BidaskClub cut shares of DXP Enterprises (NASDAQ:DXPE) from a hold rating to a sell rating in a research report sent to investors on Wednesday, BidAskClub reports.
Other equities research analysts have also issued research reports about the company. Jefferies Financial Group initiated coverage on DXP Enterprises in a research note on Thursday, April 25th. They set a hold rating and a $47.00 price target on the stock. ValuEngine lowered DXP Enterprises from a hold rating to a sell rating in a research note on Friday, July 12th. Sidoti lowered DXP Enterprises from a buy rating to a neutral rating in a research note on Thursday, July 11th. Stephens set a $47.00 price target on DXP Enterprises and gave the stock a buy rating in a research note on Wednesday, May 8th. Finally, Zacks Investment Research lowered DXP Enterprises from a buy rating to a hold rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. DXP Enterprises currently has an average rating of Hold and a consensus price target of $47.00.
NASDAQ DXPE opened at $32.60 on Wednesday. The company has a current ratio of 2.56, a quick ratio of 1.75 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average is $33.84 and its two-hundred day moving average is $36.66. DXP Enterprises has a 12-month low of $26.95 and a 12-month high of $49.15. The stock has a market capitalization of $565.37 million, a price-to-earnings ratio of 16.80, a PEG ratio of 0.77 and a beta of 2.65.
DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Tuesday, August 6th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.08. The company had revenue of $333.30 million for the quarter, compared to analysts’ expectations of $331.07 million. DXP Enterprises had a return on equity of 12.86% and a net margin of 3.19%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. Equities analysts forecast that DXP Enterprises will post 2.39 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of DXPE. Nuveen Asset Management LLC purchased a new stake in DXP Enterprises in the 2nd quarter valued at approximately $8,671,000. Wells Fargo & Company MN lifted its stake in DXP Enterprises by 55.3% in the 2nd quarter. Wells Fargo & Company MN now owns 255,979 shares of the industrial products company’s stock valued at $9,699,000 after buying an additional 91,152 shares in the last quarter. Marshall Wace LLP purchased a new stake in DXP Enterprises in the 1st quarter valued at approximately $1,721,000. BlackRock Inc. lifted its stake in DXP Enterprises by 1.4% in the 2nd quarter. BlackRock Inc. now owns 2,500,228 shares of the industrial products company’s stock valued at $94,734,000 after buying an additional 34,365 shares in the last quarter. Finally, South Dakota Investment Council lifted its stake in DXP Enterprises by 139.8% in the 1st quarter. South Dakota Investment Council now owns 43,410 shares of the industrial products company’s stock valued at $1,690,000 after buying an additional 25,310 shares in the last quarter. 79.37% of the stock is currently owned by hedge funds and other institutional investors.
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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