Anixter (AXE) Receives Daily News Sentiment Rating of 0.08
Media headlines about Anixter (NYSE:AXE) have been trending somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Anixter earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 44.6584002655683 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
AXE has been the topic of several analyst reports. TheStreet upgraded Anixter from a “c+” rating to a “b-” rating in a report on Wednesday, January 10th. ValuEngine upgraded Anixter from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Zacks Investment Research upgraded Anixter from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, Wells Fargo reiterated a “market perform” rating and set a $90.00 price target (up previously from $78.00) on shares of Anixter in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $90.00.
Anixter stock opened at $79.10 on Thursday. Anixter has a twelve month low of $62.40 and a twelve month high of $88.85. The company has a current ratio of 2.10, a quick ratio of 1.18 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $2,626.82, a P/E ratio of 24.64, a price-to-earnings-growth ratio of 1.24 and a beta of 2.07.
In other news, CEO Robert J. Eck sold 7,800 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $80.12, for a total value of $624,936.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 22,986 shares of company stock worth $1,786,198. Corporate insiders own 14.70% of the company’s stock.
Anixter International Inc, through its subsidiary, Anixter Inc, distributes enterprise cabling and security solutions, electrical and electronic wire and cable products, and utility power solutions. Its Network & Security Solutions segment offers copper and fiber optic cable and connectivity, access control, video surveillance, intrusion and fire/life safety, cabinet, power, cable management, wireless, professional audio/video, voice and networking switche, and other ancillary products for technology, finance, telecommunications service provider, transportation, education, government, healthcare, and retail industries.
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