Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $62.25 on WESCO International, Inc. (NYSE:WCC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.97 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of WESCO International, Inc. (NYSE:WCC) stands at 15.49.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For WESCO International, Inc. Commo, the PEG ratio for coming 3-5 years is 3.38.
The technical analysis highlights that WESCO International, Inc. Commo current is trading $5.79 points away or +10.06% from its 50-day moving average of $57.54. Further it is trading $8.64 or +15.81% away its 200-day moving average of $54.69.
The 52-week high of WESCO International, Inc. (NYSE:WCC) was $63.51 while lowest point recorded in 52-week was $34.00. It implies if stock price makes a movement of over $-0.18, it will record a new 52-week high. In the case of +86.26% drop, it will touch a new 52-week low.
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