WESCO International (NYSE:WCC) Price Target Cut to $205.00 by Analysts at KeyCorp

WESCO International (NYSE:WCC) had its price target dropped by analysts at KeyCorp from $245.00 to $205.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. KeyCorp’s price target would indicate a potential upside of 24.35% from the company’s current price.

A number of other equities analysts also recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of WESCO International from $212.00 to $213.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 12th. Stephens lifted their price objective on WESCO International from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. StockNews.com downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Jefferies Financial Group lifted 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. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $219.43.

WESCO International Stock Up 4.0 %

Shares of WESCO International stock opened at $164.86 on Monday. The company’s 50 day moving average price is $183.01 and its 200-day moving average price is $182.46. WESCO International has a 52-week low of $143.06 and a 52-week high of $216.17. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 2.20. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 1.45 and a beta of 2.00.

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

Hedge Funds Weigh In On WESCO International

Institutional investors have recently modified their holdings of the stock. Thompson Siegel & Walmsley LLC increased its holdings in shares of WESCO International by 341.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock valued at $43,420,000 after acquiring an additional 199,975 shares during the period. Ameriprise Financial Inc. raised its holdings in WESCO International by 149.3% in the fourth quarter. Ameriprise Financial Inc. now owns 255,035 shares of the technology company’s stock worth $46,148,000 after purchasing an additional 152,727 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of WESCO International by 167.3% during the fourth quarter. Handelsbanken Fonder AB now owns 192,182 shares of the technology company’s stock valued at $34,777,000 after buying an additional 120,289 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of WESCO International by 62.9% in the 4th quarter. Russell Investments Group Ltd. now owns 215,002 shares of the technology company’s stock worth $38,906,000 after buying an additional 83,031 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of WESCO International by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock worth $128,143,000 after acquiring an additional 22,080 shares in the last quarter. 93.76% of the stock is owned by hedge funds and other institutional investors.

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).