DA Davidson Reiterates Buy Rating on WESCO International
DA Davidson maintains a buy rating on WESCO International with a $440 price target, a 19.01% upside from the current price.
Key Points
- DA Davidson reiterated its buy rating for WESCO International, Inc. (NYSE: WCC) on June 16, 2026, with a price target of $440.
- DA Davidson's $440 price target implies 19.01% upside from WESCO International, Inc.'s ($WCC) current $369.72 share price.
- WESCO's stock, trading near $347.79, has a market cap of $16.94 billion and a P/E ratio of 24.75.
- Insider Hemant Porwal sold shares in May 2026, while analysts maintain favorable ratings with targets up to $415.
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On June 16, 2026, DA Davidson reiterated its buy rating for WESCO International, Inc. (NYSE: WCC), setting a price target of $440. The reaffirmation by analyst Chris Dankert suggests continued confidence in the company's prospects.
WESCO International, Inc. Stock Up 9.9%
Shares of NYSE:WCC traded near $347.79. WESCO International has a market capitalization of approximately $16.94 billion. The company features a P/E ratio of 24.75 and a forward P/E of 18.49, indicating investor expectations for future earnings growth. WESCO's stock has a beta of 1.539, reflecting higher volatility compared to the market. The 52-week range spans from $171.36 to $377.90, with the stock's 50-day moving average at $338.75 and a 200-day moving average of $276.34. The company maintains a current ratio of 2.123 and a quick ratio of 1.162, alongside a debt-to-equity ratio of 127.711.
Recent Earnings
WESCO International reported revenue of approximately $24.25 billion, with a revenue growth of 13.8%. The company achieved an EPS of $14.05 and a net margin of 2.79%. Return on equity was 13.4%. The next earnings release is scheduled for July 30, 2026.
Dividend
WESCO pays an annual dividend rate of $2.00, yielding about 0.58% with a payout ratio of 13.24%.
Insider Buying and Selling at WESCO International, Inc.
In May 2026, Hemant Porwal, EVP of Supply Chain & Operations at WESCO, executed several transactions. On May 11, he sold 4,445 shares at an average price of $363.21. Earlier, on May 6, Porwal sold 3,420 shares at $363.12 and 2,770 shares at $360.64. He also bought 9,510 shares at $62.80 on the same day.
Analysts Set New Price Targets
On June 16, 2026, DA Davidson reiterated its buy rating for WESCO with a $440 price target. Previously, Barclays maintained a buy rating with a $375 target on May 4, 2026. Stephens & Co. held a hold rating with a $350 target on the same day. RBC Capital and Keybanc both maintained buy ratings with targets of $411 and $415, respectively, on May 1, 2026. The consensus recommendation is a buy, with a mean target price of $375.10 based on 10 analyst opinions.
About WESCO International
WESCO International, Inc. is a leading provider of business-to-business distribution, logistics services, and supply chain solutions. Headquartered in Pittsburgh, Pennsylvania, the company operates through three segments: Electrical & Electronic Solutions, Communications & Security Solutions, and Utility & Broadband Solutions. Under the leadership of CEO John J. Engel, WESCO serves a global clientele with a workforce of approximately 21,000 employees.
Bottom Line
DA Davidson's reaffirmation of its buy rating for WESCO International highlights the firm's positive outlook on the company. With shares trading near $347.79, WESCO's solid earnings and growth prospects contribute to its appeal among investors. Analyst ratings and insider transactions provide additional context for stakeholders assessing the company's future performance.
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