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 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. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average 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. On the other hand, earnings estimates for the fiscal year have been revised downwards by -1.56 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -0.46 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 3 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 3 analysts made negative revisions to their fiscal year's estimates.
The growth rate of AXE's earnings is estimated by analysts to be 20.31 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. AXE has a PEG ratio of 0.89.
AXE has a 52-week high of 88.00 and a 52-week low of 56.23. Today's price is 41.29 percent above the 52-week low, and 9.72 percent below the 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 stock has a market capitalization of $2.64 billion. AXE is estimated to release their earnings results for the quarter on 0000-00-00, days from today.