DXP Enterprises, Inc. (NASDAQ:DXPE) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $183.00.

Several equities research analysts have commented on the stock. Wall Street Zen downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Sunday. Freedom Broker upgraded shares of DXP Enterprises from a “hold” rating to a “buy” rating and cut their target price for the stock from $180.00 to $175.00 in a research report on Monday. Weiss Ratings downgraded shares of DXP Enterprises from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, October 26th. Finally, Stephens boosted their price target on shares of DXP Enterprises from $160.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, August 7th.

Institutional Investors Weigh In On DXP Enterprises

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of DXP Enterprises during the second quarter worth $33,000. Nykredit A S purchased a new position in shares of DXP Enterprises in the second quarter valued at $36,000. USA Financial Formulas bought a new stake in shares of DXP Enterprises during the 3rd quarter valued at $39,000. KBC Group NV bought a new stake in shares of DXP Enterprises during the 1st quarter valued at $51,000. Finally, GK Wealth Management LLC purchased a new stake in DXP Enterprises during the 3rd quarter worth about $52,000. Institutional investors own 74.82% of the company’s stock.

DXP Enterprises Stock Performance

Shares of NASDAQ DXPE traded up $15.81 during trading on Monday, reaching $156.50. 155,631 shares of the stock traded hands, compared to its average volume of 155,802. DXP Enterprises has a 52-week low of $84.04 and a 52-week high of $208.00. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.96 and a quick ratio of 2.56. The company has a 50-day moving average of $178.94 and a 200-day moving average of $161.97. The stock has a market capitalization of $2.43 billion, a P/E ratio of 26.04 and a beta of 1.03.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings data on Thursday, November 5th. The industrial products company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.15). DXP Enterprises had a return on equity of 18.67% and a net margin of 4.45%. The firm had revenue of $587.18 million during the quarter, compared to analysts’ expectations of $584.50 million.

About DXP Enterprises

DXP Enterprises, Inc is a distributor of industrial products and provider of related services. It supplies maintenance, repair and operating products, including bearings, power-transmission components, safety equipment and other industrial supplies to customers in a range of industries.

The company also provides pump and rotating-equipment services, such as pump repair and packaged pumping systems, as well as supply-chain services that support customers’ procurement and inventory-management needs.