Why Anixter International Inc. (NYSE:AXE) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $66.000 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 $4.770 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

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 26.351.

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 -5.080.

Technical Analysis

The technical analysis highlights that Anixter International Inc. Comm current is trading $3.799 points away or +6.377% from its 50-day moving average of $59.576. Further it is trading $8.688 or +15.887% away its 200-day moving average of $54.687.

The 52-week high of Anixter International Inc. (NYSE:AXE) was $70.290 while lowest point recorded in 52-week was $37.600. It implies if stock price makes a movement of over $-6.915, it will record a new 52-week high. In the case of +68.551% drop, it will touch a new 52-week low.

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...

Click Here to See This Now.

(Visited 13 times, 1 visits today)