Wells Fargo (NYSE:WFC) analyst Michael McGinn maintained a Buy rating on Wesco International (NYSE:WCC) on Wednesday, setting a price target of $145, which is approximately 24.12% above the present share price of $116.82.
McGinn expects Wesco International to post earnings per share (EPS) of $2.09 for the third quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Wesco International, with an average price target of $135.25.
The analysts price targets range from a high of $147 to a low of $124.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $4.6 billion and a net profit of $218.87 million. The company's market cap is $5.88 billion.
According to TipRanks.com, Wells Fargo analyst Michael McGinn is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 5.8% and a 56.00% success rate.
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. Its product categories include general supplies, wire, cable & conduit, communications & security, electrical distribution and controls, lighting & sustainability and automation, controls & motors. The company was founded in 1993 and is headquartered in Pittsburgh, PA.