WESCO International, Inc. (WCC) Is At $62.90 Formed Wedge; Profile of 2 Analysts Covering Associated British Foods plc (ASBFY)

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Among 6 analysts covering Associated British Foods (OTCMKTS:ASBFY), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Associated British Foods had 8 analyst reports since September 13, 2016 according to SRatingsIntel. Jefferies upgraded the shares of ASBFY in report on Friday, October 21 to “Hold” rating. Goldman Sachs downgraded Associated British Foods plc (OTCMKTS:ASBFY) on Tuesday, November 7 to “Hold” rating. The firm earned “Add” rating on Thursday, January 12 by Numis Securities. The rating was downgraded by Jefferies to “Underperform” on Tuesday, September 13. The firm earned “Underperform” rating on Thursday, January 26 by BNP Paribas. On Friday, September 23 the stock rating was upgraded by Numis Securities to “Add”. The company was upgraded on Friday, November 11 by Societe Generale. Kepler Cheuvreux upgraded the stock to “Hold” rating in Wednesday, November 9 report. See Associated British Foods plc (OTCMKTS:ASBFY) latest ratings:

07/11/2017 Broker: Goldman Sachs Rating: Hold Downgrade

WESCO International, Inc. (WCC) formed wedge down with $61.01 target or 3.00% below today’s $62.90 share price. WESCO International, Inc. (WCC) has $2.96 billion valuation. The stock increased 2.11% or $1.3 during the last trading session, reaching $62.9. About 256,839 shares traded. WESCO International, Inc. (NYSE:WCC) has declined 10.64% since April 13, 2017 and is downtrending. It has underperformed by 22.19% the S&P500.

Associated British Foods plc operates as a diversified food, ingredients, and retail firm worldwide. The company has market cap of $28.35 billion. It operates through five divisions: Grocery, Sugar, Agriculture, Ingredients, and Retail. It has a 17.39 P/E ratio. The Grocery segment makes and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products to retail, wholesale, and foodservice businesses.

The stock decreased 0.15% or $0.06 during the last trading session, reaching $36.94. About shares traded. Associated British Foods plc (OTCMKTS:ASBFY) has 0.00% since April 13, 2017 and is . It has underperformed by 11.55% the S&P500.

Investors sentiment increased to 1.27 in Q4 2017. Its up 0.29, from 0.98 in 2017Q3. It is positive, as 17 investors sold WESCO International, Inc. shares while 68 reduced holdings. 43 funds opened positions while 65 raised stakes. 46.81 million shares or 2.52% more from 45.65 million shares in 2017Q3 were reported. Alpha Windward Llc holds 0.34% of its portfolio in WESCO International, Inc. (NYSE:WCC) for 8,297 shares. Dimensional Fund Advsrs Lp holds 3.88M shares. American Incorporated reported 1,019 shares. Winslow Evans & Crocker has 3,368 shares for 0.07% of their portfolio. Fort Washington Investment Advsrs Inc Oh reported 0.04% of its portfolio in WESCO International, Inc. (NYSE:WCC). Canada Pension Plan Investment Board reported 0.03% in WESCO International, Inc. (NYSE:WCC). Moreover, Parametric Portfolio Assoc Ltd has 0.01% invested in WESCO International, Inc. (NYSE:WCC). Harris Assocs Limited Partnership holds 0.08% or 713,075 shares in its portfolio. Pub Employees Retirement Of Ohio accumulated 0.06% or 171,108 shares. 8,060 are held by Art Advsrs Ltd Liability Corp. 5,966 were reported by Tudor Inv Corporation Et Al. Franklin Res Inc stated it has 230,300 shares or 0.01% of all its holdings. Cornercap Inv Counsel Inc invested 0.12% of its portfolio in WESCO International, Inc. (NYSE:WCC). Oppenheimer Asset Management owns 7,660 shares or 0.01% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 2,615 shares.

Among 20 analysts covering Wesco International Inc. (NYSE:WCC), 9 have Buy rating, 0 Sell and 11 Hold. Therefore 45% are positive. Wesco International Inc. had 71 analyst reports since July 24, 2015 according to SRatingsIntel. On Friday, October 6 the stock rating was maintained by Wells Fargo with “Outperform”. The company was maintained on Thursday, October 26 by KeyBanc Capital Markets. The firm earned “Hold” rating on Tuesday, January 23 by UBS. The stock of WESCO International, Inc. (NYSE:WCC) earned “Outperform” rating by Oppenheimer on Friday, January 29. Credit Suisse maintained the shares of WCC in report on Tuesday, October 31 with “Outperform” rating. The stock has “Hold” rating by Robert W. Baird on Tuesday, October 3. The company was maintained on Wednesday, June 7 by Oppenheimer. The firm earned “Equal Weight” rating on Wednesday, December 16 by Barclays Capital. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, January 6. The firm has “Hold” rating by RBC Capital Markets given on Thursday, February 1.

Analysts await WESCO International, Inc. (NYSE:WCC) to report earnings on April, 26 before the open. They expect $0.88 EPS, up 15.79% or $0.12 from last year’s $0.76 per share. WCC’s profit will be $41.41M for 17.87 P/E if the $0.88 EPS becomes a reality. After $1.03 actual EPS reported by WESCO International, Inc. for the previous quarter, Wall Street now forecasts -14.56% negative EPS growth.

Since December 12, 2017, it had 0 insider buys, and 3 selling transactions for $473,804 activity. Singleton James Louis had sold 5,898 shares worth $376,603. The insider UTTER LYNN M sold $50,350.

WESCO International, Inc. (NYSE:WCC) Institutional Positions Chart

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