WESCO International (NYSE:WCC) Price Target Raised to $210.00

WESCO International (NYSE:WCC - Get Free Report) had its price objective upped by equities researchers at KeyCorp from $180.00 to $210.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the technology company's stock. KeyCorp's price target indicates a potential upside of 21.28% from the company's current price.

Several other brokerages have also recently issued reports on WCC. Oppenheimer reduced their target price on shares of WESCO International from $225.00 to $195.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Loop Capital dropped their target price on WESCO International from $250.00 to $220.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Stephens raised their target price on WESCO International from $205.00 to $215.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. dropped their target price on WESCO International from $210.00 to $180.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 27th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $212.63.

WESCO International Stock Performance

Shares of NYSE:WCC traded down $3.62 on Friday, hitting $173.15. 557,438 shares of the company were exchanged, compared to its average volume of 732,553. WESCO International has a 1-year low of $125.21 and a 1-year high of $216.17. The stock's 50 day moving average price is $163.08 and its 200 day moving average price is $174.68. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. The firm 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.

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

Institutional Trading of WESCO International

A number of institutional investors and hedge funds have recently modified their holdings of WCC. Van ECK Associates Corp increased its stake in shares of WESCO International by 1.7% during the fourth quarter. Van ECK Associates Corp now owns 30,178 shares of the technology company's stock worth $5,461,000 after purchasing an additional 512 shares in the last quarter. V Square Quantitative Management LLC increased its stake 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 worth $43,000 after purchasing an additional 67 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of WESCO International by 12.0% during the fourth quarter. New York State Teachers Retirement System now owns 24,788 shares of the technology company's stock worth $4,486,000 after purchasing an additional 2,654 shares in the last quarter. Rhumbline Advisers increased its stake in shares of WESCO International by 1.9% during the fourth quarter. Rhumbline Advisers now owns 120,402 shares of the technology company's stock worth $21,788,000 after purchasing an additional 2,271 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its position in WESCO International by 167.3% during the fourth quarter. Handelsbanken Fonder AB now owns 192,182 shares of the technology company's stock worth $34,777,000 after acquiring an additional 120,289 shares during the last quarter. Hedge funds and other institutional investors 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).