Oppenheimer Issues Pessimistic Forecast for WESCO International (NYSE:WCC) Stock Price

WESCO International (NYSE:WCC - Get Free Report) had its target price decreased by analysts at Oppenheimer from $225.00 to $195.00 in a report released on Monday,Benzinga reports. The firm currently has an "outperform" rating on the technology company's stock. Oppenheimer's target price suggests a potential upside of 20.50% from the company's current price.

Other analysts also recently issued reports about the stock. Stephens boosted 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. KeyCorp decreased their price objective on shares of WESCO International from $245.00 to $205.00 and set an "overweight" rating for the company in a report on Monday, March 17th. StockNews.com lowered WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Finally, Royal Bank of Canada upped their price target on WESCO International from $212.00 to $213.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $215.14.

WESCO International Stock Down 0.6 %

Shares of NYSE:WCC traded down $0.94 during trading on Monday, reaching $161.83. 414,049 shares of the company traded hands, compared to its average volume of 757,814. The firm has a fifty day simple moving average of $156.67 and a 200 day simple moving average of $179.12. 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 1-year low of $125.21 and a 1-year high of $216.17. The firm has a market cap of $7.90 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 1.45 and a beta of 1.92.

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

Institutional Trading of WESCO International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WCC. V Square Quantitative Management LLC boosted its position in shares of WESCO International by 39.9% in the fourth quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company's stock valued at $43,000 after acquiring an additional 67 shares during the period. Whittier Trust Co. boosted its holdings 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 purchasing an additional 89 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position 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 worth $48,000 after purchasing an additional 81 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of WESCO International by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company's stock worth $68,000 after purchasing an additional 75 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of WESCO International by 21.1% during the first quarter. Parallel Advisors LLC now owns 447 shares of the technology company's stock valued at $69,000 after buying an additional 78 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).