Somewhat Favorable Media Coverage Somewhat Unlikely to Impact DXP Enterprises (DXPE) Stock Price

News coverage about DXP Enterprises (NASDAQ:DXPE) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. DXP Enterprises earned a news impact score of 0.08 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.0201628909045 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Several research analysts recently issued reports on the company. Stephens set a $48.00 price objective on DXP Enterprises and gave the stock a “buy” rating in a research report on Wednesday, March 21st. BidaskClub upgraded DXP Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th. Finally, Zacks Investment Research upgraded DXP Enterprises from a “hold” rating to a “strong-buy” rating and set a $48.00 price objective for the company in a research report on Friday, March 23rd. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $48.33.

Shares of DXP Enterprises stock traded up $0.36 during trading on Thursday, hitting $36.96. 12,806 shares of the company were exchanged, compared to its average volume of 123,192. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.55 and a quick ratio of 1.81. DXP Enterprises has a fifty-two week low of $24.86 and a fifty-two week high of $43.21. The company has a market capitalization of $641.21, a P/E ratio of 42.98 and a beta of 2.26.



In related news, VP David C. Vinson sold 7,290 shares of DXP Enterprises stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $40.00, for a total transaction of $291,600.00. Following the completion of the transaction, the vice president now directly owns 10,563 shares in the company, valued at approximately $422,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David R. Little sold 49,841 shares of DXP Enterprises stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $40.33, for a total value of $2,010,087.53. Following the transaction, the chief executive officer now owns 1,304,873 shares of the company’s stock, valued at $52,625,528.09. The disclosure for this sale can be found here. Insiders have sold a total of 63,306 shares of company stock valued at $2,546,624 over the last 90 days. Insiders own 11.30% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Somewhat Favorable Media Coverage Somewhat Unlikely to Impact DXP Enterprises (DXPE) Stock Price” was first published by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. & international copyright law. The original version of this article can be viewed at https://dakotafinancialnews.com/2018/04/12/somewhat-favorable-media-coverage-somewhat-unlikely-to-impact-dxp-enterprises-dxpe-stock-price.html.

DXP Enterprises Company Profile

DXP Enterprises, Inc engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers in the United States. It operates through three segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services.

Insider Buying and Selling by Quarter for DXP Enterprises (NASDAQ:DXPE)

Receive News & Ratings for DXP Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXP Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply