additional 54,046 shares in the last quarter. Davis Selected Advisers lifted its holdings in shares of WESCO International by 0.6% in the first quarter. Davis Selected Advisers now owns 258,503 shares of the technology company's stock valued at $40,146,000 after purchasing an additional 1,516 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of WESCO International by 62.9% during the fourth quarter. Russell Investments Group Ltd. now owns 215,002 shares of the technology company's stock valued at $38,906,000 after buying an additional 83,031 shares during the last quarter. Institutional investors and hedge funds own 93.76% of the company's stock.

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).