Anixter International (NYSE:AXE) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday.
Several other research analysts also recently issued reports on AXE. Longbow Research upgraded shares of Anixter International from a “neutral” rating to a “buy” rating in a research report on Friday, July 20th. Zacks Investment Research upgraded shares of Anixter International from a “hold” rating to a “strong-buy” rating and set a $81.00 price target on the stock in a research report on Monday, July 30th. Finally, TheStreet upgraded shares of Anixter International from a “c+” rating to a “b” rating in a research report on Wednesday, October 3rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $85.50.
Shares of NYSE:AXE opened at $65.12 on Friday. Anixter International has a 52 week low of $56.25 and a 52 week high of $88.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.94 and a current ratio of 1.60. The firm has a market capitalization of $2.18 billion, a PE ratio of 11.40, a PEG ratio of 1.42 and a beta of 2.17.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Verition Fund Management LLC acquired a new position in Anixter International during the 1st quarter worth about $214,000. Suntrust Banks Inc. acquired a new position in Anixter International during the 1st quarter worth about $215,000. PNC Financial Services Group Inc. lifted its position in Anixter International by 33.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,917 shares of the technology company’s stock worth $185,000 after buying an additional 727 shares in the last quarter. Bridgewater Associates LP bought a new stake in Anixter International during the 2nd quarter worth about $208,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in Anixter International by 34.6% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,074 shares of the technology company’s stock worth $309,000 after purchasing an additional 1,047 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.
Anixter International Company Profile
Anixter International Inc, through its subsidiary, Anixter Inc, distributes enterprise cabling and security solutions, electrical and electronic wire and cable products, and utility power solutions. Its Network & Security Solutions segment offers copper and fiber optic cable and connectivity, access control, video surveillance, intrusion and fire/life safety, cabinet, power, cable management, wireless, professional audio/video, voice and networking switche, and other ancillary products for technology, finance, telecommunications service provider, transportation, education, government, healthcare, and retail industries.
Recommended Story: 52-Week High/Low Prices For Stock Selection
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Anixter International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anixter International and related companies with MarketBeat.com's FREE daily email newsletter.