RBC Capital analyst Deane Dray reiterated a Hold rating on Wesco International (WCC) yesterday and set a price target of $57. The company’s shares closed yesterday at $47, close to its 52-week low of $46.51.
According to TipRanks.com, Dray is a 4-star analyst with an average return of 2.4% and a 51.9% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group Inc, Gates Industrial Corp Plc, and Emerson Electric Company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wesco International with a $62 average price target, implying a 31.9% upside from current levels. In a report issued on December 18, Robert W. Baird also reiterated a Hold rating on the stock with a $60 price target.
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Based on Wesco International’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $66.85 million. In comparison, last year the company had a net profit of $53.68 million.
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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.
