Anixter International Inc. (NYSE:AXE) has received a “BB+” credit rating from analysts at Morningstar. The investment research firm’s “BB+” rating suggests that the company is an above-average default risk. They also gave their stock a five star rating.

In related news, EVP Rodney Arthur Smith sold 500 shares of the stock in a transaction dated Tuesday, December 1st. The shares were sold at an average price of $68.75, for a total value of $34,375.00. Following the completion of the transaction, the executive vice president now owns 25,921 shares of the company’s stock, valued at approximately $1,782,068.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Anixter International (NYSE:AXE) opened at 48.67 on Monday. Anixter International has a 1-year low of $45.89 and a 1-year high of $80.12. The company has a 50 day moving average price of $57.35 and a 200 day moving average price of $62.14. The stock has a market cap of $1.60 billion and a P/E ratio of 9.93.

Anixter International (NYSE:AXE) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.04. During the same period in the previous year, the business posted $1.69 EPS. The business earned $1.50 billion during the quarter, compared to the consensus estimate of $1.52 billion. The firm’s revenue was up 3.6% on a year-over-year basis. On average, equities analysts anticipate that Anixter International will post $4.28 EPS for the current year.

Other research analysts also recently issued research reports about the company. Robert W. Baird reduced their target price on Anixter International from $73.00 to $66.00 in a report on Thursday, January 14th. TheStreet upgraded Anixter International from a “hold” rating to a “buy” rating in a report on Monday, November 2nd. Zacks Investment Research upgraded Anixter International from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Thursday, October 29th. Finally, Imperial Capital reduced their target price on Anixter International from $73.00 to $70.00 and set an “in-line” rating on the stock in a report on Monday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Anixter International presently has a consensus rating of “Hold” and an average price target of $74.20.

Anixter International Inc. is engaged in the distribution of enterprise cabling and security solutions, electrical and electronic wire and cable products, original equipment manufacturer (NYSE:AXE) supply fasteners and other small parts. The Company operates under the following segments: Enterprise Cabling and Security Solutions; Electrical and Electronic Wire and Cable, and OEM Supply – Fasteners. The Company’s inventory management services include procurement, advisory engineering services, component kit production, small component assembly and e-commerce, and electronic data interchange. Its customers include international, national, regional and local companies. The Company caters to industry groups, such as manufacturing, resource extraction, telecommunications, Internet service providers, finance, education, healthcare, retail, transportation, utilities, aerospace and defense, and Government. The Company’s wholly owned subsidiary is Anixter Inc.

12 Month Chart for NYSE:AXE

To view more credit ratings from Morningstar, visit www.jdoqocy.comclick-7674909-10651170.

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