Systemax Inc. (NYSE:SYX) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation. Systemax’s rating score has improved by 66.7% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokers have set a 1 year consensus price target of $36.00 for the company, according to Zacks. Zacks has also assigned Systemax an industry rank of 111 out of 265 based on the ratings given to its competitors.
Separately, Sidoti upgraded Systemax from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, April 24th.
Institutional investors have recently made changes to their positions in the company. James Investment Research Inc. purchased a new position in shares of Systemax during the fourth quarter valued at $2,253,000. Acadian Asset Management LLC increased its stake in shares of Systemax by 85.6% during the fourth quarter. Acadian Asset Management LLC now owns 60,599 shares of the company’s stock valued at $2,018,000 after buying an additional 27,944 shares during the period. Martingale Asset Management L P purchased a new position in shares of Systemax during the fourth quarter valued at $896,000. Alambic Investment Management L.P. boosted its position in Systemax by 18.9% during the fourth quarter. Alambic Investment Management L.P. now owns 31,679 shares of the company’s stock valued at $1,054,000 after purchasing an additional 5,043 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its position in Systemax by 285.1% during the fourth quarter. Gotham Asset Management LLC now owns 30,718 shares of the company’s stock valued at $1,022,000 after purchasing an additional 22,741 shares in the last quarter. Hedge funds and other institutional investors own 27.75% of the company’s stock.
SYX stock opened at $32.36 on Friday. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 22.01 and a beta of 0.26. Systemax has a twelve month low of $15.40 and a twelve month high of $34.91.
Systemax (NYSE:SYX) last announced its quarterly earnings results on Tuesday, May 1st. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. The firm had revenue of $355.20 million for the quarter. Systemax had a return on equity of 24.34% and a net margin of 5.58%.
The company also recently declared a quarterly dividend, which was paid on Monday, May 21st. Stockholders of record on Monday, May 14th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, May 11th. This represents a $0.44 annualized dividend and a dividend yield of 1.36%.
Systemax Inc operates as a direct marketer of brand name and private label products. Its Industrial Products Group segment sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance, furniture and office, HVAC/R and fans, workbench and shop desks, safety and security, outdoor and grounds maintenance, tools and instruments, office and school supplies, plumbing and pumps, packaging and supplies, electrical and lighting, food service and appliances, raw materials and building supplies, motors and power transmission, pneumatics and hydraulics, medical and laboratory equipment, metalworking and cutting tools, vehicle maintenance, and fasteners and hardware in North America.
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