Shares of DXP Enterprises Inc (NASDAQ:DXPE) have earned an average rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $47.00.
A number of analysts have weighed in on the company. BidaskClub cut DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Monday. Zacks Investment Research lowered DXP Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Finally, ValuEngine upgraded DXP Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th.
Shares of DXPE traded down $0.30 during mid-day trading on Friday, hitting $39.01. 66,953 shares of the company’s stock were exchanged, compared to its average volume of 76,585. DXP Enterprises has a fifty-two week low of $26.95 and a fifty-two week high of $45.66. The firm has a market capitalization of $692.86 million, a P/E ratio of 20.11, a P/E/G ratio of 0.92 and a beta of 2.64. The business’s 50 day moving average is $35.33 and its two-hundred day moving average is $34.68. The company has a current ratio of 2.71, a quick ratio of 1.85 and a debt-to-equity ratio of 0.83.
DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.10. The firm had revenue of $327.18 million for the quarter, compared to analysts’ expectations of $323.44 million. DXP Enterprises had a return on equity of 13.87% and a net margin of 3.51%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS. On average, equities research analysts forecast that DXP Enterprises will post 2.44 earnings per share for the current year.
Large investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in shares of DXP Enterprises by 8.6% during the 2nd quarter. Royal Bank of Canada now owns 5,956 shares of the industrial products company’s stock worth $226,000 after acquiring an additional 470 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in DXP Enterprises by 192.3% in the second quarter. Nisa Investment Advisors LLC now owns 760 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 500 shares during the last quarter. Swiss National Bank increased its position in shares of DXP Enterprises by 2.0% in the second quarter. Swiss National Bank now owns 31,000 shares of the industrial products company’s stock valued at $1,175,000 after buying an additional 600 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of DXP Enterprises in the second quarter valued at $26,000. Finally, State of Tennessee Treasury Department increased its position in shares of DXP Enterprises by 13.1% in the third quarter. State of Tennessee Treasury Department now owns 11,857 shares of the industrial products company’s stock valued at $412,000 after buying an additional 1,369 shares in the last quarter. Hedge funds and other institutional investors own 77.18% of the company’s stock.
DXP Enterprises Company Profile
DXP Enterprises, Inc engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers in the United States. It operates in three segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services.
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