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

WESCO International (NYSE:WCC) had its price objective dropped by stock analysts at KeyCorp from $245.00 to $205.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. KeyCorp’s price objective points to a potential upside of 26.93% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Royal Bank of Canada upped their price objective on WESCO International from $212.00 to $213.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 12th. Jefferies Financial Group raised their target price on WESCO International from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Stephens raised their price target on WESCO International from $205.00 to $215.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, StockNews.com cut WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $219.43.

WESCO International Stock Down 1.3 %

Shares of NYSE:WCC opened at $161.50 on Monday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 2.20. WESCO International has a 52-week low of $143.06 and a 52-week high of $216.17. The company has a market capitalization of $7.88 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 1.45 and a beta of 2.00. The company has a fifty day moving average of $182.16 and a 200-day moving average of $182.44.

WESCO International (NYSE:WCC) last issued its earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share 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 analysts predict that WESCO International will post 13.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Thompson Siegel & Walmsley LLC increased its position in WESCO International by 341.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock valued at $43,420,000 after acquiring an additional 199,975 shares during the last quarter. Burns Matteson Capital Management LLC bought a new stake in WESCO International during the fourth quarter valued at about $390,000. Geode Capital Management LLC grew its holdings in WESCO International by 3.0% during the third quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock valued at $128,143,000 after purchasing an additional 22,080 shares during the period. Handelsbanken Fonder AB grew its holdings in WESCO International by 167.3% during the fourth quarter. Handelsbanken Fonder AB now owns 192,182 shares of the technology company’s stock valued at $34,777,000 after purchasing an additional 120,289 shares during the period. Finally, Integrated Investment Consultants LLC bought a new stake in WESCO International during the fourth quarter valued at about $278,000. Hedge funds and other institutional investors 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).