Systemax Inc. (NYSE:SYX) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price target of $34.00 for the company and are predicting that the company will post $0.41 EPS for the current quarter, according to Zacks. Zacks has also assigned Systemax an industry rank of 26 out of 256 based on the ratings given to related companies.
A number of research analysts recently issued reports on SYX shares. Zacks Investment Research downgraded shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. TheStreet upgraded shares of Vermilion Energy from a “d+” rating to a “c” rating in a report on Friday, March 22nd.
In other Systemax news, Director Lawrence P. Reinhold sold 35,000 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $22.22, for a total transaction of $777,700.00. Following the transaction, the director now owns 215,011 shares in the company, valued at $4,777,544.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 67.20% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc raised its holdings in Systemax by 26.5% during the fourth quarter. Legal & General Group Plc now owns 2,366 shares of the company’s stock worth $57,000 after buying an additional 495 shares during the last quarter. Royce & Associates LP grew its stake in shares of Systemax by 0.3% in the 1st quarter. Royce & Associates LP now owns 189,824 shares of the company’s stock worth $4,298,000 after acquiring an additional 509 shares in the last quarter. Martingale Asset Management L P grew its stake in shares of Systemax by 1.9% in the 4th quarter. Martingale Asset Management L P now owns 49,404 shares of the company’s stock worth $1,181,000 after acquiring an additional 900 shares in the last quarter. Portolan Capital Management LLC grew its stake in shares of Systemax by 1.1% in the 4th quarter. Portolan Capital Management LLC now owns 88,182 shares of the company’s stock worth $2,107,000 after acquiring an additional 941 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Systemax by 651.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,706 shares of the company’s stock worth $61,000 after acquiring an additional 2,346 shares in the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.
Shares of Systemax stock traded up $0.05 during trading on Friday, reaching $21.92. 246 shares of the company traded hands, compared to its average volume of 56,116. The company has a quick ratio of 1.05, a current ratio of 1.72 and a debt-to-equity ratio of 0.36. Systemax has a 1-year low of $19.60 and a 1-year high of $47.75. The company has a 50 day moving average price of $20.91. The company has a market cap of $797.98 million, a price-to-earnings ratio of 17.94 and a beta of 0.15.
Systemax (NYSE:SYX) last released its earnings results on Tuesday, April 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.05. Systemax had a net margin of 20.96% and a return on equity of 25.22%. The company had revenue of $232.20 million for the quarter, compared to the consensus estimate of $231.65 million. The company’s revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts forecast that Systemax will post 1.39 earnings per share for the current year.
Systemax Inc operates as a direct marketer of brand name and private label industrial and business equipment and supplies in North America. It sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance products, furniture and office products, workbenches and shop desks, HVAC/R and fans, safety and security products, outdoor and grounds maintenance products, tools and instruments, and office and school supplies.
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