WESCO International (NYSE:WCC) Price Target Cut to $220.00 by Analysts at Loop Capital

WESCO International (NYSE:WCC) had its price objective decreased by Loop Capital from $250.00 to $220.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Loop Capital’s target price points to a potential upside of 25.92% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. KeyCorp reduced their target price on WESCO International from $245.00 to $205.00 and set an “overweight” rating on the stock in a research note on Monday, March 17th. StockNews.com downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Royal Bank of Canada upped their price objective on shares of WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 12th. Stephens lifted their target price on shares of WESCO International from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, Oppenheimer decreased their price target on shares of WESCO International from $225.00 to $195.00 and set an “outperform” rating for the company in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $216.57.

WESCO International Trading Up 1.8%

Shares of WCC opened at $174.72 on Monday. The stock has a market capitalization of $8.53 billion, a P/E ratio of 13.37, a PEG ratio of 1.45 and a beta of 1.92. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.02. The firm has a fifty day simple moving average of $156.82 and a two-hundred day simple moving average of $179.07. WESCO International has a twelve month low of $125.21 and a twelve month high of $216.17.

WESCO International (NYSE:WCC) last posted its earnings results on Thursday, May 1st. The technology company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.27 billion. WESCO International had a return on equity of 13.63% and a net margin of 3.29%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.30 earnings per share. On average, research analysts anticipate that WESCO International will post 13.3 EPS for the current year.

Institutional Trading of WESCO International

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC grew its holdings in shares of WESCO International by 39.9% during the fourth quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company’s stock valued at $43,000 after buying an additional 67 shares during the last quarter. Whittier Trust Co. lifted its position in WESCO International by 46.8% in the 1st quarter. Whittier Trust Co. now owns 279 shares of the technology company’s stock valued at $43,000 after acquiring an additional 89 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in 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 valued at $48,000 after purchasing an additional 81 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of WESCO International by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock worth $68,000 after purchasing an additional 75 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of WESCO International by 21.1% in the first quarter. Parallel Advisors LLC now owns 447 shares of the technology company’s stock worth $69,000 after purchasing an additional 78 shares during the last quarter. Hedge funds and other 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).