Shares of DXP Enterprises Inc (NASDAQ:DXPE) have been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $47.00.
A number of analysts recently commented on DXPE shares. Sidoti cut DXP Enterprises from a “buy” rating to a “neutral” rating in a research report on Thursday, July 11th. Zacks Investment Research cut DXP Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. BidaskClub upgraded DXP Enterprises from a “sell” rating to a “hold” rating in a report on Thursday. Finally, ValuEngine cut DXP Enterprises from a “hold” rating to a “sell” rating in a report on Thursday.
DXP Enterprises stock traded up $0.36 during midday trading on Wednesday, reaching $34.94. 45,600 shares of the company were exchanged, compared to its average volume of 78,006. The company has a market capitalization of $605.96 million, a price-to-earnings ratio of 18.01, a P/E/G ratio of 0.82 and a beta of 2.62. The firm’s 50-day simple moving average is $34.18 and its 200-day simple moving average is $35.31. DXP Enterprises has a 1 year low of $26.95 and a 1 year high of $45.66. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.75 and a current ratio of 2.56.
DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $333.30 million during 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. On average, analysts forecast that DXP Enterprises will post 2.4 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new stake in DXP Enterprises in the 2nd quarter valued at about $26,000. Nisa Investment Advisors LLC lifted its stake in shares of DXP Enterprises by 192.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 760 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 500 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of DXP Enterprises by 8.6% in the 2nd quarter. Royal Bank of Canada now owns 5,956 shares of the industrial products company’s stock valued at $226,000 after purchasing an additional 470 shares in the last quarter. Aperio Group LLC lifted its stake in shares of DXP Enterprises by 22.0% in the 2nd quarter. Aperio Group LLC now owns 7,694 shares of the industrial products company’s stock valued at $292,000 after purchasing an additional 1,387 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of DXP Enterprises in the 2nd quarter valued at about $311,000. Institutional investors own 78.92% of the company’s stock.
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.
Featured Story: Understanding Market Liquidity
Receive News & Ratings for DXP Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXP Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.