Wall Street Zen upgraded shares of DXP Enterprises (NASDAQ:DXPE – Free Report) from a buy rating to a strong-buy rating in a research note published on Saturday morning,Wall Street Zen reports.
Several other equities analysts have also weighed in on DXPE. Stephens increased their price objective on shares of DXP Enterprises from $160.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of DXP Enterprises from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 29th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $187.00.
Check Out Our Latest Report on DXPE
DXP Enterprises Trading Down 1.1%
NASDAQ:DXPE opened at $175.79 on Friday. The company has a quick ratio of 2.58, a current ratio of 2.99 and a debt-to-equity ratio of 1.51. The company’s 50 day moving average is $187.14 and its 200-day moving average is $169.09. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 30.95 and a beta of 1.03. DXP Enterprises has a 12 month low of $84.04 and a 12 month high of $208.00.
DXP Enterprises (NASDAQ:DXPE – Get Free Report) last released its earnings results on Wednesday, August 5th. The industrial products company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.59 by $0.17. DXP Enterprises had a net margin of 4.35% and a return on equity of 18.51%. The firm had revenue of $576.46 million during the quarter, compared to analysts’ expectations of $543.00 million.
Institutional Trading of DXP Enterprises
Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new stake in shares of DXP Enterprises in the second quarter valued at approximately $13,566,000. Globeflex Capital L P acquired a new position in DXP Enterprises during the 2nd quarter worth about $6,507,000. Congress Asset Management Co. boosted its stake in shares of DXP Enterprises by 21.7% in the 3rd quarter. Congress Asset Management Co. now owns 64,015 shares of the industrial products company’s stock valued at $11,600,000 after purchasing an additional 11,423 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of DXP Enterprises by 110.6% during the 3rd quarter. SummerHaven Investment Management LLC now owns 17,271 shares of the industrial products company’s stock worth $3,130,000 after buying an additional 9,070 shares in the last quarter. Finally, Diversify Wealth Management LLC bought a new stake in DXP Enterprises in the 1st quarter valued at about $1,226,000. Institutional investors own 74.82% of the company’s stock.
About DXP Enterprises
DXP Enterprises, Inc is an industrial distribution and services company headquartered in Houston, Texas. The company supplies products and technical solutions used to maintain, repair and operate industrial facilities, with a focus on fluid-handling equipment and other critical components.
Its product offerings include pumps, valves, motors, bearings, power-transmission equipment, hoses, gaskets, safety products and other industrial supplies. DXP also provides engineered pumping systems, equipment repair, field services, technical support and supply-chain management solutions designed to help customers improve operating efficiency and reduce equipment downtime.
DXP serves customers across a range of industries, including energy, petrochemical, mining, food and beverage, water and wastewater, manufacturing and general industrial markets.
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