DXP Enterprises (NASDAQ:DXPE) Price Target Raised to $95.00 at Stephens

DXP Enterprises (NASDAQ:DXPE) had its target price increased by equities researchers at Stephens from $75.00 to $95.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. Stephens’ price objective points to a potential upside of 23.88% from the stock’s previous close.

Separately, StockNews.com downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

DXP Enterprises Stock Performance

DXPE stock traded down $2.01 on Monday, reaching $76.69. The company’s stock had a trading volume of 52,305 shares, compared to its average volume of 151,280. DXP Enterprises has a 52 week low of $43.25 and a 52 week high of $107.06. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. The company has a market capitalization of $1.20 billion, a P/E ratio of 19.69 and a beta of 1.66. The firm has a fifty day moving average of $94.36 and a two-hundred day moving average of $72.96.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.49. The firm had revenue of $470.91 million during the quarter, compared to the consensus estimate of $447.00 million. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. As a group, analysts predict that DXP Enterprises will post 4.07 EPS for the current fiscal year.

Institutional Investors Weigh In On DXP Enterprises

Large investors have recently modified their holdings of the stock. Global Retirement Partners LLC boosted its stake in DXP Enterprises by 2,220.0% in the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 333 shares during the period. Quantbot Technologies LP acquired a new stake in shares of DXP Enterprises in the third quarter worth $41,000. Smartleaf Asset Management LLC grew its holdings in shares of DXP Enterprises by 3,150.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock valued at $43,000 after buying an additional 504 shares in the last quarter. Lazard Asset Management LLC acquired a new position in DXP Enterprises during the fourth quarter valued at $159,000. Finally, Hsbc Holdings PLC acquired a new position in DXP Enterprises during the fourth quarter valued at $208,000. 74.82% of the stock is owned by institutional investors.

About DXP Enterprises

DXP Enterprises, Inc, together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).