WESCO International, Inc. (NYSE:WCC) has received a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $54.67.
Several brokerages have weighed in on WCC. Robert W. Baird raised shares of WESCO International from a “neutral” rating to an “outperform” rating and set a $54.00 price target on the stock in a report on Thursday, August 22nd. Royal Bank of Canada set a $52.00 price target on shares of WESCO International and gave the stock a “hold” rating in a research report on Friday, November 1st. Oppenheimer reissued a “hold” rating on shares of WESCO International in a research note on Friday, September 6th. Jefferies Financial Group assumed coverage on shares of WESCO International in a research report on Wednesday, November 27th. They set a “hold” rating and a $60.00 price objective on the stock. Finally, Wolfe Research set a $52.00 target price on shares of WESCO International and gave the company a “hold” rating in a research note on Friday, November 1st.
A number of hedge funds and other institutional investors have recently bought and sold shares of WCC. AGF Investments LLC grew its holdings in WESCO International by 1.0% during the 2nd quarter. AGF Investments LLC now owns 26,552 shares of the technology company’s stock valued at $1,345,000 after buying an additional 263 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of WESCO International by 3.0% during the second quarter. Wedge Capital Management L L P NC now owns 14,851 shares of the technology company’s stock valued at $752,000 after buying an additional 435 shares during the last quarter. Rhumbline Advisers raised its position in shares of WESCO International by 2.1% during the third quarter. Rhumbline Advisers now owns 35,368 shares of the technology company’s stock valued at $1,690,000 after buying an additional 743 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of WESCO International in the third quarter worth $76,000. Finally, Delphi Management Inc. MA lifted its holdings in shares of WESCO International by 6.4% in the third quarter. Delphi Management Inc. MA now owns 25,676 shares of the technology company’s stock worth $1,227,000 after buying an additional 1,536 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.
WESCO International (NYSE:WCC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.08. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.15 billion. WESCO International had a return on equity of 10.57% and a net margin of 2.76%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.41 EPS. As a group, analysts predict that WESCO International will post 5.19 EPS for the current year.
About WESCO International
WESCO International, Inc distributes electrical, industrial, and communications maintenance, repair and operating (MRO) and original equipment manufacturers products and construction materials in North America and internationally. The company sells general supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, wraps, splicing and marking equipment, tools and testers, safety, personal protection, sealants, cutting tools, adhesives, consumables, fasteners, janitorial, and other MRO supplies.
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