Texas (July 12, 2013) Wax Ink has issued a Loss of Investment Interest rating for Anixter International, Inc. (NYSE: AXE) based on a recent baseline equity review which placed fair value between $67-$75.
The recent close of $79.09 is approximately 98% above the fair value buy target for the stock and approximately 4% below the fair value close target for the stock. The recent close is also 7% below analysts' twelve-month $85.00 median price target for the stock.
The recent close represents a 50% increase in price since the last baseline equity review was conducted in July of 2012.
The stock currently has a trailing twelve-month PE Ratio of 11, and a PEG Ratio of 0.8 basis estimated forward earnings growth of 14.50%.
In the past 52 weeks, share prices have moved between a high of $79.95 and a low of $47.98, placing equilibrium at $71.20.
Basis the recent close, the stock is trading 1% below the 52 week high, 39% above the 52 week low, 10% above equilibrium, and has an average daily trading volume of approximately 271,000 shares.
Anixter International, Inc. together with its subsidiaries, distributes enterprise cabling and security solutions, electrical and electronic wire and cable products, original equipment manufacturer (OEM) supply fasteners, and other small parts.
The company's competitors include Arrow Electronics, Inc., Ingram Micro Inc., and W.W. Grainger, Inc.
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 28, 2012. All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in the company mentioned in this alert.
Wax Ink is a baseline equity research company comprised of individual investors, NOT licensed or registered with ANY government agency.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.