Anixter International Inc. (AXE) Receives $86.00 Consensus Target Price from Analysts
Anixter International Inc. (NYSE:AXE) has earned a consensus recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $86.00.
A number of equities analysts recently commented on AXE shares. Zacks Investment Research downgraded Anixter International from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Robert W. Baird reiterated a “hold” rating and set a $86.00 price objective on shares of Anixter International in a research report on Friday, September 1st. Finally, TheStreet downgraded Anixter International from a “b-” rating to a “c” rating in a research report on Tuesday, November 21st.
In other Anixter International news, CEO Robert J. Eck sold 2,600 shares of Anixter International stock in a transaction on Monday, October 16th. The stock was sold at an average price of $86.23, for a total value of $224,198.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP William Standish sold 1,758 shares of Anixter International stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $65.00, for a total value of $114,270.00. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 9,000 shares of company stock worth $1,595 and sold 30,958 shares worth $2,528,028. 14.70% of the stock is owned by insiders.
Shares of Anixter International (AXE) remained flat at $$70.10 during trading on Friday. The company had a trading volume of 92,989 shares, compared to its average volume of 150,851. Anixter International has a one year low of $62.40 and a one year high of $88.60. The stock has a market cap of $2,332.39, a PE ratio of 13.85, a P/E/G ratio of 1.37 and a beta of 2.03. 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 (NYSE:AXE) last announced 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 analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the business posted $1.38 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. research analysts forecast that Anixter International will post 5.13 EPS for the current fiscal 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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