Shares of WESCO International Inc. (NYSE:WCC) traded at a new 52-week high today of $87.62. Approximately 62,000 shares have changed hands today, as compared to an average 30-day volume of 403,000 shares.
Wesco International is a value-added industrial distributor that operates across four distinct end markets: industrial (36% of sales), construction (33%), utility (16%), and commercial, institutional, and government (15%). The company offers more than 1 million products to its 70,000 active customers through a distribution network of 500 branches and 10 distribution centers. Although Wesco generates almost all of its sales in North America, the company has a global reach, with operations in 15 other countries. With the Anixter acquisition in 2020, the firm”s pro forma revenue increases to over $17 billion, and the combined entity easily surpasses W.W. Grainger as the largest industrial distributor in the United States.
In the past 52 weeks, shares of WESCO International Inc. have traded between a low of $13.52 and a high of $87.62 and is now at $85.21, which is 530% above that low price.
WESCO International Inc. (NYSE:WCC) has potential upside of 99.2% based on a current price of $85.21 and analysts’ consensus price target of $169.76.
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