WCC Price Prediction Next Week
Analysis and Insights
To predict the stock price of WCC for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
WCC's stock is currently trading at $163, with key Fibonacci levels indicating a pivot point at $172.38, resistance at $182.06, and support at $162.69. The stock is approaching its lower support level, suggesting potential volatility.
- RSI (6-period): 30.85, indicating oversold conditions.
- MACD: -5.64, showing bearish momentum.
- Stochastic Oscillator: %K (20.85) and %D (17.96) are below 20, confirming bearishness.
News Sentiment and Fundamental Analysis:
- Analyst Ratings: KeyBanc maintains a Buy rating with a $245 target, while the consensus is a Strong Buy with a $235.40 target, indicating a 24.93% upside potential.
- Insider Activity: Negative sentiment with increased insider selling, including a notable sale by SVP Matthew Kulasa.
- Corporate Developments: WCC upgraded its John Neff Low PE Investor model score to 79% from 60%, showing improved fundamentals. The company also increased its senior notes offering to $800M, proceeds from which will redeem higher-cost preferred stock.
Price Prediction and Recommendation:
Given the oversold RSI and nearby support, WCC may experience a short-term bounce. However, bearish technical indicators and negative insider sentiment suggest downward pressure. The stock is likely to test the lower support at $156.71 next week.
Prediction: The stock price is expected to decline to $155.
Recommendation: Sell, as technical indicators and insider sentiment suggest a bearish outlook.
WCC Similar Chart Price Prediction
The price of WCC is predicted to go up 23.13%, based on the high correlation periods with MATW. The similarity of these two price pattern on the periods is 95.3%.
WCC
MATW
Up: 23.13%Similarity: 95.3%
WCC Revenue Forecast
WCC EPS Forecast
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WCC VS S&P500
Wesco's transformative acquisition of Anixter should result in stronger growth and profitability, which should help the stock fetch a higher multiple.
Wesco's global footprint and focus on inventory management services help the firm take market share from smaller distributors and support pricing power.
Despite serving cyclical end markets, Wesco's business model generates strong free cash flow throughout the economic cycle. The firm will likely continue to use its cash flow to fund organic growth initiatives, acquisitions, and share repurchases.
WCC Analyst's Forecast
Deane Dray
RBC Capital
Hold
2025-02-12
Price Target
$212 → $213
Upside
+10.18%
RBC Capital raised the firm's price target on Wesco to $213 from $212 and keeps a Sector Perform rating on the shares. The company posted a modest 2% operating miss vs. consensus, with strong free cash flow and initiated as-expected 2025 guidance, while its standout metric was the "zippy" 60% organic growth in datacenter projects and related direct-ship sales, the analyst tells investors in a research note.
Ken Newman
Keybanc
Buy
2024-12-09
Price Target
$225 → $245
Upside
+20.67%
Stephen Volkmann
Jefferies
Strong Buy
2024-12-06
Price Target
$225 → $245
Upside
+18.55%
