DXP Enterprises, Inc. (NASDAQ:DXPE) Stock Has Average Price Target of $183.00 According to Analysts

Key Points

• Analysts give DXP Enterprises a “Moderate Buy” consensus: Three of five covering brokerages rate the stock a buy, while two recommend holding it. Their average 1-year price target is $183.
• Recent analyst views were mixed: Stephens raised its target to $220 and rated the shares overweight, while Freedom Broker cut its target to $175 but upgraded the stock to buy; other firms downgraded their ratings.
• DXP reported quarterly EPS of $1.64, below the $1.79 consensus, though revenue of $587.18 million topped estimates of $584.50 million.

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $183.00.

A number of analysts recently commented on DXPE shares. Wall Street Zen lowered DXP Enterprises from a "buy" rating to a "hold" rating in a report on Sunday. Weiss Ratings downgraded DXP Enterprises from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday, October 26th. Freedom Broker raised DXP Enterprises from a "hold" rating to a "buy" rating and decreased their target price for the company from $180.00 to $175.00 in a research report on Monday. Finally, Stephens boosted their price target on shares of DXP Enterprises from $160.00 to $220.00 and gave the stock an "overweight" rating in a report on Friday, August 7th.

Institutional Trading of DXP Enterprises

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new position in shares of DXP Enterprises during the 2nd quarter valued at approximately $13,566,000. Congress Asset Management Co. raised its holdings in shares of DXP Enterprises by 21.7% in the 3rd quarter. Congress Asset Management Co. now owns 64,015 shares of the industrial products company's stock worth $11,600,000 after purchasing an additional 11,423 shares during the period. First Trust Advisors LP raised its holdings in shares of DXP Enterprises by 1.1% in the 1st quarter. First Trust Advisors LP now owns 68,634 shares of the industrial products company's stock worth $9,590,000 after purchasing an additional 756 shares during the period. Globeflex Capital L P purchased a new position in DXP Enterprises in the second quarter valued at approximately $6,507,000. Finally, SummerHaven Investment Management LLC lifted its stake in DXP Enterprises by 110.6% in the third quarter. SummerHaven Investment Management LLC now owns 17,271 shares of the industrial products company's stock valued at $3,130,000 after purchasing an additional 9,070 shares during the last quarter. Institutional investors own 74.82% of the company's stock.

DXP Enterprises Stock Performance

Shares of DXP Enterprises stock traded up $15.81 during mid-day trading on Monday, hitting $156.50. 155,631 shares of the stock were exchanged, compared to its average volume of 155,802. DXP Enterprises has a 12 month low of $84.04 and a 12 month high of $208.00. The company has a 50-day simple moving average of $178.94 and a 200 day simple moving average of $161.97. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.56 and a current ratio of 2.96. The company has a market capitalization of $2.43 billion, a P/E ratio of 26.04 and a beta of 1.03.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its earnings results on Thursday, November 5th. The industrial products company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.15). The business had revenue of $587.18 million during the quarter, compared to the consensus estimate of $584.50 million. DXP Enterprises had a net margin of 4.45% and a return on equity of 18.67%.

DXP Enterprises Company Profile

DXP Enterprises, Inc is a distributor of industrial products and provider of related services. It supplies maintenance, repair and operating products, including bearings, power-transmission components, safety equipment and other industrial supplies to customers in a range of industries.

The company also provides pump and rotating-equipment services, such as pump repair and packaged pumping systems, as well as supply-chain services that support customers' procurement and inventory-management needs.

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