Price Don’t Lie: What’s in WESCO International, Inc. After Making 52-Week High?

Price Don't Lie: What's in WESCO International, Inc. After Making 52 Week High?

The stock of WESCO International, Inc. (NYSE:WCC) hit a new 52-week high and has $83.79 target or 29.00% above today’s $64.95 share price. The 9 months bullish chart indicates low risk for the $3.14B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $83.79 price target is reached, the company will be worth $910.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 680,612 shares traded hands or 14.93% up from the average. WESCO International, Inc. (NYSE:WCC) has risen 13.51% since April 19, 2016 and is uptrending. It has outperformed by 9.65% the S&P500.

WESCO International, Inc. (NYSE:WCC) Ratings Coverage

Out of 13 analysts covering Wesco International Inc. (NYSE:WCC), 4 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 31% are positive. Wesco International Inc. has been the topic of 34 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was upgraded by Longbow on Wednesday, August 24 to “Buy”. The stock of WESCO International, Inc. (NYSE:WCC) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, January 6. As per Friday, January 29, the company rating was maintained by Oppenheimer. Sterne Agee CRT initiated WESCO International, Inc. (NYSE:WCC) on Tuesday, March 22 with “Neutral” rating. On Thursday, September 17 the stock rating was initiated by UBS with “Neutral”. RBC Capital Markets maintained WESCO International, Inc. (NYSE:WCC) rating on Wednesday, December 16. RBC Capital Markets has “Outperform” rating and $53 price target. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, January 29 report. Oppenheimer maintained WESCO International, Inc. (NYSE:WCC) on Wednesday, October 7 with “Outperform” rating. The stock of WESCO International, Inc. (NYSE:WCC) has “Neutral” rating given on Thursday, May 12 by UBS. The stock of WESCO International, Inc. (NYSE:WCC) has “Hold” rating given on Monday, August 24 by Standpoint Research.

According to Zacks Investment Research, “Wesco International, Inc. is a leading provider of electrical products and other industrial MRO supplies and services in North America. The company is also a provider of Integrated Supply services. Their Integrated Supply solutions and outsourcing services fulfill all of a customer’s industrial MRO procurement needs through a highly automated, proprietary electronic procurement and inventory replenishment system.”

Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.36, from 1.36 in 2016Q1. The ratio fall, as 19 funds sold all WESCO International, Inc. shares owned while 64 reduced positions. 40 funds bought stakes while 73 increased positions. They now own 51.25 million shares or 2.06% less from 52.33 million shares in 2016Q1.
Bankshares Of America Corporation De has 416,371 shares for 0% of their US portfolio. Deere And Company accumulated 0.06% or 20,282 shares. Ahl Prtnrs Ltd Liability Partnership accumulated 0.05% or 18,308 shares. Peconic Ptnrs Lc last reported 2.71% of its portfolio in the stock. Vollero Beach Cap Prtn Ltd Liability has 0.23% invested in the company for 19,603 shares. Davis Selected Advisers accumulated 0.11% or 478,557 shares. Franklin Res Incorporated owns 132,035 shares or 0% of their US portfolio. Great Lakes Advsrs Ltd accumulated 0.01% or 5,423 shares. The New York-based Springbok Cap Mngmt Limited Liability has invested 0.03% in WESCO International, Inc. (NYSE:WCC). Jefferies Grp Ltd Liability Co holds 0% of its portfolio in WESCO International, Inc. (NYSE:WCC) for 86 shares. Point72 Asset Management Ltd Partnership has invested 0.28% of its portfolio in WESCO International, Inc. (NYSE:WCC). Tudor Inv Et Al holds 0.16% of its portfolio in WESCO International, Inc. (NYSE:WCC) for 148,000 shares. Alliancebernstein Limited Partnership holds 0.05% or 1.07M shares in its portfolio. Bankshares Of Montreal Can last reported 0.01% of its portfolio in the stock. D E Shaw And last reported 0.02% of its portfolio in the stock.

Insider Transactions: Since September 6, 2016, the stock had 0 insider purchases, and 1 insider sale for $166,957 net activity. Another trade for 2,638 shares valued at $166,957 was sold by Singleton James Louis.

More notable recent WESCO International, Inc. (NYSE:WCC) news were published by: Prnewswire.com which released: “WESCO International, Inc. Reports Third Quarter 2016 Results” on October 27, 2016, also Prnewswire.com with their article: “WESCO International, Inc. Announces Hibbard Retirement” published on October 21, 2016, Prnewswire.com published: “WESCO International, Inc. Announces Its Fourth Quarter 2016 Investor …” on November 02, 2016. More interesting news about WESCO International, Inc. (NYSE:WCC) were released by: Prnewswire.com and their article: “WESCO International, Inc. Names New Chief Financial Officer” published on October 17, 2016 as well as Prnewswire.com‘s news article titled: “WESCO International, Inc. Reports Second Quarter 2016 Results” with publication date: July 28, 2016.

WCC Company Profile

WESCO International, Inc., incorporated on September 17, 1993, is a distributor of products and well-known provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Firm is a well-known provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services. The Company’s primary product categories include general electrical and industrial supplies, wire, cable and conduit, data and broadband communications, power distribution equipment, lighting and lighting control systems, control and automation, motors, and safety. The Firm serves over 80,000 clients across the globe through approximately 500 service branches located in North America, with activities in over 10 additional countries and approximately nine distribution centers located in the United States and Canada. It distributes over 1,000,000 products, grouped into six categories, from approximately 25,000 suppliers utilizing an automated, electronic procurement and inventory replenishment system. In addition, it offers a portfolio of capabilities, which includes supply chain management, logistics and transportation, procurement, warehousing and inventory management, as well as kitting, limited assembly of products and system installation.

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