WESCO International, Inc. (NYSE:WCC) Given Average Rating of “Moderate Buy” by Analysts

WESCO International, Inc. (NYSE:WCC) has received an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $184.71.

A number of equities research analysts recently commented on the company. Robert W. Baird lowered their price target on WESCO International from $195.00 to $172.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Stephens reissued an “overweight” rating and issued a $190.00 price target on shares of WESCO International in a research report on Monday, August 5th. KeyCorp lowered their price target on WESCO International from $205.00 to $195.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Loop Capital lowered their price target on WESCO International from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, Baird R W lowered WESCO International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th.

WESCO International Price Performance

WESCO International stock opened at $163.94 on Thursday. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 1.28 and a beta of 2.03. WESCO International has a 52-week low of $122.30 and a 52-week high of $195.43. The stock’s 50 day moving average price is $161.74 and its two-hundred day moving average price is $165.66. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.34 and a current ratio of 2.28.

WESCO International (NYSE:WCC) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $3.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.27). WESCO International had a return on equity of 14.44% and a net margin of 3.30%. The business had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same quarter in the previous year, the company posted $3.71 earnings per share. WESCO International’s quarterly revenue was down 4.6% on a year-over-year basis. On average, equities analysts predict that WESCO International will post 12.17 earnings per share for the current year.

WESCO International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.4125 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.65 annualized dividend and a yield of 1.01%. WESCO International’s dividend payout ratio is currently 13.74%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in WCC. Rise Advisors LLC bought a new position in WESCO International in the 1st quarter worth about $26,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of WESCO International by 71.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the technology company’s stock valued at $26,000 after acquiring an additional 69 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of WESCO International by 65.4% during the 2nd quarter. GAMMA Investing LLC now owns 253 shares of the technology company’s stock valued at $40,000 after acquiring an additional 100 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of WESCO International during the 2nd quarter valued at about $152,000. Finally, TimesSquare Capital Management LLC bought a new stake in shares of WESCO International during the 1st quarter valued at about $463,000. Institutional investors own 93.76% of the company’s stock.

About WESCO International

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).