NYSE:AXEAnixter International Stock Price, Forecast & News

Anixter International's stock was trading at $92.19 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AXE shares have increased by 3.8% and is now trading at $95.71. View which stocks have been most impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Anixter International in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Anixter International.

Anixter International is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Anixter International.

Anixter International Inc. (NYSE:AXE) released its quarterly earnings results on Tuesday, April, 28th. The technology company reported $1.28 EPS for the quarter, missing the Zacks' consensus estimate of $1.48 by $0.20. The technology company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.16 billion. Anixter International had a net margin of 2.95% and a return on equity of 14.30%. Anixter International's revenue was down 1.7% on a year-over-year basis. During the same period last year, the company posted $1.33 earnings per share. View Anixter International's earnings history.

2 equities research analysts have issued 12 month target prices for Anixter International's shares. Their forecasts range from $81.00 to $90.00. On average, they expect Anixter International's stock price to reach $85.50 in the next twelve months. This suggests that the stock has a possible downside of 10.7%. View analysts' price targets for Anixter International.

News headlines about AXE stock have been trending very negative this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Anixter International earned a media sentiment score of -3.4 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutAnixter International.

Anixter International saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,800,000 shares, an increase of 38.6% from the April 15th total of 2,020,000 shares. Based on an average trading volume of 562,500 shares, the short-interest ratio is presently 5.0 days. Currently, 8.4% of the shares of the company are sold short. View Anixter International's Current Options Chain.

Some companies that are related to Anixter International include SYNNEX (SNX), Arrow Electronics (ARW), Tech Data (TECD), Avnet (AVT), Insight Enterprises (NSIT), PC Connection (CNXN), ScanSource (SCSC), Agilysys (AGYS) and Richardson Electronics (RELL). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Anixter International investors own include Schlumberger (SLB), AT&T (T), AbbVie (ABBV), CVS Health (CVS), General Electric (GE), salesforce.com (CRM), Cisco Systems (CSCO), Walt Disney (DIS), Intel (INTC) and 3M (MMM).

Anixter International trades on the New York Stock Exchange (NYSE) under the ticker symbol "AXE."

Anixter International's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.77%), Alpine Associates Management Inc. (4.08%), Water Island Capital LLC (3.25%), State Street Corp (3.10%), Pentwater Capital Management LP (2.01%) and Citigroup Inc. (1.55%). Company insiders that own Anixter International stock include F Philip Handy, Mccleary Alice, Robert J Eck, Ted A Dosch and William Galvin. View institutional ownership trends for Anixter International.

AXE stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., UBS Group AG, Morgan Stanley, Morgan Stanley, BlackRock Inc., Wells Fargo & Company MN, and Maven Securities LTD. Company insiders that have sold Anixter International company stock in the last year include F Philip Handy, Robert J Eck, Ted A Dosch, and William Galvin. View insider buying and selling activity for Anixter International.

AXE stock was purchased by a variety of institutional investors in the last quarter, including Alpine Associates Management Inc., Water Island Capital LLC, Citigroup Inc., Pentwater Capital Management LP, Beryl Capital Management LLC, Healthcare of Ontario Pension Plan Trust Fund, Public Sector Pension Investment Board, and Alberta Investment Management Corp. View insider buying and selling activity for Anixter International.

Shares of AXE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of AXE stock can currently be purchased for approximately $95.71.

Anixter International has a market capitalization of $3.25 billion and generates $8.85 billion in revenue each year. The technology company earns $262.90 million in net income (profit) each year or $7.48 on an earnings per share basis. Anixter International employs 9,400 workers across the globe.

The official website for Anixter International is www.anixter.com.

Anixter International's mailing address is 2301 PATRIOT BLVD, GLENVIEW IL, 60026. The technology company can be reached via phone at 224-521-8000 or via email at [email protected]