Somewhat Positive News Coverage Somewhat Unlikely to Affect Anixter International (AXE) Share Price
Press coverage about Anixter International (NYSE:AXE) has been trending somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 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 daily sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.0032684139414 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Comparing Polar Power (POLA) and Anixter International (AXE) (americanbankingnews.com)
- Anixter International (AXE) & AZZ (AZZ) Head to Head Comparison (americanbankingnews.com)
- Zacks: Brokerages Anticipate Anixter International Inc. (NYSE:AXE) Will Announce Quarterly Sales of $2.05 Billion (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Anixter International Inc. (finance.yahoo.com)
- ETFs with exposure to Anixter International, Inc. : August 8, 2017 (finance.yahoo.com)
Shares of Anixter International (NYSE:AXE) traded down 1.94% during mid-day trading on Friday, hitting $73.45. The stock had a trading volume of 167,349 shares. The stock has a market cap of $2.44 billion, a P/E ratio of 16.78 and a beta of 1.98. The stock has a 50-day moving average price of $78.18 and a 200 day moving average price of $79.47. Anixter International has a 52 week low of $58.55 and a 52 week high of $88.00.
Anixter International (NYSE:AXE) last released its earnings results on Tuesday, July 25th. The technology company reported $1.36 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.36. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. Anixter International had a net margin of 1.91% and a return on equity of 13.09%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.32 EPS. On average, equities analysts forecast that Anixter International will post $5.35 EPS for the current fiscal year.
Several research analysts have commented on AXE shares. Zacks Investment Research raised Anixter International from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research report on Friday, April 28th. BidaskClub upgraded Anixter International from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Wells Fargo & Company restated a “market perform” rating and set a $82.00 target price (down from $89.00) on shares of Anixter International in a research note on Wednesday, July 12th. Finally, Wolfe Research started coverage on Anixter International in a research note on Tuesday, July 11th. They set an “outperform” rating and a $88.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Anixter International presently has a consensus rating of “Hold” and a consensus target price of $86.00.
In other Anixter International news, VP William Standish sold 1,000 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $76.20, for a total transaction of $76,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Samuel Zell bought 526,277 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were purchased at an average cost of $81.34 per share, with a total value of $42,807,371.18. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 556,277 shares of company stock valued at $42,812,881 and have sold 3,000 shares valued at $232,350. 14.70% of the stock is owned by insiders.
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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