Anixter International (AXE) Receives Daily Coverage Optimism Score of 0.22
Media coverage about Anixter International (NYSE:AXE) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Anixter International earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.8155844209369 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Robert J. Eck Sells 13,600 Shares of Anixter International Inc. (AXE) Stock (americanbankingnews.com)
- Head to Head Contrast: Smith (A.O.) Corporation (AOS) & Anixter International (AXE) (americanbankingnews.com)
- When Should You Buy Anixter International Inc (AXE)? (finance.yahoo.com)
- Anixter International, Inc. – Value Analysis (NYSE:AXE) : September 18, 2017 (finance.yahoo.com)
AXE has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Anixter International from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Robert W. Baird reiterated a “hold” rating and issued a $86.00 price objective on shares of Anixter International in a research note on Friday, September 1st. Wells Fargo & Company reiterated a “market perform” rating and issued a $82.00 price objective (down previously from $89.00) on shares of Anixter International in a research note on Wednesday, July 12th. Finally, Wolfe Research initiated coverage on shares of Anixter International in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $88.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Anixter International has an average rating of “Hold” and an average price target of $86.00.
Shares of Anixter International (AXE) opened at 81.25 on Friday. Anixter International has a 52 week low of $58.99 and a 52 week high of $88.00. The company has a 50 day moving average of $74.37 and a 200 day moving average of $77.51. The firm has a market cap of $2.70 billion, a PE ratio of 18.56 and a beta of 1.98.
Anixter International (NYSE:AXE) last issued its quarterly earnings results on Tuesday, July 25th. The technology company reported $1.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.36. Anixter International had a net margin of 1.91% and a return on equity of 13.09%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the company earned $1.32 EPS. Anixter International’s revenue was up 2.3% on a year-over-year basis. On average, equities research analysts anticipate that Anixter International will post $5.35 EPS for the current fiscal year.
In other Anixter International news, CEO Robert J. Eck sold 13,600 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $80.00, for a total value of $1,088,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William Standish sold 1,000 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $77.55, for a total transaction of $77,550.00. The disclosure for this sale can be found here. Over the last three months, insiders acquired 560,277 shares of company stock valued at $42,813,566 and sold 16,600 shares valued at $1,317,200. 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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