Robert W. Baird analyst David Manthey reiterated a Hold rating on Wesco International (NYSE: WCC) today and set a price target of $68. The company’s shares opened today at $59.
According to TipRanks.com, Manthey is a 4-star analyst with an average return of 10.9% and a 67.8% success rate. Manthey covers the Services sector, focusing on stocks such as Foundation Building Materials Inc, Anixter International Inc, and SiteOne Landscape Supply.
Currently, the analyst consensus on Wesco International is a Moderate Buy with an average price target of $71.50, representing a 21.2% upside. In a report released today, Oppenheimer also maintained a Hold rating on the stock.
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Based on Wesco International’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $44.42 million. In comparison, last year the company had a net profit of $49.51 million.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is neutral on the stock.
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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.
