Anixter International Price Target Raised to $115.00 at Robert W. Baird (AXE)
Stock analysts at Robert W. Baird upped their target price on shares of Anixter International (NYSE:AXE) from $103.00 to $115.00 in a report issued on Friday, Analyst Ratings Net reports. Robert W. Baird’s price target indicates a potential upside of 8.26% from the company’s previous close.
A number of other firms have also recently commented on AXE. Analysts at Cross Research downgraded shares of Anixter International to a “hold” rating in a research note on Wednesday, February 5th. Separately, 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. Finally, analysts at Wunderlich raised their price target on shares of Anixter International from $97.00 to $105.00 in a research note on Friday, January 31st. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $96.94.
In other Anixter International news, VP William Galvin sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 filing with the SEC, which can be accessed through this link.
Shares of Anixter International (NYSE:AXE) opened at 106.23 on Friday. Anixter International has a 52 week low of $64.94 and a 52 week high of $115.84. The stock’s 50-day moving average is $93.18 and its 200-day moving average is $88.27. The company has a market cap of $3.484 billion and a P/E ratio of 17.37.
Anixter International (NYSE:AXE) last announced its earnings results on Tuesday, February 4th. The company reported $1.60 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.32 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts expect that Anixter International will post $6.49 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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