DXP Enterprises Inc (DXPE) Given Average Rating of “Buy” by Brokerages
Shares of DXP Enterprises Inc (NASDAQ:DXPE) have received an average rating of “Buy” from the six analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $49.00.
A number of research analysts have commented on the company. Zacks Investment Research cut DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. BidaskClub upgraded DXP Enterprises from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. ValuEngine cut DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. TheStreet upgraded DXP Enterprises from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Finally, Sidoti decreased their price target on DXP Enterprises from $61.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, February 26th.
Shares of DXP Enterprises stock opened at $40.57 on Tuesday. The company has a market capitalization of $713.30 million, a P/E ratio of 20.91 and a beta of 2.46. DXP Enterprises has a fifty-two week low of $26.95 and a fifty-two week high of $49.50. The company has a quick ratio of 1.89, a current ratio of 2.69 and a debt-to-equity ratio of 0.77.
A number of large investors have recently added to or reduced their stakes in DXPE. Harel Insurance Investments & Financial Services Ltd. lifted its stake in DXP Enterprises by 100.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 500 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in DXP Enterprises during the fourth quarter worth $28,000. Oppenheimer Asset Management Inc. acquired a new position in DXP Enterprises during the fourth quarter worth $37,000. Quantamental Technologies LLC acquired a new stake in shares of DXP Enterprises in the fourth quarter valued at $38,000. Finally, Advisor Group Inc. raised its stake in shares of DXP Enterprises by 62.2% in the fourth quarter. Advisor Group Inc. now owns 1,552 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 595 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.
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 through 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.
Further Reading: Capital gains and your 401(k) or IRA
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.