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.
Many analysts weighed in on price targets for AXE. The maximum price target given was 98, implying a possible profit of 23.35 percent. The minimum price target given was 82, which equates to a potential downside 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. This can be compared with the average change in earnings estimates over the past 3 months, which is -0.33 percent. Meanwhile, fiscal year estimates have been revised downwards by -1.56 percent, compared to last month. 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 made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 3 analysts decreased their estimates.
AXE has an estimated earnings growth rate of 20.31 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, 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.
AXE has traded between a high of 88.00 and a low of 56.23 over the past year. The current market price is above the trailing year's low by 41.29 percent, and 9.72 percent lower than its 52-week high. 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 market cap of AXE is $2.64 billion. AXE's next earnings release will be on 0000-00-00, which is days away.