WESCO International, Inc. Commo (NYSE:WCC):
WESCO International, Inc. Announces Hibbard Retirement.
The company is trading up by 0.36 percent from yesterday’s close.
The stock is trading at $55.15 which is just under $59.20, the 50 day moving average and a tad below the 200 day moving average of $57.38. The 50 day moving average was down $-4.05 or -6.84% whereas the 200 day average was down by -3.88%.
The P/E ratio is currently 13.49 and the market cap of the company 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 now outstanding. Next quarter’s EPS is forecasted to be $0.85 and the next full year EPS is projected to be $4.24.
A few Wall Street investment firms have weighed in on WCC of late. On September 7, 2016 the stock rating was changed to a “Perform” in a report from Oppenheimer which was a cut from the previous “Outperform” rating. On August 24 the company was set at “Buy” by Longbow Research up from the previous “Neutral” rating.
On April 22 the company was downgraded from “Buy” to “Hold” in a report issued by Standpoint Research. On April 14 Susquehanna made no change to the stock rating of “Neutral” but moved up the price target from $43.00 to $52.00.
March 22 investment analysts at Oppenheimer held the company rating at “Outperform” and raised the price target to $58.00 from $49.00. Equity analyst Sterne Agee CRT started covering WCC with a rating of “Neutral”.