Stock To Watch: Anixter International Inc. (NYSE:AXE)


The leading market experts have placed a mean price target of $65.00 on Anixter International Inc. (NYSE:AXE) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.41 a share for the upcoming quarter and $4.88 for the current fiscal. Technical View The technical analysis of Anixter International Inc. Comm plainly substantiates that the 50-day moving average of Anixter International Inc. Comm is $58.90, and stock is hovering -3.35 or -5.69% distant from $58.90. It is noted that the 200-day MA is $53.30, and Anixter International Inc. Comm stock is $2.25 or +4.22% off from this point. Anixter International Inc. (NYSE:AXE) 52-week high is $70.29 and the 52-week low is $37.60. This explains if the stock moves $-14.74, it will post a 52-week high. In event of $+47.74% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Anixter International Inc. Comm, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Anixter International Inc. (NYSE:AXE) ratio came in at 14.10. The stock last ended the trading session at $55.55 and registered a market cap of $1.84B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Anixter International Inc. (NYSE:AXE) PEG ratio is at -2.71.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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