Wesco International, Inc (NYSE: WCC): Think Like A Lender, Not An Investor

Wesco International, Inc (NYSE:WCC) currently has a daily average trading volume of 671.19K but it saw 2712622 shares traded in last market. With a market cap of 10.41B USD, the company’s current market price of $212.47 came rising about 13.13 while comparing to the previous closing price of $187.81. In past 52 weeks, the stock remained buoying in the range of price level as high as $195.99 and as low as $132.37. In the recent trading on the day, stock has struck highest price mark of $200.93 while lowest mark touched by it was $213.29.

Taking a look at 20-day trading activity of Wesco International, Inc (WCC) gives us an average price of $180.56, while its current price level is 8.41% below from 52-week high level whereas it is 60.51% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $169.97 while that of 200 days or SMA-200 reads an average of $166.95. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.68% during that period while stretching the period over a month that decreases to 2.74%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 77.02 which implies that the stock is in overbought territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Robert W. Baird which upgraded the stock as “Outperform” in its note to investors issued on October 16, 2024, recommending a price target of between $522 and $550 for it. Robert W. Baird downgraded its recommendation for the stock as a “Neutral” from “Outperform” on May 29, 2024 while assigning a price target range of $200-$195. RBC Capital Mkts issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $202 and $173.

Over the week, WCC’s stock price is moving 19.50% up while it is 29.01% when we observe its performance for the past one month. Year-to-date it is 22.19% up and over the past year, the stock is showing an upside performance of 52.18%.

Currently, Wesco International, Inc’s total number of outstanding shares is 50.90M. Company’s return on investment (ROI) stands at 5.96% and return on equity (ROE) at 13.98%. It has a price to earnings ratio (P/E ratio) of 17.00 while having a 14.77 of forward P/E ratio. Stock’s beta reads 2.01. Stock has a price to book (P/B) ratio of 2.06 while price to sale or P/S ratio amounts to 0.48. Its return on asset (ROA) is 4.56% on average.