RBC Capital Keeps Their Hold Rating on Wesco International (WCC)


In a report released yesterday, Deane Dray from RBC Capital reiterated a Hold rating on Wesco International (NYSE: WCC), with a price target of $61. The company’s shares closed yesterday at $53.36.

According to TipRanks.com, Dray is a 4-star analyst with an average return of 3.9% and a 58.8% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group Inc, Emerson Electric Company, and United Technologies Corp.

Currently, the analyst consensus on Wesco International is a Moderate Buy with an average price target of $61, representing a 14.3% upside. In a report released yesterday, Oppenheimer also assigned a Hold rating to the stock.

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Wesco International’s market cap is currently $2.51B and has a P/E ratio of 14.27. The company has a Price to Book ratio of 1.16.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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, Inc. is a holding company, which engages in the provision of electrical, industrial, and communications maintenance, repair, and operating; and original equipment manufacturers products. It also offers construction materials, and supply chain management and logistics services.

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