After KeyBanc and RBC Capital gave Wesco International (NYSE: WCC) a Buy rating last month, the company received another Buy, this time from Raymond James. Analyst Sam Darkatsh maintained a Buy rating on Wesco International today. The company’s shares closed last Thursday at $102.96.
According to TipRanks.com, Darkatsh is a 4-star analyst with an average return of 6.7% and a 55.3% success rate. Darkatsh covers the Industrial Goods sector, focusing on stocks such as Beacon Roofing Supply, Genuine Parts Company, and Fastenal Company.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wesco International with a $100.33 average price target, representing a -1.8% downside. In a report released today, Oppenheimer also assigned a Buy rating to the stock with a $90.00 price target.
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Based on Wesco International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.13 billion and net profit of $19.98 million. In comparison, last year the company earned revenue of $2.1 billion and had a net profit of $53.1 million.
Based on the recent corporate insider activity of 32 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.
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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.