WESCO International, Inc. (NYSE:WCC) Receives Consensus Rating of “Buy” from Brokerages

WESCO International, Inc. (NYSE:WCC) has been assigned an average rating of “Buy” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $217.63.

Several equities analysts recently issued reports on WCC shares. Oppenheimer upped their price objective on WESCO International from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Stephens increased their price target on WESCO International from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Royal Bank of Canada increased their price target on WESCO International from $212.00 to $213.00 and gave the company a “sector perform” rating in a report on Wednesday. Jefferies Financial Group increased their price target on WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, StockNews.com cut WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday.

Hedge Funds Weigh In On WESCO International

A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in WESCO International by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock worth $128,143,000 after purchasing an additional 22,080 shares during the period. Bank of New York Mellon Corp increased its stake in WESCO International by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 403,216 shares of the technology company’s stock worth $72,966,000 after buying an additional 10,016 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its stake in WESCO International by 341.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock worth $43,420,000 after buying an additional 199,975 shares in the last quarter. Davis Selected Advisers increased its stake in WESCO International by 0.4% in the 4th quarter. Davis Selected Advisers now owns 256,987 shares of the technology company’s stock worth $46,504,000 after buying an additional 967 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in 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 in the last quarter. 93.76% of the stock is owned by institutional investors.

WESCO International Stock Performance

WCC stock opened at $196.84 on Friday. The stock has a market capitalization of $9.65 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 1.34 and a beta of 2.01. WESCO International has a 12-month low of $141.02 and a 12-month high of $216.17. The company has a current ratio of 2.21, a quick ratio of 1.29 and a debt-to-equity ratio of 0.99. The stock’s 50 day simple moving average is $186.64 and its 200 day simple moving average is $179.98.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported $3.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.07). WESCO International had a net margin of 3.19% and a return on equity of 13.19%. As a group, research analysts forecast that WESCO International will post 12.3 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.4125 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.65 dividend on an annualized basis and a yield of 0.84%. WESCO International’s dividend payout ratio is currently 13.21%.

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).