Anixter International Inc. Sets New 1-Year High at $89.61 (AXE)
Anixter International (NYSE:AXE)’s share price reached a new 52-week high during mid-day trading on Wednesday, Stock Ratings Network reports. The stock traded as high as $89.61 and last traded at $88.56, with a volume of 54,117 shares traded. The stock had previously closed at $88.58.
AXE has been the subject of a number of recent research reports. Analysts at William Blair downgraded shares of Anixter International (NYSE:AXE) from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, August 15th. Separately, analysts at Zacks downgraded shares of Anixter International (NYSE:AXE) from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, August 7th. They now have a $83.20 price target on the stock. Finally, analysts at Wunderlich raised their price target on shares of Anixter International (NYSE:AXE) from $86.00 to $97.00 in a research note to investors on Friday, July 19th. They now have a “hold” rating on the stock.
In other Anixter International news, VP William Galvin unloaded 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $87.78, for a total transaction of $87,780.00. Following the completion of the transaction, the vice president now directly owns 46,828 shares of the company’s stock, valued at approximately $4,110,562. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Anixter International has a one year low of $54.11 and a one year high of $89.47. The stock has a 50-day moving average of $85.94 and a 200-day moving average of $77.27. The company has a market cap of $2.876 billion and a price-to-earnings ratio of 25.77.
Anixter International (NYSE:AXE) last released its earnings data on Tuesday, July 23rd. The company reported $1.39 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.53 by $0.14. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the company posted $1.28 earnings per share. Anixter International’s revenue was up .2% compared to the same quarter last year. Analysts expect that Anixter International will post $5.87 EPS for the current fiscal year.
Anixter International Inc is engaged in the distribution of communications and security products, electrical wire and cable products, fasteners and small parts through Anixter Inc and its subsidiaries (NYSE:AXE).
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