Media headlines about Anixter International (NYSE:AXE) have trended somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Anixter International earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.7618870972071 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- $1.98 Billion in Sales Expected for Anixter International Inc. (AXE) This Quarter (americanbankingnews.com)
- Financial Review: Regal Beloit (RBC) versus Anixter International (AXE) (americanbankingnews.com)
- Robert J. Eck Sells 174 Shares of Anixter International Inc. (AXE) Stock (americanbankingnews.com)
- Zacks: Analysts Expect Anixter International Inc. (AXE) Will Post Earnings of $1.33 Per Share (americanbankingnews.com)
Shares of Anixter International (NYSE AXE) opened at $76.10 on Wednesday. The firm has a market capitalization of $2,550.00, a P/E ratio of 17.78, a PEG ratio of 1.33 and a beta of 2.03. Anixter International has a 1 year low of $62.40 and a 1 year high of $88.60. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.07 and a quick ratio of 1.17.
AXE has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Anixter International from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. ValuEngine upgraded Anixter International from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Finally, TheStreet lowered Anixter International from a “b-” rating to a “c” rating in a research report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $86.00.
In other news, CEO Robert J. Eck sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $86.23, for a total value of $224,198.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP William Standish sold 1,758 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $65.00, for a total value of $114,270.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,532 shares of company stock valued at $1,262,866. 14.70% of the stock is currently owned by company insiders.
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About Anixter International
Anixter International Inc is engaged in the distribution of enterprise cabling and security solutions, electrical and electronic wire and cable products and utility power solutions. The Company operates through three segments: Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS).
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