Equities researchers at Northcoast Research assumed coverage on shares of WESCO International (NYSE: WCC) in a report issued on Tuesday. The firm set a “buy” rating on the stock.
WESCO International traded down 0.96% on Tuesday, hitting $53.75. WESCO International has a 1-year low of $31.08 and a 1-year high of $68.19. The company has a market cap of $2.747 billion and a price-to-earnings ratio of 12.31.
WESCO International last issued its quarterly earnings data on Thursday, July 19th. The company reported $1.15 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.22 by $0.07. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts predict that WESCO International will post $4.68 earnings per share for the current fiscal year.
WCC has been the subject of a number of other recent research reports. Analysts at UBS AG reiterated a “buy” rating on shares of WESCO International in a research note to investors on Friday. Separately, analysts at FBR Capital cut their price target on shares of WESCO International from $71.00 to $68.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Citigroup cut their price target on shares of WESCO International to $68.00 in a research note to investors on Thursday, June 28th.
WESCO International, Inc. (WESCO International) is a distributor of products and provider of supply chain management and logistics services used primarily in industrial, construction, utility and commercial, institutional and Government markets.
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