Anixter International Inc. (NYSE:AXE) Given Average Rating of “Hold” by Analysts

Shares of Anixter International Inc. (NYSE:AXE) have been given an average recommendation of “Hold” by the five analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $92.33.

AXE has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Anixter International from a “sell” rating to a “buy” rating and set a $106.00 price objective on the stock in a report on Wednesday, May 27th. ValuEngine downgraded Anixter International from a “hold” rating to a “sell” rating in a report on Friday, May 1st.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bartlett & Co. LLC acquired a new stake in shares of Anixter International in the 1st quarter valued at about $53,000. Optimum Investment Advisors acquired a new stake in shares of Anixter International in the first quarter valued at approximately $66,000. PNC Financial Services Group Inc. boosted its holdings in shares of Anixter International by 24.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,616 shares of the technology company’s stock valued at $143,000 after acquiring an additional 317 shares during the period. Contravisory Investment Management Inc. purchased a new position in shares of Anixter International during the second quarter worth approximately $160,000. Finally, First Citizens Bank & Trust Co. acquired a new position in Anixter International in the 1st quarter valued at about $212,000. Institutional investors and hedge funds own 92.86% of the company’s stock.

NYSE:AXE opened at $97.85 on Friday. Anixter International has a 12 month low of $55.35 and a 12 month high of $99.39. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.28 and a quick ratio of 1.31. The firm has a market capitalization of $3.33 billion, a PE ratio of 12.96 and a beta of 1.40. The business’s fifty day moving average price is $97.77 and its 200 day moving average price is $94.73.

About Anixter International

Anixter International Inc, through its subsidiary, Anixter Inc, distributes enterprise cabling and security solutions, electrical and electronic wire and cable solutions, and utility power solutions worldwide. The company operates through Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS) segments.

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