News articles about Anixter (NYSE:AXE) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Anixter earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 47.0390882731827 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Anixter (AXE) & WESCO International (WCC) Critical Comparison (americanbankingnews.com)
- Anixter International Inc. (AXE): Intraday Services Mover: (stocksgeeks.com)
- Anixter Center: Sharing Strengths, Building Partnerships (wgntv.com)
- Anixter (AXE) Scheduled to Post Quarterly Earnings on Thursday (americanbankingnews.com)
- Middlemen in the Crosshairs (news.morningstar.com)
AXE opened at $78.05 on Friday. The company has a market cap of $2,635.15, a price-to-earnings ratio of 15.13, a PEG ratio of 1.25 and a beta of 2.04. Anixter has a 52 week low of $62.40 and a 52 week high of $88.85. The company has a current ratio of 2.10, a quick ratio of 1.18 and a debt-to-equity ratio of 0.86.
Several research analysts have commented on the company. Wells Fargo reaffirmed a “market perform” rating and set a $90.00 price target (up previously from $78.00) on shares of Anixter in a research report on Wednesday, January 31st. Zacks Investment Research lowered Anixter from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. ValuEngine lowered Anixter from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Finally, TheStreet lowered Anixter from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Anixter presently has a consensus rating of “Hold” and an average target price of $90.00.
In other news, CEO Robert J. Eck sold 2,812 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $78.37, for a total value of $220,376.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 27,212 shares of company stock worth $2,066,724. Corporate insiders own 14.70% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Anixter (AXE) Given Coverage Optimism Score of 0.06” was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://stocknewstimes.com/2018/04/21/anixter-axe-given-coverage-optimism-score-of-0-06.html.
Anixter Company Profile
Anixter International Inc, through its subsidiary, Anixter Inc, distributes enterprise cabling and security solutions, electrical and electronic wire and cable products, and utility power solutions. Its Network & Security Solutions segment offers copper and fiber optic cable and connectivity, access control, video surveillance, intrusion and fire/life safety, cabinet, power, cable management, wireless, professional audio/video, voice and networking switche, and other ancillary products for technology, finance, telecommunications service provider, transportation, education, government, healthcare, and retail industries.
Receive News & Ratings for Anixter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anixter and related companies with MarketBeat.com's FREE daily email newsletter.