Anixter International (AXE) – Analysts’ Weekly Ratings Updates

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Several analysts have recently updated their ratings and price targets for Anixter International (NYSE: AXE):

  • 12/12/2018 – Anixter International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Anixter is a leading global distributor of Network & Security Solutions, Electrical & Electronic Solutions and Utility Power Solutions. They help build, connect, protect and power valuable assets and critical infrastructures. From enterprise networks to industrial MRO supply to video surveillance applications to electric power distribution, they offer full-line solutions, and intelligence, that create reliable, resilient systems that sustain businesses and communities. Through their unmatched global distribution network along with their supply chain and technical expertise, they help lower the cost, risk and complexity of their customers’ supply chains. “
  • 12/10/2018 – Anixter International was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 12/3/2018 – Anixter International was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Anixter is a leading global distributor of Network & Security Solutions, Electrical & Electronic Solutions and Utility Power Solutions. They help build, connect, protect and power valuable assets and critical infrastructures. From enterprise networks to industrial MRO supply to video surveillance applications to electric power distribution, they offer full-line solutions, and intelligence, that create reliable, resilient systems that sustain businesses and communities. Through their unmatched global distribution network along with their supply chain and technical expertise, they help lower the cost, risk and complexity of their customers’ supply chains. “
  • 11/27/2018 – Anixter International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Anixter is a leading global distributor of Network & Security Solutions, Electrical & Electronic Solutions and Utility Power Solutions. They help build, connect, protect and power valuable assets and critical infrastructures. From enterprise networks to industrial MRO supply to video surveillance applications to electric power distribution, they offer full-line solutions, and intelligence, that create reliable, resilient systems that sustain businesses and communities. Through their unmatched global distribution network along with their supply chain and technical expertise, they help lower the cost, risk and complexity of their customers’ supply chains. “
  • 11/21/2018 – Anixter International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Anixter is a leading global distributor of Network & Security Solutions, Electrical & Electronic Solutions and Utility Power Solutions. They help build, connect, protect and power valuable assets and critical infrastructures. From enterprise networks to industrial MRO supply to video surveillance applications to electric power distribution, they offer full-line solutions, and intelligence, that create reliable, resilient systems that sustain businesses and communities. Through their unmatched global distribution network along with their supply chain and technical expertise, they help lower the cost, risk and complexity of their customers’ supply chains. “
  • 11/15/2018 – Anixter International was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Anixter is a leading global distributor of Network & Security Solutions, Electrical & Electronic Solutions and Utility Power Solutions. They help build, connect, protect and power valuable assets and critical infrastructures. From enterprise networks to industrial MRO supply to video surveillance applications to electric power distribution, they offer full-line solutions, and intelligence, that create reliable, resilient systems that sustain businesses and communities. Through their unmatched global distribution network along with their supply chain and technical expertise, they help lower the cost, risk and complexity of their customers’ supply chains. “
  • 10/26/2018 – Anixter International was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 10/24/2018 – Anixter International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Anixter is a leading global distributor of Network & Security Solutions, Electrical & Electronic Solutions and Utility Power Solutions. They help build, connect, protect and power valuable assets and critical infrastructures. From enterprise networks to industrial MRO supply to video surveillance applications to electric power distribution, they offer full-line solutions, and intelligence, that create reliable, resilient systems that sustain businesses and communities. Through their unmatched global distribution network along with their supply chain and technical expertise, they help lower the cost, risk and complexity of their customers’ supply chains. “

AXE opened at $58.77 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.90 and a current ratio of 1.60. Anixter International Inc. has a twelve month low of $56.25 and a twelve month high of $88.85. The stock has a market capitalization of $1.95 billion, a PE ratio of 11.39, a PEG ratio of 1.27 and a beta of 2.08.

Anixter International (NYSE:AXE) last posted its earnings results on Tuesday, October 23rd. The technology company reported $1.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.04. Anixter International had a net margin of 1.39% and a return on equity of 12.90%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Analysts expect that Anixter International Inc. will post 5.75 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of AXE. State of Wisconsin Investment Board lifted its position in Anixter International by 9.1% during the 2nd quarter. State of Wisconsin Investment Board now owns 119,500 shares of the technology company’s stock worth $7,564,000 after buying an additional 10,000 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Anixter International during the 2nd quarter worth about $389,000. Rhumbline Advisers lifted its position in Anixter International by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 76,793 shares of the technology company’s stock worth $4,861,000 after buying an additional 1,117 shares in the last quarter. Bowling Portfolio Management LLC acquired a new position in Anixter International during the 2nd quarter worth about $630,000. Finally, Strs Ohio lifted its position in Anixter International by 15.4% during the 2nd quarter. Strs Ohio now owns 18,700 shares of the technology company’s stock worth $1,183,000 after buying an additional 2,500 shares in the last quarter. 88.93% of the stock is currently owned by institutional investors and hedge funds.

Anixter International Inc, through its subsidiary, Anixter Inc, distributes enterprise cabling and security solutions, electrical and electronic wire and cable products, and utility power solutions. Its Network & Security Solutions segment offers copper and fiber optic cable and connectivity, access control, video surveillance, intrusion and fire/life safety, cabinet, power, cable management, wireless, professional audio/video, voice and networking switche, and other ancillary products for technology, finance, telecommunications service provider, transportation, education, government, healthcare, and retail industries.

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