DXP Enterprises (NASDAQ:DXPE) Downgraded to Sell at BidaskClub

BidaskClub cut shares of DXP Enterprises (NASDAQ:DXPE) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning, BidAskClub reports.

Other analysts have also issued reports about the stock. Sidoti lowered shares of DXP Enterprises from a buy rating to a neutral rating in a research note on Thursday, July 11th. TheStreet lowered shares of YRC Worldwide from a c rating to a d+ rating in a report on Wednesday, May 15th. Stephens set a $198.00 price target on shares of HubSpot and gave the company a buy rating in a report on Wednesday, May 8th. Jefferies Financial Group boosted their price target on shares of ServiceNow from $242.00 to $285.00 and gave the company a buy rating in a report on Thursday, April 25th. Finally, Zacks Investment Research lowered shares of ExlService from a hold rating to a sell rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $47.00.

DXPE stock traded up $0.10 on Tuesday, hitting $31.92. 3,316 shares of the company’s stock traded hands, compared to its average volume of 101,087. DXP Enterprises has a 1-year low of $26.95 and a 1-year high of $49.50. The firm 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. The stock’s fifty day moving average is $35.17. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.71 and a current ratio of 2.48.

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

Hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in shares of DXP Enterprises by 192.3% during the second quarter. Nisa Investment Advisors LLC now owns 760 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of DXP Enterprises by 345.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 940 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 729 shares during the period. Advisor Group Inc. raised its holdings in shares of DXP Enterprises by 62.2% during 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 during the period. BNP Paribas Arbitrage SA raised its holdings in shares of DXP Enterprises by 674.7% during the first quarter. BNP Paribas Arbitrage SA now owns 3,370 shares of the industrial products company’s stock valued at $131,000 after acquiring an additional 2,935 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of DXP Enterprises by 442.8% during the first quarter. Bank of Montreal Can now owns 5,352 shares of the industrial products company’s stock valued at $208,000 after acquiring an additional 4,366 shares during the period. Institutional investors and hedge funds own 79.06% 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 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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