Buckingham Research Lowers Anixter International Price Target to $101.00 (AXE)
Buckingham Research decreased their price objective on shares of Anixter International (NYSE:AXE) from $103.00 to $101.00 in a research note issued on Friday, American Banking and Market News reports. Buckingham Research’s price objective would suggest a potential upside of 15.14% from the stock’s previous close.
Separately, analysts at Wunderlich raised their price target on shares of Anixter International from $97.00 to $105.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $92.74.
Anixter International (NYSE:AXE) opened at 87.72 on Friday. Anixter International has a 1-year low of $64.94 and a 1-year high of $94.87. The stock’s 50-day moving average is $90.20 and its 200-day moving average is $86.86. The company has a market cap of $2.854 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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