Shares of DXP Enterprises Inc (NASDAQ:DXPE) have earned an average rating of “Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $48.33.
A number of brokerages have recently weighed in on DXPE. BidaskClub cut shares of DXP Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Zacks Investment Research raised shares of DXP Enterprises from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Tuesday, January 30th. Finally, Stephens set a $48.00 price objective on shares of DXP Enterprises and gave the company a “buy” rating in a research report on Wednesday.
In related news, CEO David R. Little sold 13,500 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $29.50, for a total value of $398,250.00. Following the sale, the chief executive officer now directly owns 1,368,214 shares of the company’s stock, valued at approximately $40,362,313. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Todd Hamlin sold 2,500 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $29.68, for a total transaction of $74,200.00. Following the completion of the sale, the vice president now directly owns 23,446 shares in the company, valued at $695,877.28. The disclosure for this sale can be found here. Insiders sold a total of 32,000 shares of company stock worth $944,900 over the last ninety days. 11.30% of the stock is currently owned by insiders.
Shares of DXP Enterprises stock traded down $2.19 during midday trading on Thursday, hitting $39.29. 462,586 shares of the stock were exchanged, compared to its average volume of 151,952. The company has a market capitalization of $683.33, a PE ratio of 46.22 and a beta of 2.64. DXP Enterprises has a 52 week low of $24.86 and a 52 week high of $43.21. The company has a current ratio of 2.51, a quick ratio of 1.79 and a debt-to-equity ratio of 0.91.
COPYRIGHT VIOLATION NOTICE: “DXP Enterprises Inc (DXPE) Receives $48.50 Average PT from Analysts” was reported by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.tickerreport.com/banking-finance/3299828/dxp-enterprises-inc-dxpe-receives-48-50-average-pt-from-analysts.html.
About DXP Enterprises
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 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.