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.
Investment analysts gave a few price targets for AXE. The highest price target was 98, implying a possible profit of 23.35 percent. The minimum price target given was 82, implying potential capital losses of 3.21 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
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. If we look at the last 90 days instead, we find a net average change of -0.46 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 3 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 3 analysts decreased their estimates.
The growth rate of AXE's earnings is estimated by analysts to be 20.31 percent. 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. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. 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 below the high by 9.72 percent. AXE has a price/earnings 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.