The stock of Wesco International, Inc (WCC) has seen a 19.50% increase in the past week, with a 29.01% gain in the past month, and a 36.66% flourish in the past quarter. The volatility ratio for the week is 4.68%, and the volatility levels for the past 30 days are at 2.74% for WCC. The simple moving average for the last 20 days is 17.67% for WCC stock, with a simple moving average of 27.27% for the last 200 days.
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 17.00x compared to its average ratio, The 36-month beta value for WCC is at 2.01. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 11 as “hold,” and 0 as “sell.”
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The public float for WCC is 44.49M, and currently, shorts hold a 2.44% of that float. The average trading volume for WCC on November 07, 2024 was 671.19K shares.
WCC) stock’s latest price update
Wesco International, Inc (NYSE: WCC)’s stock price has increased by 13.13 compared to its previous closing price of 187.81. However, the company has seen a 19.50% increase in its stock price over the last five trading sessions. zacks.com reported 2024-11-01 that WCC’s third-quarter 2024 results reflect challenges in the EES and UBS segments. Robust data center growth and new contracts are tailwinds.
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 “Outperform.” The predicted price for WCC in the upcoming period, according to Robert W. Baird is $550 based on the research report published on October 16, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see WCC reach a price target of $195, previously predicting the price at $200. The rating they have provided for WCC stocks is “Neutral” according to the report published on May 29th, 2024.
RBC Capital Mkts gave a rating of “Sector Perform” to WCC, setting the target price at $173 in the report published on February 13th of the current year.
WCC Trading at 25.01% 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 able to rebound, for now settling with 8.41% of gains for the given period.
Volatility was left at 2.74%, however, over the last 30 days, the volatility rate increased by 4.68%, as shares surge +27.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.93% upper at present.
During the last 5 trading sessions, WCC rose by +19.50%, which changed the moving average for the period of 200-days by +22.90% in comparison to the 20-day moving average, which settled at $180.56. In addition, Wesco International, Inc saw 22.19% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WCC starting from Squires Nelson John III, who proposed sale 5,000 shares at the price of $205.00 back on Nov 06 ’24. After this action, Squires Nelson John III now owns shares of Wesco International, Inc, valued at $1,025,000 using the latest closing price.
Squires Nelson John III, the EVP & GM, EES of Wesco International, Inc, sale 10,000 shares at $190.00 during a trade that took place back on Oct 31 ’24, which means that Squires Nelson John III is holding 54,621 shares at $1,900,000 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 13.98, with 4.56 for asset returns.
Based on Wesco International, Inc (WCC), the company’s capital structure generated 0.5 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 1.0. The interest coverage ratio of the stock is 3.31.
Currently, EBITDA for the company is 1.56 billion with net debt to EBITDA at 2.99. When we switch over and look at the enterprise to sales, we see a ratio of 0.68. The receivables turnover for the company is 5.41for 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
In conclusion, Wesco International, Inc (WCC) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
