In a report issued on December 26, Deane Dray from RBC Capital maintained a Hold rating on Wesco International (WCC – Research Report), with a price target of $60.00. The company’s shares closed last Monday at $59.44, close to its 52-week high of $61.02.
According to TipRanks.com, Dray is a 4-star analyst with an average return of 5.1% and a 57.6% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Emerson Electric Company, and Honeywell International.
The word on The Street in general, suggests a Hold analyst consensus rating for Wesco International with a $57.33 average price target.
Wesco International’s market cap is currently $2.48B and has a P/E ratio of 11.49. The company has a Price to Book ratio of 1.13.
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WESCO International, Inc. is a holding company, which engages in the provision of electrical, industrial, and communications maintenance, repair & operating and original equipment manufacturers products. It also offers construction materials, and supply chain management and logistics services.