The stock of Wesco International, Inc. (NYSE: WCC) has increased by 3.50 when compared to last closing price of 166.69.Despite this, the company has seen a gain of 10.95% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-18 that WESCO International’s results have consistently missed expectations, driven by weak demand and significant headwinds in its business portfolio, particularly in the utilities segment. Valuations are near long-term averages, but shrinking earnings growth expectations pose downside risks, despite slightly re-rated 1-year fwd P/E multiples. Technical analysis suggests further downside, albeit slowly, before bullish reversals.
Is It Worth Investing in Wesco International, Inc. (NYSE: WCC) Right Now?
The price-to-earnings ratio for Wesco International, Inc. (NYSE: WCC) is 13.40x, which is above its average ratio. Moreover, the 36-month beta value for WCC is 2.03. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 4 as “overweight,” 11 as “hold,” and 0 as “sell.”
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The public float for WCC is 44.62M and currently, short sellers hold a 2.99% of that float. On September 19, 2024, WCC’s average trading volume was 695.62K shares.
WCC’s Market Performance
WCC’s stock has seen a 10.95% increase for the week, with a 9.33% rise in the past month and a 5.18% gain in the past quarter. The volatility ratio for the week is 2.56%, and the volatility levels for the past 30 days are at 2.67% for Wesco International, Inc. The simple moving average for the past 20 days is 8.07% for WCC’s stock, with a 3.82% 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 6.48% 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 -11.72% of loss for the given period.
Volatility was left at 2.67%, however, over the last 30 days, the volatility rate increased by 2.56%, as shares surge +6.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.46% upper at present.
During the last 5 trading sessions, WCC rose by +10.77%, which changed the moving average for the period of 200-days by +6.00% in comparison to the 20-day moving average, which settled at $160.18. In addition, Wesco International, Inc. saw -0.78% 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 Kulasa Matthew S, who sale 474 shares at the price of $191.69 back on May 24 ’24. After this action, Kulasa Matthew S now owns 3,555 shares of Wesco International, Inc., valued at $90,861 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 0.11. Equity return is now at value 14.97, with 4.78 for asset returns.
Based on Wesco International, Inc. (WCC), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 1.07. The interest coverage ratio of the stock is 3.32.
Currently, EBITDA for the company is 1.56 billion with net debt to EBITDA at 3.51. When we switch over and look at the enterprise to sales, we see a ratio of 0.62. The receivables turnover for the company is 5.41for trailing twelve months and the total asset turnover is 1.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.28.
Conclusion
To wrap up, the performance of Wesco International, Inc. (WCC) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
