DXP Enterprises (NASDAQ:DXPE) Downgraded by BidaskClub

BidaskClub downgraded shares of DXP Enterprises (NASDAQ:DXPE) from a hold rating to a sell rating in a research report report published on Tuesday morning, BidAskClub reports.

Several other equities research analysts also recently weighed in on the stock. Sidoti downgraded shares of DXP Enterprises from a buy rating to a neutral rating in a research report on Thursday, July 11th. Zacks Investment Research downgraded shares of ExlService from a hold rating to a sell rating in a research report on Wednesday, July 10th. Jefferies Financial Group boosted their target price on shares of ServiceNow from $242.00 to $285.00 and gave the stock a buy rating in a research report on Thursday, April 25th. Stephens set a $198.00 target price on shares of HubSpot and gave the stock a buy rating in a research report on Wednesday, May 8th. Finally, TheStreet downgraded shares of YRC Worldwide from a c rating to a d+ rating in a research report on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $47.00.

Shares of DXPE traded up $0.10 during midday trading on Tuesday, hitting $31.92. The company had a trading volume of 3,316 shares, compared to its average volume of 101,087. The firm has a 50 day moving average price of $35.17. The stock has a market cap of $570.61 million, a PE ratio of 16.45, a price-to-earnings-growth ratio of 0.78 and a beta of 2.66. DXP Enterprises has a 52 week low of $26.95 and a 52 week high of $49.50. The company has a current ratio of 2.48, a quick ratio of 1.71 and a debt-to-equity ratio of 0.91.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Tuesday, May 7th. The industrial products company reported $0.40 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. The company had revenue of $311.20 million during the quarter, compared to the consensus estimate of $310.87 million. DXP Enterprises had a net margin of 3.09% and a return on equity of 12.59%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 EPS. On average, research analysts predict that DXP Enterprises will post 2.37 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC grew its position in shares of DXP Enterprises by 192.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 760 shares of the industrial products company’s stock valued at $29,000 after buying an additional 500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in DXP Enterprises by 345.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 940 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 729 shares during the period. Advisor Group Inc. boosted its stake in DXP Enterprises by 62.2% during the 4th quarter. Advisor Group Inc. now owns 1,552 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 595 shares during the period. BNP Paribas Arbitrage SA boosted its stake in DXP Enterprises by 674.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,370 shares of the industrial products company’s stock valued at $131,000 after purchasing an additional 2,935 shares during the period. Finally, Bank of Montreal Can boosted its stake in DXP Enterprises by 442.8% during the 1st quarter. Bank of Montreal Can now owns 5,352 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 4,366 shares during the period. 79.06% of the stock is owned by institutional investors and hedge funds.

About DXP Enterprises

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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