Barclays Maintains a Hold Rating on Wesco International

By Jason Carr

In a report issued on April 17, Scott Davis from Barclays maintained a Hold rating on Wesco International (NYSE: WCC), with a price target of $68. The company’s shares closed yesterday at $63.85.

According to, Davis is a 3-star analyst with an average return of 1.1% and a 58.6% success rate. Davis covers the Industrial Goods sector, focusing on stocks such as Standex International Corp, Emerson Electric Company, and Honeywell International.

Currently, the analyst consensus on Wesco International is Moderate Buy and the average price target is $75, representing a 17.5% upside.

In a report issued on April 10, RBC Capital also reiterated a Hold rating on the stock with a $75 price target.

Wesco International’s market cap is currently $3.18B and has a P/E ratio of 32.55. The company has a book value ratio of 1.5876.

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2017, Sandra Beach Lin, a Director at WCC sold 4,000 shares for a total of $282,210.

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WESCO International, Inc. engages in the provision of electrical, industrial, and communications maintenance, repair & operating, and original equipment manufacturers products, construction materials, and advanced supply chain management and logistics services. Its products 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 company was founded in 1993 and is headquartered in Pittsburgh, PA.