Wesco International, Inc. (NYSE: WCC)’s stock price has decreased by -5.59 compared to its previous closing price of 180.48. However, the company has seen a 10.35% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-07 that Explore how Wesco International’s (WCC) revenue from international markets is changing and the resulting impact on Wall Street’s predictions and the stock’s prospects.
Is It Worth Investing in Wesco International, Inc. (NYSE: WCC) Right Now?
Wesco International, Inc. (NYSE: WCC) has a higher price-to-earnings ratio of 14.18x compared to its average ratio. WCC has 36-month beta value of 2.06. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 4 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for WCC is 49.85M, and currently, short sellers hold a 2.18% ratio of that float. The average trading volume of WCC on May 08, 2024 was 756.37K shares.
WCC’s Market Performance
WCC stock saw a decrease of 10.35% in the past week, with a monthly decline of -1.39% and a quarterly a decrease of -9.47%. The volatility ratio for the week is 4.13%, and the volatility levels for the last 30 days are 3.03% for Wesco International, Inc. (WCC). The simple moving average for the last 20 days is 6.22% for WCC stock, with a simple moving average of 7.72% for the last 200 days.
Analysts’ Opinion of WCC
Many brokerage firms have already submitted their reports for WCC stocks, with RBC Capital Mkts repeating the rating for WCC by listing it as a “Sector Perform.” The predicted price for WCC in the upcoming period, according to RBC Capital Mkts is $173 based on the research report published on February 13, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see WCC reach a price target of $180. The rating they have provided for WCC stocks is “Overweight” according to the report published on October 06th, 2023.
Robert W. Baird gave a rating of “Outperform” to WCC, setting the target price at $180 in the report published on May 05th of the previous year.
WCC Trading at 5.16% from the 50-Day Moving Average
After a stumble in the market that brought WCC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.82% of loss for the given period.
Volatility was left at 3.03%, however, over the last 30 days, the volatility rate increased by 4.13%, as shares surge +2.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.36% upper at present.
During the last 5 trading sessions, WCC rose by +10.66%, which changed the moving average for the period of 200-days by -2.41% in comparison to the 20-day moving average, which settled at $160.59. In addition, Wesco International, Inc. saw -2.01% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WCC starting from Schulz David S., who sale 1,867 shares at the price of $167.07 back on Mar 01 ’28. After this action, Schulz David S. now owns 100,703 shares of Wesco International, Inc., valued at $311,920 using the latest closing price.
Cameron James, the EVP & GM, Util & Broadband of Wesco International, Inc., sale 5,352 shares at $156.39 during a trade that took place back on Mar 11 ’24, which means that Cameron James is holding 33,595 shares at $836,999 based on the most recent closing price.
Stock Fundamentals for WCC
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.21 for the gross margin
The net margin for Wesco International, Inc. stands at 0.03. The total capital return value is set at 0.12. Equity return is now at value 14.29, with 4.49 for asset returns.
Based on Wesco International, Inc. (WCC), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 1.04. The interest coverage ratio of the stock is 3.42.
Currently, EBITDA for the company is 1.56 billion with net debt to EBITDA at 3.23. When we switch over and look at the enterprise to sales, we see a ratio of 0.61. The receivables turnover for the company is 5.69for trailing twelve months and the total asset turnover is 1.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.21.
Conclusion
To put it simply, Wesco International, Inc. (WCC) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
