At the time of writing, Wesco International, Inc. [WCC] stock is trading at $163.94, up 2.60%. An important factor to consider is whether the stock is rising or falling in short-term value. The WCC shares have gain 7.18% over the last week, with a monthly amount glided 2.89%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Wesco International, Inc. [NYSE: WCC] stock has seen the most recent analyst activity on May 29, 2024, when Robert W. Baird downgraded its rating to a Neutral and also revised its price target to $195 from $200. Previously, RBC Capital Mkts downgraded its rating to Sector Perform on February 13, 2024, and dropped its price target to $173. On October 06, 2023, upgrade upgraded it’s rating to Overweight but maintained its price target of $180 on the stock. Robert W. Baird upgraded its rating to a Outperform but stick to its price target of $180 on May 05, 2023. Jefferies upgraded its rating to a Buy and raised its price target to $150 on October 17, 2022. Loop Capital started tracking with a Buy rating for this stock on August 03, 2021, and assigned it a price target of $125. In a note dated December 08, 2020, Wolfe Research upgraded an Outperform rating on this stock and boosted its target price from $71 to $92.
For the past year, the stock price of Wesco International, Inc. fluctuated between $122.30 and $195.43. Currently, Wall Street analysts expect the stock to reach $191.71 within the next 12 months. Wesco International, Inc. [NYSE: WCC] shares were valued at $163.94 at the most recent close of the market. An investor can expect a potential return of 16.94% based on the average WCC price forecast.
Analyzing the WCC fundamentals
According to Wesco International, Inc. [NYSE:WCC], the company’s sales were 21.95B for trailing twelve months, which represents an -4.63% plunge. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.15 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 160.87 points at the first support level, and at 157.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 168.02, and for the 2nd resistance point, it is at 172.11.
Ratios To Look Out For
It is important to note that Wesco International, Inc. [NYSE:WCC] has a current ratio of 2.28. On the other hand, the Quick Ratio is 1.34, and the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 0.37, the price to book ratio is 1.66 and price to earnings (TTM) ratio is 12.73.
Transactions by insiders
Recent insider trading involved Kulasa Matthew S, SVP, Corp. Controller & CAO, that happened on May 24 ’24 when 474.0 shares were sold. EVP & CHRO, Wolf Christine Ann completed a deal on May 24 ’24 to sell 4486.0 shares. Meanwhile, 10% Owner Green Equity Investors VII, L. sold 1.75 million shares on May 07 ’24.
