Stephens Issues Positive Forecast for WESCO International (NYSE:WCC) Stock Price

WESCO International (NYSE:WCC) had its price target increased by Stephens from $205.00 to $215.00 in a research report released on Tuesday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other analysts have also recently commented on WCC. Jefferies Financial Group upped their price target on shares of WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Royal Bank of Canada upped their price target on shares of WESCO International from $212.00 to $213.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 12th. Oppenheimer upped their price target on shares of WESCO International from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. KeyCorp upped their price target on shares of WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, StockNews.com cut shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $218.88.

WESCO International Stock Performance

Shares of WESCO International stock opened at $200.15 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 2.21 and a debt-to-equity ratio of 0.99. WESCO International has a twelve month low of $141.02 and a twelve month high of $216.17. The stock has a market cap of $9.81 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 1.34 and a beta of 2.01. The company’s fifty day moving average is $186.57 and its 200 day moving average is $180.62.

WESCO International (NYSE:WCC) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported $3.16 earnings per share 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%. Sell-side analysts forecast that WESCO International will post 12.3 EPS for the current year.

WESCO International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.4125 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.82%. WESCO International’s dividend payout ratio is presently 13.21%.

Institutional Investors Weigh In On WESCO International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Covestor Ltd raised its holdings in shares of WESCO International by 5.5% in the 4th quarter. Covestor Ltd now owns 1,198 shares of the technology company’s stock worth $216,000 after acquiring an additional 62 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of WESCO International by 39.9% in the 4th quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company’s stock worth $43,000 after acquiring an additional 67 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of WESCO International by 1.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,335 shares of the technology company’s stock worth $728,000 after acquiring an additional 71 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of WESCO International by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock worth $68,000 after acquiring an additional 75 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of WESCO International by 43.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company’s stock worth $48,000 after acquiring an additional 81 shares during 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).