Analysts Set DXP Enterprises, Inc. (DXPE) Target Price at $39.00
DXP Enterprises, Inc. (NASDAQ:DXPE) has been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $39.00.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub cut shares of DXP Enterprises from a “hold” rating to a “sell” rating in a research report on Monday, July 24th.
Shares of DXP Enterprises (DXPE) traded up 0.37% during trading on Friday, reaching $32.44. The company’s stock had a trading volume of 67,817 shares. The stock’s 50 day moving average price is $28.26 and its 200-day moving average price is $33.00. The firm has a market cap of $564.49 million, a PE ratio of 37.72 and a beta of 2.66. DXP Enterprises has a 12 month low of $19.61 and a 12 month high of $42.00.
DXP Enterprises (NASDAQ:DXPE) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. DXP Enterprises had a net margin of 1.58% and a return on equity of 6.15%. The company had revenue of $250.69 million during the quarter, compared to the consensus estimate of $246.15 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities analysts predict that DXP Enterprises will post $0.76 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Frontier Capital Management Co. LLC raised its position in DXP Enterprises by 0.7% in the second quarter. Frontier Capital Management Co. LLC now owns 983,427 shares of the industrial products company’s stock worth $33,928,000 after acquiring an additional 6,714 shares during the period. Dimensional Fund Advisors LP grew its position in shares of DXP Enterprises by 15.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 831,305 shares of the industrial products company’s stock valued at $28,680,000 after acquiring an additional 111,879 shares during the period. Vanguard Group Inc. grew its position in shares of DXP Enterprises by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 826,254 shares of the industrial products company’s stock valued at $28,505,000 after acquiring an additional 47,508 shares during the period. JPMorgan Chase & Co. grew its position in shares of DXP Enterprises by 15.6% during the 1st quarter. JPMorgan Chase & Co. now owns 551,083 shares of the industrial products company’s stock valued at $20,869,000 after acquiring an additional 74,262 shares during the period. Finally, Penn Capital Management Co. Inc. grew its position in shares of DXP Enterprises by 21.5% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 398,571 shares of the industrial products company’s stock valued at $13,751,000 after acquiring an additional 70,619 shares during the period. Institutional investors own 74.18% of the company’s stock.
About DXP Enterprises
DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.
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