Anixter International Inc. (NYSE:AXE) has been given an average rating of “Buy” by the five ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $94.67.
Several brokerages recently commented on AXE. ValuEngine downgraded shares of Anixter International from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Zacks Investment Research raised shares of Anixter International from a “hold” rating to a “strong-buy” rating and set a $113.00 price objective for the company in a research note on Friday, February 7th. Finally, Longbow Research cut shares of Anixter International from a “buy” rating to a “neutral” rating and set a $81.00 price target for the company. in a research report on Thursday, October 31st. They noted that the move was a valuation call.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CNH Partners LLC acquired a new position in Anixter International in the 4th quarter valued at approximately $37,931,000. Blueshift Asset Management LLC acquired a new position in Anixter International in the 4th quarter valued at approximately $1,100,000. Schonfeld Strategic Advisors LLC acquired a new position in Anixter International in the 4th quarter valued at approximately $663,000. UBS Asset Management Americas Inc. increased its position in Anixter International by 18.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 40,250 shares of the technology company’s stock valued at $3,707,000 after acquiring an additional 6,406 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Anixter International by 202.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 453,013 shares of the technology company’s stock valued at $41,722,000 after acquiring an additional 303,425 shares during the period. Hedge funds and other institutional investors own 86.10% of the company’s stock.
NYSE:AXE traded down $0.31 on Friday, hitting $98.25. The company had a trading volume of 240,467 shares, compared to its average volume of 539,562. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 1.58 and a beta of 1.91. The company has a current ratio of 2.03, a quick ratio of 1.13 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average of $97.40 and a two-hundred day moving average of $78.81. Anixter International has a 52 week low of $52.94 and a 52 week high of $99.39.
Anixter International (NYSE:AXE) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $2.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.55. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.18 billion. Anixter International had a net margin of 2.97% and a return on equity of 14.80%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.53 EPS. As a group, equities analysts forecast that Anixter International will post 7.73 EPS for the current year.
About Anixter International
Anixter International Inc, through its subsidiary, Anixter Inc, distributes enterprise cabling and security solutions, electrical and electronic wire and cable solutions, and utility power solutions worldwide. The company operates through Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS) segments.
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