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

WESCO International (NYSE:WCC - Get Free Report) had its price target hoisted by KeyCorp from $180.00 to $210.00 in a report issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the technology company's stock. KeyCorp's price objective would indicate a potential upside of 19.40% from the stock's current price.

Other analysts also recently issued reports about the company. Stephens raised their target price on WESCO International from $205.00 to $215.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Oppenheimer decreased their price objective on WESCO International from $225.00 to $195.00 and set an "outperform" rating for the company in a report on Monday, May 5th. JPMorgan Chase & Co. cut their target price on WESCO International from $210.00 to $180.00 and set an "overweight" rating on the stock in a report on Tuesday, May 27th. Finally, Loop Capital lowered their price objective on shares of WESCO International from $250.00 to $220.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Two equities research 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's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $212.63.

WESCO International Trading Up 1.5%

WCC stock traded up $2.62 during midday trading on Friday, hitting $175.89. The stock had a trading volume of 481,148 shares, compared to its average volume of 747,588. 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 business has a fifty day moving average price of $163.08 and a two-hundred day moving average price of $174.21. 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 $8.58 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 1.45 and a beta of 1.83.

WESCO International (NYSE:WCC - Get Free Report) last announced its earnings results 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 net margin of 3.29% and a return on equity of 13.63%. The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.27 billion. During the same quarter in the previous year, the company earned $2.30 EPS. The firm's revenue for the quarter was down .1% on a year-over-year basis. On average, sell-side analysts predict that WESCO International will post 13.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WESCO International

Several institutional investors have recently added to or reduced their stakes in WCC. Covestor Ltd raised its stake in WESCO International by 5.5% in the fourth quarter. Covestor Ltd now owns 1,198 shares of the technology company's stock valued at $216,000 after purchasing an additional 62 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of WESCO International by 39.9% in the 4th quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company's stock worth $43,000 after buying an additional 67 shares during the last quarter. Parallel Advisors LLC raised its position in shares of WESCO International by 21.1% during the 1st quarter. Parallel Advisors LLC now owns 447 shares of the technology company's stock valued at $69,000 after buying an additional 78 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of WESCO International by 43.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company's stock worth $48,000 after acquiring an additional 81 shares during the last quarter. Finally, Third Avenue Management LLC increased its stake in WESCO International by 0.6% in the first quarter. Third Avenue Management LLC now owns 14,822 shares of the technology company's stock valued at $2,302,000 after acquiring an additional 83 shares during the last quarter. 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).