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Robert W. Baird cut their price objective on shares of Anixter International (NYSE:AXE) from $108.00 to $102.00 in a research note issued on Thursday. Robert W. Baird’s target price indicates a potential upside of 19.06% from the stock’s previous close.

Anixter International (NYSE:AXE) traded down 0.35% on Thursday, hitting $85.67. The stock had a trading volume of 190,553 shares. Anixter International has a 52 week low of $80.26 and a 52 week high of $115.84. The stock’s 50-day moving average is $97.18 and its 200-day moving average is $98.20. The company has a market cap of $2.806 billion and a price-to-earnings ratio of 13.41.

Anixter International (NYSE:AXE) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.57 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.64 by $0.07. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the company posted $1.39 earnings per share. Anixter International’s revenue was up .4% compared to the same quarter last year. Analysts expect that Anixter International will post $6.32 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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