A number of other analysts have also weighed in on DXPE. BidaskClub lowered Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. Jefferies Financial Group upped their price objective on ServiceNow from $242.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. Sidoti lowered DXP Enterprises from a “buy” rating to a “neutral” rating in a research report on Thursday. Finally, Stephens set a $198.00 price objective on HubSpot and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $47.00.
DXP Enterprises stock opened at $33.87 on Friday. DXP Enterprises has a twelve month low of $26.95 and a twelve month high of $49.50. The stock’s fifty day moving average is $35.28. The company has a quick ratio of 1.71, a current ratio of 2.48 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $593.49 million, a price-to-earnings ratio of 17.46, a P/E/G ratio of 0.81 and a beta of 2.66.
DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. DXP Enterprises had a return on equity of 12.59% and a net margin of 3.09%. The business had revenue of $311.20 million for the quarter, compared to analyst estimates of $310.87 million. During the same quarter in the prior year, the company earned $0.24 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. On average, equities research analysts expect that DXP Enterprises will post 2.37 EPS for the current year.
Hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its stake in shares of DXP Enterprises by 192.3% during the second quarter. Nisa Investment Advisors LLC now owns 760 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of DXP Enterprises by 345.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 940 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 729 shares in the last quarter. Advisor Group Inc. grew its stake in shares of DXP Enterprises by 62.2% during the fourth quarter. Advisor Group Inc. now owns 1,552 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 595 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of DXP Enterprises by 674.7% during the first quarter. BNP Paribas Arbitrage SA now owns 3,370 shares of the industrial products company’s stock worth $131,000 after purchasing an additional 2,935 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of DXP Enterprises by 442.8% during the first quarter. Bank of Montreal Can now owns 5,352 shares of the industrial products company’s stock worth $208,000 after purchasing an additional 4,366 shares in the last quarter. Hedge funds and other institutional investors own 79.06% of the company’s stock.
About DXP Enterprises
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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