News stories about Anixter International (NYSE:AXE) have trended somewhat positive on Friday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Anixter International earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.9992658340935 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

A number of equities research analysts recently issued reports on AXE shares. Zacks Investment Research upgraded shares of Anixter International from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Robert W. Baird reiterated a “hold” rating and set 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 set a $82.00 price objective (down from $89.00) on shares of Anixter International in a research note on Wednesday, July 12th. Wolfe Research started coverage on shares of Anixter International in a research note on Tuesday, July 11th. They set an “outperform” rating and a $88.00 price objective for the company. Finally, BidaskClub downgraded shares of Anixter International from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Anixter International currently has a consensus rating of “Hold” and a consensus target price of $86.00.

Anixter International (NYSE AXE) opened at 85.35 on Friday. Anixter International has a 52-week low of $58.99 and a 52-week high of $88.00. The stock’s 50 day moving average is $74.37 and its 200-day moving average is $77.51. The firm has a market capitalization of $2.84 billion, a PE ratio of 19.50 and a beta of 1.98.

Anixter International (NYSE:AXE) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported $1.36 EPS for the quarter, hitting analysts’ consensus estimates of $1.36. Anixter International had a return on equity of 13.09% and a net margin of 1.91%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the company posted $1.32 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. Equities analysts expect that Anixter International will post $5.35 earnings per share for the current year.

In other Anixter International news, VP William Standish sold 1,000 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $77.55, for a total transaction of $77,550.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert J. Eck sold 13,600 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $80.00, for a total value of $1,088,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 557,777 shares of company stock worth $42,813,066 and have sold 16,600 shares worth $1,317,200. Company insiders own 14.70% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Somewhat Positive News Coverage Somewhat Unlikely to Impact Anixter International (AXE) Stock Price” was published by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.dailypolitical.com/2017/09/29/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-anixter-international-axe-stock-price.html.

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).

Insider Buying and Selling by Quarter for Anixter International (NYSE:AXE)

Receive News & Ratings for Anixter International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anixter International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.