Anixter International Inc. (AXE) Receives $86.00 Consensus Price Target from Brokerages
Anixter International Inc. (NYSE:AXE) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $86.00.
Several equities research analysts have weighed in on the company. BidaskClub cut Anixter International from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research lowered Anixter International from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $86.00 price target on shares of Anixter International in a report on Friday, September 1st.
Shares of Anixter International (NYSE:AXE) traded up $1.30 on Monday, hitting $64.45. The company had a trading volume of 163,199 shares, compared to its average volume of 148,312. The company has a quick ratio of 1.17, a current ratio of 2.07 and a debt-to-equity ratio of 0.87. Anixter International has a one year low of $62.40 and a one year high of $88.60. The company has a market capitalization of $2,140.00, a price-to-earnings ratio of 12.59, a P/E/G ratio of 1.24 and a beta of 2.02.
Anixter International (NYSE:AXE) last issued its quarterly earnings data on Tuesday, October 24th. The technology company reported $1.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.21). The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.06 billion. Anixter International had a return on equity of 12.52% and a net margin of 1.86%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 EPS. research analysts anticipate that Anixter International will post 5.13 earnings per share for the current fiscal year.
In related news, VP William Standish sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $76.95, for a total transaction of $76,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert J. Eck sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $86.23, for a total transaction of $224,198.00. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 24,000 shares of company stock valued at $4,195 and sold 29,200 shares valued at $2,413,758. Insiders own 14.70% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. lifted its position in Anixter International by 110.9% during the 2nd quarter. Advisor Group Inc. now owns 1,354 shares of the technology company’s stock worth $106,000 after buying an additional 712 shares in the last quarter. SG Americas Securities LLC acquired a new position in Anixter International during the 2nd quarter valued at about $158,000. Riverhead Capital Management LLC lifted its position in 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 purchasing an additional 931 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Anixter International in the 3rd quarter valued at about $209,000. Finally, Flinton Capital Management LLC increased its stake in Anixter International by 64.0% during the 2nd quarter. Flinton Capital Management LLC now owns 2,788 shares of the technology company’s stock worth $218,000 after purchasing an additional 1,088 shares in the last quarter. 84.62% of the stock is currently owned by institutional investors and hedge funds.
Anixter International Company Profile
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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