Zacks: Systemax Inc. (NYSE:SYX) Given Average Rating of “Strong Buy” by Analysts
Systemax Inc. (NYSE:SYX) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus price objective of $34.00 for the company and are predicting that the company will post $0.41 EPS for the current quarter, according to Zacks. Zacks has also assigned Systemax an industry rank of 26 out of 256 based on the ratings given to related companies.
SYX has been the subject of a number of research analyst reports. TheStreet raised shares of Vermilion Energy from a “d+” rating to a “c” rating in a research report on Friday, March 22nd. Zacks Investment Research lowered shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st.
Institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc increased its position in shares of Systemax by 26.5% during the fourth quarter. Legal & General Group Plc now owns 2,366 shares of the company’s stock worth $57,000 after acquiring an additional 495 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Systemax by 651.7% during the first quarter. BNP Paribas Arbitrage SA now owns 2,706 shares of the company’s stock valued at $61,000 after purchasing an additional 2,346 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Systemax by 374.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,127 shares of the company’s stock valued at $99,000 after purchasing an additional 3,257 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in Systemax during the first quarter valued at about $219,000. Finally, Squarepoint Ops LLC bought a new stake in Systemax during the fourth quarter valued at about $255,000. 28.72% of the stock is owned by institutional investors and hedge funds.
Systemax stock traded up $0.05 on Friday, reaching $21.92. 246 shares of the stock were exchanged, compared to its average volume of 56,116. The firm has a market cap of $797.98 million, a PE ratio of 17.94 and a beta of 0.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.05 and a current ratio of 1.72. Systemax has a twelve month low of $19.60 and a twelve month high of $47.75. The company’s fifty day moving average is $20.91.
Systemax (NYSE:SYX) last released its earnings results on Tuesday, April 30th. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.05. The firm had revenue of $232.20 million during the quarter, compared to analyst estimates of $231.65 million. Systemax had a net margin of 20.96% and a return on equity of 25.22%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts anticipate that Systemax will post 1.39 EPS for the current fiscal year.
Systemax Company Profile
Systemax Inc operates as a direct marketer of brand name and private label industrial and business equipment and supplies in North America. It sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance products, furniture and office products, workbenches and shop desks, HVAC/R and fans, safety and security products, outdoor and grounds maintenance products, tools and instruments, and office and school supplies.
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