Anixter International Inc. (NYSE:AXE) has been given an average rating of “Hold” by the eight brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $86.00.
AXE has been the subject of a number of research reports. TheStreet raised Anixter International from a “c+” rating to a “b-” rating in a research report on Wednesday, January 10th. ValuEngine raised Anixter International from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Finally, Zacks Investment Research raised Anixter International from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th.
In other Anixter International news, VP William Standish sold 1,758 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $65.00, for a total value of $114,270.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert J. Eck sold 11,000 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $75.00, for a total value of $825,000.00. The disclosure for this sale can be found here. Insiders sold 20,732 shares of company stock valued at $1,577,404 in the last ninety days. Insiders own 14.70% of the company’s stock.
Anixter International (AXE) traded down $0.90 on Friday, reaching $79.65. The company had a trading volume of 239,231 shares, compared to its average volume of 197,222. The firm has a market capitalization of $2,650.00, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.41 and a beta of 2.03. Anixter International has a 52-week low of $62.40 and a 52-week high of $88.60. The company has a current ratio of 2.07, a quick ratio of 1.17 and a debt-to-equity ratio of 0.87.
Anixter International Company Profile
Anixter International Inc is engaged in the distribution of enterprise cabling and security solutions, electrical and electronic wire and cable products and utility power solutions. The Company operates through three segments: Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS).
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