News coverage about Anixter International (NYSE:AXE) has trended somewhat positive recently, Accern reports. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Anixter International earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.5740695966348 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Anixter International (NYSE:AXE) traded up $0.40 on Friday, hitting $76.35. 145,831 shares of the stock traded hands, compared to its average volume of 224,642. Anixter International has a 52-week low of $62.40 and a 52-week high of $88.85. The stock has a market cap of $2,540.32, a PE ratio of 23.79, a PEG ratio of 1.20 and a beta of 2.06. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.10 and a quick ratio of 1.18.
Anixter International (NYSE:AXE) last posted its earnings results on Tuesday, January 30th. The technology company reported $1.41 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.10. Anixter International had a net margin of 1.38% and a return on equity of 12.39%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the prior year, the company posted $1.31 earnings per share. Anixter International’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities analysts expect that Anixter International will post 6.35 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on AXE. Zacks Investment Research raised shares of Anixter International from a “hold” rating to a “strong-buy” rating and set a $96.00 price target for the company in a research report on Thursday, February 1st. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $90.00 price target (up previously from $78.00) on shares of Anixter International in a research report on Wednesday, January 31st. ValuEngine cut shares of Anixter International from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Finally, TheStreet raised shares of Anixter International from a “c+” rating to a “b-” rating in a research report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $90.00.
In related news, CEO Robert J. Eck sold 7,800 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $80.12, for a total transaction of $624,936.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP William Standish sold 1,758 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $65.00, for a total transaction of $114,270.00. The disclosure for this sale can be found here. Insiders have sold 20,732 shares of company stock valued at $1,577,404 in the last three months. 14.70% of the stock is currently owned by corporate insiders.
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About Anixter International
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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