Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $66.00 on Anixter International Inc. (NYSE:AXE) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.77 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Anixter International Inc. (NYSE:AXE) stands at 26.00.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Anixter International Inc. Comm, the PEG ratio for coming 3-5 years is -5.08.
The technical analysis highlights that Anixter International Inc. Comm current is trading $3.26 points away or +5.50% from its 50-day moving average of $59.27. Further it is trading $7.90 or +14.46% away its 200-day moving average of $54.63.
The 52-week high of Anixter International Inc. (NYSE:AXE) was $70.29 while lowest point recorded in 52-week was $37.60. It implies if stock price makes a movement of over $-7.76, it will record a new 52-week high. In the case of +66.30% drop, it will touch a new 52-week low.
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