WESCO International, Inc. (WCC) Downgraded by ValuEngine to “Hold”

WESCO International, Inc. (NYSE:WCC) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

A number of other research analysts also recently issued reports on the stock. Standpoint Research raised shares of WESCO International from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research report on Thursday, August 3rd. Northcoast Research started coverage on shares of WESCO International in a research report on Tuesday, July 25th. They set a “buy” rating and a $70.00 price objective on the stock. KeyCorp reissued a “buy” rating and set a $64.00 price objective on shares of WESCO International in a research report on Thursday, October 12th. Zacks Investment Research raised shares of WESCO International from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Tuesday, October 31st. Finally, Robert W. Baird reissued a “hold” rating and set a $67.00 price objective on shares of WESCO International in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $68.46.

WESCO International (NYSE:WCC) opened at $62.00 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. WESCO International has a one year low of $48.95 and a one year high of $76.15. The company has a market cap of $2,928.23, a price-to-earnings ratio of 16.14, a P/E/G ratio of 1.61 and a beta of 1.95.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, October 26th. The technology company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.03 by $0.09. WESCO International had a net margin of 2.52% and a return on equity of 9.11%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the firm earned $1.05 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. analysts anticipate that WESCO International will post 3.87 EPS for the current year.

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A number of institutional investors have recently made changes to their positions in the stock. Selway Asset Management boosted its stake in WESCO International by 1.2% in the 2nd quarter. Selway Asset Management now owns 25,100 shares of the technology company’s stock worth $1,438,000 after purchasing an additional 300 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in WESCO International by 3.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 9,878 shares of the technology company’s stock worth $566,000 after purchasing an additional 326 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in WESCO International by 14.3% in the 1st quarter. OppenheimerFunds Inc. now owns 5,009 shares of the technology company’s stock worth $348,000 after purchasing an additional 626 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in WESCO International by 0.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 81,095 shares of the technology company’s stock worth $4,647,000 after purchasing an additional 659 shares in the last quarter. Finally, Stanley Laman Group Ltd. boosted its stake in WESCO International by 1.4% in the 2nd quarter. Stanley Laman Group Ltd. now owns 51,611 shares of the technology company’s stock worth $2,957,000 after purchasing an additional 691 shares in the last quarter. Institutional investors own 96.97% of the company’s stock.

About WESCO International

WESCO International, Inc is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services.

Analyst Recommendations for WESCO International (NYSE:WCC)

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