This article was first published on www.analystratings.com
Wesco International (NYSE: WCC) received a Buy rating and a $68 price target from Standpoint analyst Ronnie Moas yesterday. The company’s shares closed yesterday at $51.92, close to its 52-week low of $50.92.
Wesco International has an analyst consensus of Hold.
Based on Wesco International`s latest earnings report from June 30, the company posted quarterly revenue of $1.92B and quarterly net profit of $51.74M. In comparison, last year the company earned revenue of $2.01B and had a net profit of $68.8M.
Unlike Standpoint`s latest rating, based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is neutral on the stock. Most recently, in April 2015, John Engel, a the COB, Pres & CEO of WCC sold 75,000 shares for a total of $5,322,462.
According to TipRanks.com, Moas is a top 25 analyst with an average return of 6.6% and a 68.5% success rate. Moas covers the Technology sector, focusing on stocks such as Metropcs Communications, Lexmark International, and Nuance Communications.
Wesco International Inc is a provider of electrical, industrial, and communications maintenance, repair and operating and original equipment manufacturers products, construction materials, and advanced supply chain management and logistics services.