Analyst Ratings for Anixter International Inc. (AXE)Updated: 2017-07-29
An average rating of Overweight has been given to Anixter International Inc. (NYSE:AXE) by analysts covering the stock. AXE had previously received a consensus rating of Hold a month ago.
7 analysts issued ratings on the stock, where 2 gave AXE a buy rating, 0 issued an overweight rating, 5 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 2. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
AXE was given price targets by several analysts. The most optimistic price target was 98, which equates to a potential upside of 23.35 percent. The most pessimistic analyst gave a price target of 82, implying potential capital losses of 3.21 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -0.66 percent. The average change in earnings estimates over the last 90 days is -0.33 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -1.56 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.46 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 3 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 3 analysts decreased their estimates.
AXE has an estimated earnings growth rate of 20.31 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. AXE has a PEG ratio of 0.89.
In the trailing 52-weeks, AXE hit 88.00 at the highest peak, while it's lowest trading point was 56.23. The current market price is above the trailing year's low by 41.29 percent, and 9.72 percent below the high. AXE has a P/E ratio of 18.13. Investors typically compare the P/E ratio to a company's peers in the industry. The AXE value stock report compares AXE to some of its peers using value stock charts. The market cap of AXE is $2.64 billion. AXE will post this quarters earnings in days, on 0000-00-00.