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.

A number of analysts gave price targets for AXE. The most optimistic price target was 98, implying potential capital gains of 23.35 percent. The most pessimistic analyst gave a price target of 82, which equates to a potential downside of 3.21 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average 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. If we look at the last 90 days instead, we find a net average change of -0.46 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 3 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 3 analysts that revised their FY estimates downwards.

AXE has an estimated earnings growth rate of 20.31 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of AXE is 0.89.

In the trailing 52-weeks, AXE hit 88.00 at the highest peak, while it's lowest trading point was 56.23. Currently the stock is 41.29 percent higher than its low, and 9.72 percent lower than its 52-week 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 stock has a market capitalization of $2.64 billion. AXE will post this quarters earnings in days, on 0000-00-00.