WESCO International, Inc. Commo (NYSE:WCC):
WESCO International, Inc. Reports Third Quarter 2016 Results.
The company is now up since yesterday’s close of $54.95.
Company shares last traded at $55.15 barely below the 50 day moving average of $59.20 and marginally under the 200 day moving average of $57.38. The 50 day moving average went down by -6.84% whereas the 200 day moving average was down $-2.23 or -3.88%.
The P/E ratio is currently 13.49 and market capitalization is 2.33B. As of the last earnings report the EPS was $4.09 and is projected to be $3.94 for the current year with 42,276,000 shares outstanding. Next quarter’s EPS is forecasted at $0.85 with next year’s EPS projected to be $4.24.
Brokerage analysts have issued ratings on the stock of late. On September 7 the company was downgraded to “Perform” from “Outperform” by analysts at Oppenheimer. On August 24 the stock rating was upgraded from “Neutral” to “Buy” in a statement from Longbow Research.
On April 22 the company was downgraded to “Hold” from “Buy” in a report from Standpoint Research. On April 14 Susquehanna held the company rating at “Neutral” but moved up the price target from $43.00 to $52.00.
March 22 investment analysts at Oppenheimer kept the company rating at “Outperform” but raised the price target to $58.00 from $49.00. Sterne Agee CRT starting coverage on the stock with a rating of “Neutral”.