Anixter International Inc. (NYSE:AXE) is in the list of top stocks to trade today as the company shares are trading 4.11% or 2.47 points up from last closing price of $60.11, reaching $62.58 at last check. The AXE share price has risen in 4 of the last 5 days and is up 6.84% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -33,263 shares, and in total 57637 shares valued at $3.607 million were seen changing hands compared with 90900 shares valued at $5.464 million recorded at the previous session. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes in AXE stock for the next couple of days.
Anixter International Inc. (AXE) shares have notched a 3-month gain of about 6.84%, but has still advanced 10.68% year to date. By comparison, the stock sank -16.63% over the past 12 months, while it jumped 4.68% over the 1 month. The company’s market cap is around $2.01B, with its short interest ratio standing at 4.78%.
In the current trading session for AXE, the stock witnessed two major price actions, it rose to a high of $63.6 and was down as much as $61.46 at one point. The high recorded is very low when compared to their 52-week high which is $50.05. The 52-week high is now at -14.93 distance from current price. Their recent low of $73.6 represents a 25.09% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for AXE is $75.67, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Anixter International Inc. earned $5.58 per share in the trailing 12 months and has a P/E ratio of 11.22. AXE also has P/S multiple of 0.24. This is smaller versus the 12 month P/S ratios of other companies in the same industry.
The company recorded an interesting insider sale transaction by the Director on Jul 30, 2019. A Securities and Exchanges Commission filings show that F Philip Handy sold a total of 2,000 AXE shares that day for a sum of around $130,300. Anixter International Inc. (AXE) insiders have acquired 13,293 shares in the stock within the past three months. In total, individual insiders traded 88,342 shares in the business, which makes up 6.114% of 1,444,853 shares that were traded over a year. In the past 12 months, insiders have purchased 351,875 shares while the seller parted with 1,092,978 shares.
AXE‘s last price was up 6.36% as compared to the average trading price of 50 days recorded at $58.84 while enlarging the period to 200 trading days, the average closing price was $58.95. At present, there are 33.49 million in the total number of common shares owned by the public and among those 31.22 million shares have been available to trade. The percentage of shares being held by the company management was 2.9% while institutions stake was 88.8%. The company has generated positive returns on equity over the last 12 months (11.9%). It managed to keep its gross profit margin at 19.9% over the past 12 months.
When assessing the full upside of the AXE stock, there is another set of technicals that should be looked into and considered. Its 7.2% gain from moving average of $58.38 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 1.9 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Anixter International Inc. — 0 analysts rate the stock as a buy with another 0 rating it strong buy. There are 1 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $60 on shares of Anixter International Inc. (NYSE:AXE), which corresponds to 4.25% downside potential than its current market price of $62.58 and implies potential despite the recent advance in the price. However, their current target price has fallen from $60 a month ago and is down handily from the consensus target of $60 a quarter ago.
In the last five years, the EPS of the company has been roughly -3.1%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 8%. The revenue of the company has risen at an average annualized rate of about 9.7 over the last five years. The company recently recorded an increase of 5.8%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards AXE stock. Boston Partners trimmed position in the company after it dumped -2.4% or 186,971 shares of its common stock. The hedge fund now owns 182,484 shares worth $11,419,849, SEC documents show. BlackRock Inc. shored up assets in the stock as 4608141 shares have been purchased, increasing its stake by 2.1% to 4,704,912 shares which are currently valued at $294,000,000. In addition, Barrow Hanley Mewhinney & Strauss LLC recently reported that it now owns 69,380 shares making a total of $4,341,800 based on the recent price. This refelects a change of -3.7% in their ownership.