Systemax Inc. (NYSE:SYX) has received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus target price of $34.00 for the company and are forecasting that the company will post $0.41 earnings per share for the current quarter, according to Zacks. Zacks has also given Systemax an industry rank of 30 out of 256 based on the ratings given to related companies.
SYX has been the topic of several recent research reports. Zacks Investment Research raised Systemax from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Friday, March 1st. TheStreet downgraded Systemax from a “b-” rating to a “c+” rating in a research note on Friday, March 22nd.
In other news, Director Lawrence P. Reinhold sold 35,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $22.22, for a total value of $777,700.00. Following the transaction, the director now directly owns 215,011 shares of the company’s stock, valued at approximately $4,777,544.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 67.20% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc raised its stake in Systemax by 26.5% during the 4th quarter. Legal & General Group Plc now owns 2,366 shares of the company’s stock worth $57,000 after buying an additional 495 shares during the period. Royce & Associates LP raised its stake in Systemax by 0.3% during the 1st quarter. Royce & Associates LP now owns 189,824 shares of the company’s stock worth $4,298,000 after buying an additional 509 shares during the period. Martingale Asset Management L P raised its stake in Systemax by 1.9% during the 4th quarter. Martingale Asset Management L P now owns 49,404 shares of the company’s stock worth $1,181,000 after buying an additional 900 shares during the period. Portolan Capital Management LLC raised its stake in Systemax by 1.1% during the 4th quarter. Portolan Capital Management LLC now owns 88,182 shares of the company’s stock worth $2,107,000 after buying an additional 941 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in Systemax by 651.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,706 shares of the company’s stock worth $61,000 after buying an additional 2,346 shares during the period. 28.72% of the stock is currently owned by institutional investors and hedge funds.
SYX traded up $0.08 during midday trading on Friday, hitting $21.45. 100 shares of the company were exchanged, compared to its average volume of 63,818. The firm has a market capitalization of $794.61 million, a price-to-earnings ratio of 17.32 and a beta of 0.09. Systemax has a 1-year low of $19.60 and a 1-year high of $47.75. The business has a 50 day moving average price of $21.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.72 and a quick ratio of 1.05.
Systemax (NYSE:SYX) last announced its earnings results on Tuesday, April 30th. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.05. The firm had revenue of $232.20 million for the quarter, compared to the consensus estimate of $231.65 million. Systemax had a return on equity of 25.22% and a net margin of 20.96%. Systemax’s revenue was up 9.4% compared to the same quarter last year. On average, equities analysts predict that Systemax will post 1.39 EPS for the current year.
Systemax Inc operates as a direct marketer of brand name and private label industrial and business equipment and supplies in North America. It sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance products, furniture and office products, workbenches and shop desks, HVAC/R and fans, safety and security products, outdoor and grounds maintenance products, tools and instruments, and office and school supplies.
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