Press coverage about Anixter International (NYSE:AXE) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Anixter International earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.0743258309877 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several brokerages recently weighed in on AXE. TheStreet downgraded Anixter International from a “b-” rating to a “c” rating in a research report on Tuesday, November 21st. ValuEngine raised Anixter International from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $90.00 target price (up previously from $78.00) on shares of Anixter International in a research note on Wednesday, January 31st. Finally, Zacks Investment Research raised Anixter International from a “hold” rating to a “strong-buy” rating and set a $96.00 target price for the company in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $90.00.
Shares of Anixter International (NYSE AXE) traded down $0.35 during trading on Wednesday, reaching $78.30. The company had a trading volume of 189,938 shares, compared to its average volume of 166,404. The company has a market capitalization of $2,610.00, a price-to-earnings ratio of 18.38, a P/E/G ratio of 1.24 and a beta of 2.07. Anixter International has a 1-year low of $62.40 and a 1-year high of $88.85. The company has a quick ratio of 1.18, a current ratio of 2.10 and a debt-to-equity ratio of 0.86.
Anixter International (NYSE:AXE) last released its earnings results on Tuesday, January 30th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.10. Anixter International had a return on equity of 12.39% and a net margin of 1.38%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the business posted $1.31 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. research analysts anticipate that Anixter International will post 6.35 EPS for the current fiscal year.
In related news, CEO Robert J. Eck sold 11,000 shares of Anixter International stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $75.00, for a total transaction of $825,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders sold 31,174 shares of company stock valued at $2,390,822. 14.70% of the stock is owned by company insiders.
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About Anixter International
Anixter International Inc is engaged in the distribution of enterprise cabling and security solutions, electrical and electronic wire and cable products and utility power solutions. The Company operates through three segments: Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS).
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