Wesco International, Inc. (NYSE: WCC) has a price-to-earnings ratio that is above its average at 13.25x. The stock has a 36-month beta value of 2.06. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 4 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for WCC is 46.17M, and at present, short sellers hold a 4.48% of that float. On July 04, 2024, the average trading volume of WCC was 803.27K shares.
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WCC) stock’s latest price update
Wesco International, Inc. (NYSE: WCC)’s stock price has soared by 1.13 in relation to previous closing price of 157.39. Nevertheless, the company has seen a gain of 1.00% in its stock price over the last five trading days. prnewswire.com reported 2024-07-02 that PITTSBURGH, July 2, 2024 /PRNewswire/ — Wesco International (NYSE: WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, has certified as a Great Place to Work® in the U.S. “We’re particularly proud of this award, because the recognition comes directly from our employees,” says Chris Wolf, Chief Human Resources Officer at Wesco. “We knew we had a great culture here, but we’re honored to make it official with Great Place to Work certification.
WCC’s Market Performance
Wesco International, Inc. (WCC) has seen a 1.00% rise in stock performance for the week, with a -10.16% decline in the past month and a -8.63% plunge in the past quarter. The volatility ratio for the week is 2.60%, and the volatility levels for the past 30 days are at 2.77% for WCC. The simple moving average for the past 20 days is -4.83% for WCC’s stock, with a -1.10% simple moving average for the past 200 days.
Analysts’ Opinion of WCC
Many brokerage firms have already submitted their reports for WCC stocks, with Robert W. Baird repeating the rating for WCC by listing it as a “Neutral.” The predicted price for WCC in the upcoming period, according to Robert W. Baird is $195 based on the research report published on May 29, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see WCC reach a price target of $173, previously predicting the price at $202. The rating they have provided for WCC stocks is “Sector Perform” according to the report published on February 13th, 2024.
JP Morgan gave a rating of “Overweight” to WCC, setting the target price at $180 in the report published on October 06th of the previous year.
WCC Trading at -7.02% 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 -18.55% of loss for the given period.
Volatility was left at 2.77%, however, over the last 30 days, the volatility rate increased by 2.60%, as shares sank -7.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.08% upper at present.
During the last 5 trading sessions, WCC rose by +1.04%, which changed the moving average for the period of 200-days by +3.98% in comparison to the 20-day moving average, which settled at $166.58. In addition, Wesco International, Inc. saw -8.46% 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.
Wolf Christine Ann, the EVP & CHRO of Wesco International, Inc., sale 4,486 shares at $190.13 during a trade that took place back on May 24 ’24, which means that Wolf Christine Ann is holding 30,304 shares at $852,919 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 0.58. 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 sum up, Wesco International, Inc. (WCC) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
