In a report released today, Kenneth Newman from KeyBanc maintained a Buy rating on Wesco International (WCC – Research Report). The company’s shares closed yesterday at $135.97.
According to TipRanks, Newman is a 4-star analyst with an average return of 10.6% and a 60.47% success rate. Newman covers the Industrials sector, focusing on stocks such as Applied Tech, Herc Holdings, and Distribution Solutions Group.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wesco International with a $186.80 average price target.
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The company has a one-year high of $184.78 and a one-year low of $114.67. Currently, Wesco International has an average volume of 505.4K.
Based on the recent corporate insider activity of 123 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WCC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Wesco International (WCC) Company Description:
WESCO International, Inc. is a holding company, which engages in the provision of electrical, industrial, and communications maintenance, repair & operating and original equipment manufacturers products. It also offers construction materials, and supply chain management and logistics services. Its product categories include general supplies, wire, cable & conduit, communications & security, electrical distribution and controls, lighting & sustainability and automation, controls & motors. The company was founded in 1993 and is headquartered in Pittsburgh, PA.
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