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Anixter International (NYSE:AXE) was upgraded by McLean Capital Management from a “neutral” rating to a “buy” rating in a research note issued on Friday, Analyst Ratings.Net reports.

In other Anixter International news, VP William Galvin unloaded 1,000 shares of the stock on the open market in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $100.46, for a total value of $100,460.00. Following the transaction, the vice president now directly owns 44,328 shares of the company’s stock, valued at approximately $4,453,191. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A number of other analysts have also recently weighed in on AXE. Analysts at Robert W. Baird raised their price target on shares of Anixter International from $103.00 to $115.00 in a research note on Friday. Separately, analysts at Cross Research downgraded shares of Anixter International to a “hold” rating in a research note on Wednesday, February 5th. Finally, analysts at Buckingham Research cut their price target on shares of Anixter International from $103.00 to $101.00 in a research note on Friday, January 31st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $96.94.

Shares of Anixter International (NYSE:AXE) traded up 1.20% on Friday, hitting $106.23. 1,296,251 shares of the company’s stock traded hands. Anixter International has a one year low of $64.94 and a one year high of $103.85. The stock’s 50-day moving average is $92.29 and its 200-day moving average is $88.00. The company has a market cap of $3.484 billion and a P/E ratio of 17.37.

Anixter International (NYSE:AXE) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.13. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts predict that Anixter International will post $6.49 earnings per share 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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