Analysts Set DXP Enterprises, Inc. (DXPE) Target Price at $37.67

Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) have been assigned an average rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $37.67.

A number of research firms have recently issued reports on DXPE. KeyCorp reiterated a “sector weight” rating on shares of DXP Enterprises in a research note on Friday, May 26th. BidaskClub downgraded shares of DXP Enterprises from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of DXP Enterprises from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Thursday, July 27th. Finally, Sidoti reiterated a “buy” rating and set a $49.00 price objective (up from $47.00) on shares of DXP Enterprises in a research note on Wednesday, May 17th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC boosted its stake in shares of DXP Enterprises by 0.7% during the second quarter. Frontier Capital Management Co. LLC now owns 983,427 shares of the industrial products company’s stock valued at $33,928,000 after purchasing an additional 6,714 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of DXP Enterprises by 15.6% during the second quarter. Dimensional Fund Advisors LP now owns 831,305 shares of the industrial products company’s stock valued at $28,680,000 after purchasing an additional 111,879 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of DXP Enterprises by 6.1% during the second quarter. Vanguard Group Inc. now owns 826,254 shares of the industrial products company’s stock valued at $28,505,000 after purchasing an additional 47,508 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of DXP Enterprises by 15.6% during the first quarter. JPMorgan Chase & Co. now owns 551,083 shares of the industrial products company’s stock valued at $20,869,000 after purchasing an additional 74,262 shares in the last quarter. Finally, Penn Capital Management Co. Inc. boosted its stake in shares of DXP Enterprises by 21.5% during the second quarter. Penn Capital Management Co. Inc. now owns 398,571 shares of the industrial products company’s stock valued at $13,751,000 after purchasing an additional 70,619 shares in the last quarter. Hedge funds and other institutional investors own 74.18% of the company’s stock.

DXP Enterprises (DXPE) traded down 0.47% during trading on Tuesday, hitting $27.28. 72,107 shares of the stock traded hands. DXP Enterprises has a 12 month low of $19.61 and a 12 month high of $42.00. The firm has a market cap of $474.70 million, a PE ratio of 31.72 and a beta of 2.64. The firm has a 50-day moving average price of $27.84 and a 200 day moving average price of $33.45.

DXP Enterprises (NASDAQ:DXPE) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The business had revenue of $250.69 million for the quarter, compared to the consensus estimate of $246.15 million. DXP Enterprises had a net margin of 1.58% and a return on equity of 6.15%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS. On average, equities analysts forecast that DXP Enterprises will post $0.77 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Analysts Set DXP Enterprises, Inc. (DXPE) Target Price at $37.67” was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://sportsperspectives.com/2017/09/10/analysts-set-dxp-enterprises-inc-dxpe-target-price-at-37-67.html.

DXP Enterprises Company Profile

DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.

Receive News & Ratings for DXP Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXP Enterprises Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply