Zacks: Systemax Inc. (NYSE:SYX) Receives Average Recommendation of “Strong Buy” from Brokerages
Systemax Inc. (NYSE:SYX) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Zacks has also given Systemax an industry rank of 41 out of 254 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised Systemax from a “sell” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a report on Thursday, May 28th.
A number of hedge funds have recently bought and sold shares of the stock. Invesco Ltd. raised its position in Systemax by 46.0% in the 1st quarter. Invesco Ltd. now owns 32,993 shares of the company’s stock worth $585,000 after purchasing an additional 10,396 shares during the last quarter. Two Sigma Advisers LP raised its position in Systemax by 26.1% in the 1st quarter. Two Sigma Advisers LP now owns 37,650 shares of the company’s stock worth $668,000 after purchasing an additional 7,800 shares during the last quarter. Wells Fargo & Company MN raised its position in Systemax by 20.6% in the 1st quarter. Wells Fargo & Company MN now owns 30,586 shares of the company’s stock worth $542,000 after purchasing an additional 5,231 shares during the last quarter. Geode Capital Management LLC raised its position in Systemax by 0.9% in the 1st quarter. Geode Capital Management LLC now owns 246,408 shares of the company’s stock worth $4,368,000 after purchasing an additional 2,193 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Systemax by 55.4% in the 1st quarter. Deutsche Bank AG now owns 12,455 shares of the company’s stock worth $221,000 after purchasing an additional 4,442 shares during the last quarter. Hedge funds and other institutional investors own 28.88% of the company’s stock.
NYSE SYX traded down $0.50 during trading on Friday, reaching $19.89. 77,977 shares of the company traded hands, compared to its average volume of 84,658. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.66. The stock’s 50 day moving average price is $20.07 and its two-hundred day moving average price is $21.28. The company has a market cap of $745.28 million, a price-to-earnings ratio of 16.30 and a beta of 0.51. Systemax has a 1-year low of $14.00 and a 1-year high of $26.57.
Systemax (NYSE:SYX) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). The company had revenue of $227.30 million for the quarter, compared to analyst estimates of $234.59 million. Systemax had a net margin of 4.99% and a return on equity of 31.30%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share. Equities research analysts expect that Systemax will post 1.1 EPS for the current fiscal year.
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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