On May 26, 2023, Oppenheimer analyst Christopher Glynn announced that WESCO Intl (NYSE:WCC) has been given an Outperform rating and a price target increase from $180 to $190. This news comes as 10 TipRanks analysts have given a Moderate Buy rating for WESCO International shares, with an average price target of $53.3. In the past 52 weeks, the highest WESCO International stock price was $174.98. Additionally, 14 analysts have provided price forecasts for WESCO International, with a median target of $162.79, a high estimate of $200.00, and a low estimate of $110.00. As of March 27, 2023, WESCO International Inc. has a market cap of $7.06B and 51.1M outstanding shares.
WCC Stock Performance and Investment Opportunities in Wholesale Distribution Industry
On May 26, 2023, WCC stock opened at 136.22, which was higher than the previous day’s close of 133.61. The day’s range was between 135.57 and 139.99, with a volume of 240,234 shares traded. The average volume for the last three months was 582,383 shares. The market cap for WCC was $7.0B.
The earnings growth for WCC in the last year was impressive at 95.16%, and this year’s growth rate is 5.67%. The projected earnings growth rate for the next five years is 10.00%. The revenue growth rate for the last year was 17.58%.
WCC’s P/E ratio was 8.9, which is lower than the industry average, indicating that the stock may be undervalued. The price/sales ratio was 0.31, which is also lower than the industry average, indicating that the stock may be undervalued. The price/book ratio was 1.55, which is slightly higher than the industry average.
WCC operates in the distribution services sector, specifically in the wholesale distributors industry. The corporate headquarters for WCC is located in Pittsburgh, Pennsylvania.
In conclusion, WCC had a positive performance on May 26, 2023, with an increase in stock price compared to the previous day’s close. The company’s impressive earnings growth rate in the last year and projected growth rate for the next five years indicate that it may be a good investment opportunity. The lower P/E ratio and price/sales ratio suggest that the stock may be undervalued.
Wesco International Inc (WCC) Sees Positive Trend in Stock Performance with Potential 30.82% Increase in Target Price
On May 26, 2023, Wesco International Inc (WCC) saw a positive trend in its stock performance. The company’s stock price closed at $139.89, which is the same as the previous day’s closing price. However, the 10 analysts who offer 12-month price forecasts for WCC have a median target of $183.00, with a high estimate of $210.00 and a low estimate of $170.00. This indicates a potential increase of 30.82% from the last price of $139.89.
The current consensus among 11 polled investment analysts is to buy stock in WCC. This rating has held steady since May, when it was unchanged from a buy rating. This indicates that the company’s performance is expected to remain strong in the coming months.
WCC’s current quarter earnings per share (EPS) is $4.49, which is higher than the previous quarter’s EPS of $3.90. The company’s sales for the current quarter are $5.9B, which is also higher than the previous quarter’s sales of $5.3B. WCC is set to report its earnings on August 03, 2023.
The positive trend in WCC’s stock performance is attributed to the company’s strong financial performance. The company’s sales and earnings have been consistently improving over the past few quarters. Furthermore, the positive outlook from analysts indicates that the company’s performance is expected to remain strong in the coming months.
Investors who are looking to invest in WCC should keep an eye on the company’s financial performance and earnings reports. They should also consider the recommendations of analysts before making any investment decisions. Overall, WCC’s strong financial performance and positive outlook from analysts make it a promising investment opportunity.
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