Stephens Increases WESCO International (NYSE:WCC) Price Target to $215.00

WESCO International (NYSE:WCC) had its price target hoisted by investment analysts at Stephens from $205.00 to $215.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Stephens’ price target points to a potential upside of 9.23% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Royal Bank of Canada upped their price target on WESCO International from $212.00 to $213.00 and gave the company a “sector perform” rating in a report on Wednesday, February 12th. Oppenheimer upped their price target on WESCO International from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Robert W. Baird upped their price target on WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a report on Friday, November 1st. KeyCorp upped their price target on WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Jefferies Financial Group boosted their target price on shares of WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $218.88.

WESCO International Price Performance

Shares of NYSE:WCC opened at $196.84 on Tuesday. WESCO International has a 12 month low of $141.02 and a 12 month high of $216.17. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 1.34 and a beta of 2.01. The stock’s 50 day moving average price is $186.52 and its 200 day moving average price is $180.29. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.29.

WESCO International (NYSE:WCC) last announced its earnings results on Tuesday, February 11th. The technology company reported $3.16 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.07). WESCO International had a return on equity of 13.19% and a net margin of 3.19%. Equities research analysts anticipate that WESCO International will post 12.3 earnings per share for the current fiscal year.

Institutional Trading of WESCO International

A number of institutional investors have recently bought and sold shares of WCC. Raiffeisen Bank International AG acquired a new position in WESCO International in the 4th quarter worth about $180,000. Redwood Investment Management LLC purchased a new stake in shares of WESCO International during the 4th quarter worth about $1,445,000. Captrust Financial Advisors raised its stake in shares of WESCO International by 538.0% during the 4th quarter. Captrust Financial Advisors now owns 8,096 shares of the technology company’s stock worth $1,465,000 after purchasing an additional 6,827 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of WESCO International by 149.3% during the 4th quarter. Ameriprise Financial Inc. now owns 255,035 shares of the technology company’s stock worth $46,148,000 after purchasing an additional 152,727 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its stake in shares of WESCO International by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 14,061 shares of the technology company’s stock worth $2,544,000 after purchasing an additional 4,210 shares in the last quarter. Institutional investors and hedge funds 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).