WESCO International (NYSE:WCC) Stock Price Target Raised at Royal Bank Of Canada

WESCO International (NYSE:WCC) had its price target upped by equities researchers at Royal Bank Of Canada from $430.00 to $435.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 20.91% from the company’s current price.

A number of other equities analysts have also recently commented on the stock. Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Zacks Research raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Barclays raised their price objective on shares of WESCO International from $390.00 to $437.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, DA Davidson began coverage on WESCO International in a research report on Tuesday, June 16th. They set a “buy” rating and a $440.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $402.83.

WESCO International Trading Down 0.9%

WCC traded down $3.18 on Wednesday, hitting $359.76. The company had a trading volume of 32,794 shares, compared to its average volume of 594,976. The business’s fifty day simple moving average is $355.46 and its 200 day simple moving average is $340.98. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. WESCO International has a 12-month low of $211.47 and a 12-month high of $388.64. The company has a market cap of $17.53 billion, a PE ratio of 24.94, a PEG ratio of 2.16 and a beta of 1.54.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.98 by $0.59. WESCO International had a return on equity of 14.95% and a net margin of 2.84%. The business had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same period last year, the company earned $3.83 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Equities research analysts expect that WESCO International will post 16.77 EPS for the current year.

Insider Activity at WESCO International

In related news, Director Laura Thompson sold 270 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total value of $99,481.50. Following the transaction, the director owned 10,720 shares of the company’s stock, valued at $3,949,784. This represents a 2.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Castillo acquired 960 shares of WESCO International stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the completion of the acquisition, the executive vice president directly owned 16,305 shares in the company, valued at $5,965,836.45. This trade represents a 6.26% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On WESCO International

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in WESCO International during the second quarter valued at approximately $3,094,634,000. Bank of America Corp DE bought a new position in WESCO International in the second quarter worth approximately $296,304,000. Bank of New York Mellon Corp purchased a new stake in WESCO International during the second quarter worth $249,503,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in WESCO International during the second quarter worth $175,189,000. Finally, Nykredit A S purchased a new stake in WESCO International during the second quarter worth $154,034,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

WESCO International Company Profile

WESCO International, Inc is a global provider of electrical, communications, utility and supply chain solutions. Through its distribution and service operations, the company supplies products used in commercial, industrial, institutional, utility, data center, broadband and residential markets.

Its product offerings include electrical and electronic components, wire and cable, lighting and controls, network infrastructure, security and safety products, automation equipment, and general industrial supplies.