WESCO International, Inc. (NYSE:WCC) Lifted to Sell at BidaskClub

BidaskClub upgraded shares of WESCO International, Inc. (NYSE:WCC) from a strong sell rating to a sell rating in a report published on Wednesday morning.

A number of other brokerages have also commented on WCC. Credit Suisse Group set a $70.00 price target on shares of WESCO International and gave the company a buy rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded shares of WESCO International from a sell rating to a buy rating and set a $64.00 price target for the company in a research note on Tuesday, July 4th. Barclays PLC restated an equal weight rating and set a $68.00 price target (up previously from $65.00) on shares of WESCO International in a research note on Wednesday, April 19th. Royal Bank of Canada restated a hold rating and set a $72.00 price target on shares of WESCO International in a research note on Friday, April 28th. Finally, Raymond James Financial, Inc. upgraded shares of WESCO International from a market perform rating to an outperform rating and set a $70.00 price target for the company in a research note on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $69.58.

WESCO International (NYSE WCC) opened at 56.90 on Wednesday. WESCO International has a 12-month low of $51.45 and a 12-month high of $76.15. The firm has a market cap of $2.78 billion, a PE ratio of 27.06 and a beta of 1.79. The stock has a 50 day moving average of $59.54 and a 200 day moving average of $66.41.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, April 27th. The technology company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.03. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.76 billion. WESCO International had a net margin of 1.41% and a return on equity of 9.30%. WESCO International’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 EPS. On average, equities research analysts anticipate that WESCO International will post $3.86 EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in WCC. DUPONT CAPITAL MANAGEMENT Corp bought a new stake in shares of WESCO International during the first quarter valued at $146,000. Comerica Bank bought a new stake in shares of WESCO International during the fourth quarter valued at $210,000. OppenheimerFunds Inc. boosted its stake in shares of WESCO International by 14.3% in the first quarter. OppenheimerFunds Inc. now owns 5,009 shares of the technology company’s stock valued at $348,000 after buying an additional 626 shares in the last quarter. Amalgamated Bank boosted its stake in shares of WESCO International by 3.3% in the first quarter. Amalgamated Bank now owns 6,958 shares of the technology company’s stock valued at $484,000 after buying an additional 225 shares in the last quarter. Finally, Tyers Asset Management LLC boosted its stake in shares of WESCO International by 173.8% in the first quarter. Tyers Asset Management LLC now owns 8,848 shares of the technology company’s stock valued at $615,000 after buying an additional 5,616 shares in the last quarter. Hedge funds and other institutional investors own 98.12% of the company’s stock.

WESCO International Company Profile

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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