WESCO International (NYSE:WCC) Price Target Raised to $215.00

WESCO International (NYSE:WCC) had its price target boosted by Stephens from $205.00 to $215.00 in a research report report published on Tuesday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

WCC has been the subject of several other reports. Robert W. Baird increased their target price on WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Royal Bank of Canada lifted their target price on shares of WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 12th. Oppenheimer increased their price target on shares of WESCO International from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Jefferies Financial Group increased their target price on shares of WESCO International from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, KeyCorp raised their target price on WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $218.88.

WESCO International Stock Down 2.2 %

Shares of NYSE WCC opened at $192.64 on Tuesday. The stock has a market capitalization of $9.44 billion, a P/E ratio of 14.74, a PEG ratio of 1.50 and a beta of 2.01. WESCO International has a one year low of $141.02 and a one year high of $216.17. The firm’s 50 day simple moving average is $186.59 and its two-hundred day simple moving average is $180.81. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.20 and a quick ratio of 1.27.

WESCO International (NYSE:WCC) last issued its earnings results on Tuesday, February 11th. The technology company reported $3.16 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.07). WESCO International had a return on equity of 13.63% and a net margin of 3.29%. As a group, analysts expect that WESCO International will post 13.3 EPS for the current fiscal year.

WESCO International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Friday, December 13th. WESCO International’s dividend payout ratio is currently 12.62%.

Institutional Trading of WESCO International

Hedge funds have recently modified their holdings of the business. Covestor Ltd increased its position in WESCO International by 5.5% during the 4th quarter. Covestor Ltd now owns 1,198 shares of the technology company’s stock valued at $216,000 after buying an additional 62 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in 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 purchasing an additional 67 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in WESCO International by 1.7% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,335 shares of the technology company’s stock valued at $728,000 after purchasing an additional 71 shares during the last quarter. GAMMA Investing LLC increased its stake in WESCO International by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock valued at $68,000 after purchasing an additional 75 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in WESCO International by 43.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company’s stock worth $48,000 after buying an additional 81 shares during the last quarter. Institutional investors own 93.76% of the company’s stock.

About WESCO International

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).