Wunderlich Increases Anixter International Price Target to $105.00 (AXE)
Stock analysts at Wunderlich upped their target price on shares of Anixter International (NYSE:AXE) from $97.00 to $105.00 in a report issued on Friday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Wunderlich’s price target would indicate a potential upside of 18.04% from the stock’s previous close.
Shares of Anixter International (NYSE:AXE) traded down 1.07% on Friday, hitting $88.00. 79,909 shares of the company’s stock traded hands. Anixter International has a one year low of $64.94 and a one year high of $94.87. The stock has a 50-day moving average of $90.03 and a 200-day moving average of $86.81. The company has a market cap of $2.864 billion and a P/E ratio of 20.01.
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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