WESCO INTERNATIONAL Stock Sees Significant Relative Strength Increase to 82

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WESCO International Inc. is a leading provider of electrical, industrial, and communication maintenance, repair and operating (MRO) products, construction materials, and advanced supply chain management and logistics services. Recently, the company’s stock has seen a significant increase in relative strength, with the Relative Strength Rating now at 82. This makes Wesco International ($NYSE:WCC) a stock worth watching for those interested in the industrial and MRO sectors. The increase in relative strength is likely due to Wesco International’s impressive performance over the past year. The company has posted strong year-over-year sales growth as well as consistently beating analysts’ estimates for both earnings and revenues.

Additionally, the company has a strong balance sheet with low debt levels and strong cash flow generation. Investors looking for a reliable stock in the industrial and MRO sectors should seriously consider adding Wesco International to their portfolios. With its strong performance and increasing relative strength rating, Wesco International is definitely a stock worth watching.

Market Price

This was despite the fact that the stock opened at $176.7 and closed at $174.9, a decrease of 1.6% from its previous closing price of 177.7. The relative strength increase indicates that there could be increased investor interest in the stock, despite the apparent dip in value. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Wesco International. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Wesco International. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Wesco International. More…

Key Ratios Snapshot

Some of the financial key ratios for Wesco International are shown below. More…

Analysis

At GoodWhale, we analyzed WESCO INTERNATIONAL‘s financials and found that it had a high health score of 8/10 with regard to its cashflows and debt. This score implies that the company is in a strong position to pay off debt and fund future operations. Furthermore, after taking a closer look at the company’s financials, we determined it was a ‘gorilla’ – a type of company that has achieved stable and high revenue or earning growth due to strong competitive advantages. Given its strong growth, medium asset, dividend, and profitability scores, this type of company may be of interest to investors who are looking for companies with a history of success and a strong position to continue growing in the future. Moreover, WESCO INTERNATIONAL’s financial health indicates that it is in an ideal position to offer a stable return on investment. More…

Peers

The Company’s primary competitors are Fastenal Co, MSC Industrial Direct Co Inc, and Addtech AB.

– Fastenal Co ($NASDAQ:FAST)

The company’s market cap is $27.97B as of 2022 and its ROE is 28.04%. The company is engaged in the distribution of industrial and construction supplies.

– MSC Industrial Direct Co Inc ($NYSE:MSM)

MSC Industrial Direct Co, Inc. engages in the distribution of metalworking and maintenance, repair, and operations (MRO) products and services. It operates through the following segments: Metalworking Solutions Group, MRO Solutions Group, and Fluid Power & Automation Solutions Group. The Metalworking Solutions Group segment offers cutting tools, measuring instruments, tooling components, abrasives, and machine tools. The MRO Solutions Group segment comprises of products used to maintain, repair, and operate facilities and equipment. The Fluid Power & Automation Solutions Group segment provides fluid power components and systems, and automation and control products. The company was founded by Martin Schwartz in 1941 and is headquartered in Melville, NY.

MSC Industrial Direct Co Inc has a market cap of 4.71B as of 2022 and a Return on Equity of 22.14%. The company engages in the distribution of metalworking and maintenance, repair, and operations (MRO) products and services. It operates through the following segments: Metalworking Solutions Group, MRO Solutions Group, and Fluid Power & Automation Solutions Group. The Metalworking Solutions Group segment offers cutting tools, measuring instruments, tooling components, abrasives, and machine tools. The MRO Solutions Group segment comprises of products used to maintain, repair, and operate facilities and equipment. The Fluid Power & Automation Solutions Group segment provides fluid power components and systems, and automation and control products.

– Addtech AB ($LTS:0QI7)

Addtech AB is a Swedish company that provides technology solutions for industrial customers. The company has a market cap of 36 billion as of 2022 and a return on equity of 28.17%. Addtech’s solutions include products and services for automation, motion control, and fluid power. The company operates in four segments: Automation, Motion, Fluid Power, and Industrial Supplies. Addtech employs approximately 3,700 people and has sales offices in Europe, North America, and Asia.

Summary

Wesco International is an electrical distributor and manufacturer of automation, electrical, and industrial products. The company has seen an improvement in its relative strength rating (RSR) over the past few weeks. The RSR indicates that the stock is trading higher than other stocks in the same sector and has jumped to 82, indicating that the stock is a good investment option. Investors should look at company fundamentals such as revenue, earnings, and market capitalization, to assess whether an investment in Wesco International is likely to be profitable.

It is also important to evaluate the performance of the stock over the past year or longer to determine if the performance is likely to continue. Finally, investors should consider any analyst recommendations and news related to Wesco International before investing.