Anixter International Inc. (AXE) Given Average Recommendation of “Hold” by Analysts
Shares of Anixter International Inc. (NYSE:AXE) have earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $86.00.
A number of research firms have commented on AXE. Zacks Investment Research upgraded Anixter International from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. BidaskClub lowered Anixter International from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Robert W. Baird restated a “hold” rating and set a $86.00 price objective on shares of Anixter International in a research note on Friday, September 1st.
In other Anixter International news, VP William Standish sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $74.70, for a total value of $74,700.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert J. Eck sold 13,600 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $80.00, for a total value of $1,088,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 24,000 shares of company stock worth $4,195 and sold 30,200 shares worth $2,488,458. Company insiders own 14.70% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Advisor Group Inc. boosted its holdings in shares of Anixter International by 110.9% during the 2nd quarter. Advisor Group Inc. now owns 1,354 shares of the technology company’s stock valued at $106,000 after acquiring an additional 712 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Anixter International during the 2nd quarter valued at $158,000. Riverhead Capital Management LLC boosted its holdings in shares of Anixter International by 77.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,131 shares of the technology company’s stock valued at $167,000 after acquiring an additional 931 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Anixter International during the 3rd quarter valued at $209,000. Finally, Flinton Capital Management LLC boosted its holdings in shares of Anixter International by 64.0% during the 2nd quarter. Flinton Capital Management LLC now owns 2,788 shares of the technology company’s stock valued at $218,000 after acquiring an additional 1,088 shares in the last quarter. 84.62% of the stock is currently owned by hedge funds and other institutional investors.
Anixter International (AXE) traded down $0.45 during trading on Monday, reaching $63.30. The company’s stock had a trading volume of 130,400 shares, compared to its average volume of 147,204. Anixter International has a 12-month low of $62.90 and a 12-month high of $88.60. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.17 and a current ratio of 2.07. The company has a market cap of $2,106.14, a price-to-earnings ratio of 12.51, a PEG ratio of 1.23 and a beta of 2.02.
Anixter International (NYSE:AXE) last posted its quarterly earnings data on Tuesday, October 24th. The technology company reported $1.30 EPS for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.21). Anixter International had a return on equity of 12.52% and a net margin of 1.86%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the business earned $1.38 EPS. Anixter International’s revenue was up 3.1% on a year-over-year basis. equities analysts expect that Anixter International will post 5.13 earnings per share for the current year.
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About Anixter International
Anixter International Inc is engaged in the distribution of enterprise cabling and security solutions, electrical and electronic wire and cable products and utility power solutions. The Company operates through three segments: Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS).
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