WESCO International (NYSE:WCC) Price Target Cut to $205.00 by Analysts at KeyCorp

WESCO International (NYSE:WCC) had its price target trimmed by KeyCorp from $245.00 to $205.00 in a report published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

Several other brokerages also recently weighed in on WCC. StockNews.com downgraded WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Stephens increased their target price on WESCO International from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. 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. Finally, Royal Bank of Canada raised their price target on shares of WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, WESCO International currently has an average rating of “Moderate Buy” and an average price target of $219.43.

WESCO International Stock Up 0.4 %

Shares of NYSE WCC opened at $163.45 on Monday. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. WESCO International has a 12-month low of $143.06 and a 12-month high of $216.17. The firm’s 50-day moving average price is $182.61 and its 200-day moving average price is $182.47. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 1.45 and a beta of 2.00.

WESCO International (NYSE:WCC) last announced its earnings results on Tuesday, February 11th. The technology company reported $3.16 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.07). WESCO International had a return on equity of 13.63% and a net margin of 3.29%. On average, equities research analysts anticipate that WESCO International will post 13.3 EPS for the current fiscal year.

WESCO International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.4538 dividend. This represents a $1.82 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Friday, March 14th. This is a boost from WESCO International’s previous quarterly dividend of $0.41. WESCO International’s dividend payout ratio is presently 13.85%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in WCC. V Square Quantitative Management LLC raised its stake in shares of WESCO International by 39.9% during 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 in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of WESCO International by 43.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company’s stock worth $48,000 after purchasing an additional 81 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of WESCO International by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock valued at $68,000 after purchasing an additional 75 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of WESCO International in the 4th quarter worth $122,000. Finally, Raiffeisen Bank International AG purchased a new position in WESCO International during the 4th quarter worth $180,000. 93.76% of the stock is owned by institutional investors.

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).