KeyCorp Cuts WESCO International (NYSE:WCC) Price Target to $205.00

WESCO International (NYSE:WCC) had its target price decreased by KeyCorp from $245.00 to $205.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. KeyCorp’s price objective suggests a potential upside of 24.35% from the company’s current price.

Several other brokerages have also recently commented on WCC. Jefferies Financial Group lifted their price target 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 upped their price objective on shares of WESCO International from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Royal Bank of Canada lifted their price target on WESCO International from $212.00 to $213.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 12th. Finally, StockNews.com lowered WESCO International from a “buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Two investment 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $219.43.

WESCO International Stock Performance

NYSE:WCC opened at $164.86 on Monday. WESCO International has a 1-year low of $143.06 and a 1-year high of $216.17. The stock has a market cap of $8.04 billion, a P/E ratio of 12.61, a PEG ratio of 1.45 and a beta of 2.00. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.20 and a quick ratio of 1.27. The firm has a 50-day moving average of $183.01 and a two-hundred day moving average of $182.46.

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

Institutional Investors Weigh In On WESCO International

A number of institutional investors have recently made changes to their positions in WCC. V Square Quantitative Management LLC boosted its position in 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 buying an additional 67 shares during the period. Whittier Trust Co. of Nevada Inc. lifted 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 purchasing an additional 81 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of WESCO International by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock valued at $68,000 after buying an additional 75 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in WESCO International in the 4th quarter valued at $122,000. Finally, Raiffeisen Bank International AG purchased a new stake in shares of WESCO International during the fourth quarter valued at approximately $180,000. 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).