Impact of Brokerage Rating on WESCO International, Inc.(WCC)

Many WESCO International, Inc.(WCC) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by RBC Capital Mkts on Dec 14, 2016 to Sector Perform, Raises Price Target to $ 66 from a previous price target of $61 .Company shares were Reiterated by Barclays on Dec 14, 2016 to Equal Weight, Raises Price Target to $ 62 from a previous price target of $56 .WESCO International was Downgraded by Longbow to Neutral on Dec 5, 2016. WESCO International was Initiated by KeyBanc Capital Mkts to Overweight on Dec 1, 2016.

Company has reported several Insider transactions to the SEC, on Feb 10, 2017, Sandra Beach Lin (director) sold 1,731 shares at 70.49 per share price.On Feb 2, 2017, John Engel (Chairman, President & CEO) sold 75,171 shares at 70.77 per share price.On Feb 2, 2017, David S. Schulz (CFO) purchased 5,000 shares at 71.18 per share price.

WESCO International Last issued its quarterly earnings results on Jan 26, 2017. The company reported $0.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.95. The company had revenue of $1793.30 million for the quarter, compared to analysts expectations of $1806.45 million. The companys revenue was down -3.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.03 EPS.

WESCO International, Inc. (NYSE:WCC) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.38 by 13 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 9 Brokerage Firms have advised hold.

WESCO International, Inc. (NYSE:WCC): 9 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $71.22 in WESCO International, Inc. (NYSE:WCC). However, the stock price could fluctuate by $ 8.09 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $80 price target with the lower price estimate is calculated at $57

WESCO International, Inc. (NYSE:WCC) rose 0.63% or 0.45 points on Tuesday and made its way into the gainers of the day. After trading began at $71.25 the stock was seen hitting $71.9 as a peak level and $70.15 as the lowest level. The stock ended up at $71.65. The daily volume was measured at 591,527 shares. The 52-week high of the share price is $76.15 and the 52-week low is $41.3. The company has a market cap of $3,479 million.

Wesco International, Inc. is a leading provider of electrical products and other industrial MRO supplies and services in North America. The company is also a provider of Integrated Supply services. Their Integrated Supply solutions and outsourcing services fulfill all of a customers industrial MRO procurement needs through a highly automated, proprietary electronic procurement and inventory replenishment system.


Share this post

Leave a Reply