While Wesco International, Inc has underperformed by -4.56%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WCC fell by -15.01%, with highs and lows ranging from $216.17 to $125.21, whereas the simple moving average fell by -16.16% in the last 200 days.
On October 16, 2024, Robert W. Baird Upgraded Wesco International, Inc (NYSE: WCC) to Outperform. A report published by Robert W. Baird on May 29, 2024, Downgraded its rating to ‘Neutral’ for WCC. RBC Capital Mkts also Downgraded WCC shares as ‘Sector Perform’, setting a target price of $173 on the company’s shares in a report dated February 13, 2024. Robert W. Baird May 05, 2023d its ‘Neutral’ rating to ‘Outperform’ for WCC, as published in its report on May 05, 2023. Jefferies’s report from October 17, 2022 suggests a price prediction of $150 for WCC shares, giving the stock a ‘Buy’ rating. Loop Capital also rated the stock as ‘Buy’.
Analysis of Wesco International, Inc (WCC)
The current dividend for WCC investors is set at $1.69 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 0.48%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Wesco International, Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 14.34% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.27, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and WCC is recording an average volume of 820.83K. On a monthly basis, the volatility of the stock is set at 5.54%, whereas on a weekly basis, it is put at 11.37%, with a gain of 2.17% over the past seven days. Furthermore, long-term investors anticipate a median target price of $212.80, showing growth from the present price of $146.84, which can serve as yet another indication of whether WCC is worth investing in or should be passed over.
How Do You Analyze Wesco International, Inc Shares?
Wesco International, Inc (WCC) is based in the USA and is one of the most prominent companies operating in the Industrial Distribution market. When comparing Wesco International, Inc shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 11.23, there is a growth in quarterly earnings of 23.57%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.17%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 95.48% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
WCC shares are owned by institutional investors to the tune of 95.48% at present.
