Published On: Wed, Sep 14th, 2016

Wesco International Inc. (NYSE:WCC) Given Consensus Recommendation of “Hold” by Brokerages

Wesco International Inc. (NYSE:WCC) has received a consensus rating of “Hold” from the sixteen research firms that are presently covering the company. Twelve equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $56.30.
Several research firms have recently commented on WCC. Longbow Research upgraded Wesco International from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Wednesday, August 24th. Zacks Investment Research raised Wesco International from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. Credit Suisse Group AG reissued an “outperform” rating and set a $68.00 price objective on shares of Wesco International in a research report on Friday, June 17th. Standpoint Research raised Wesco International from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Thursday, August 25th. Finally, Macquarie started coverage on Wesco International in a research report on Thursday, August 25th. They set a “neutral” rating and a $64.00 price objective for the company.
Wesco International (NYSE:WCC) traded down 0.096% during mid-day trading on Wednesday, hitting $57.285. 192,898 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $58.68 and its 200-day moving average price is $55.64. The stock has a market cap of $2.42 billion, a PE ratio of 14.013 and a beta of 2.13. Wesco International has a one year low of $34.00 and a one year high of $63.90.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/14/wesco-international-inc-nysewcc-given-consensus-recommendation-of-hold-by-brokerages.html

Wesco International (NYSE:WCC) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.97 by $0.05. Wesco International had a return on equity of 10.73% and a net margin of 2.65%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm earned $1.00 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. On average, analysts forecast that Wesco International will post $3.97 EPS for the current fiscal year.
In other news, Director James Louis Singleton sold 2,638 shares of Wesco International stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $63.29, for a total value of $166,959.02. Following the completion of the transaction, the director now owns 12,305 shares in the company, valued at approximately $778,783.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of WCC. Meeder Asset Management Inc. acquired a new stake in Wesco International during the second quarter valued at $218,000. Janus Capital Management LLC acquired a new stake in Wesco International during the second quarter valued at $278,000. Oregon Public Employees Retirement Fund boosted its stake in Wesco International by 8.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 6,414 shares of the company’s stock valued at $330,000 after buying an additional 500 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in Wesco International during the second quarter valued at $334,000. Finally, Nomura Holdings Inc. acquired a new stake in Wesco International during the second quarter valued at $524,000.
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.

Receive News & Ratings for Wesco International Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Wesco International Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>