Anixter International Up 6.2% After Hitting 52-Week High (AXE)

Shares of Glenview, Illinois-based Anixter International Inc. AXE are currently up 6.2% at $67.17 per share during Tuesday afternoon trading. Today's trading range for shares of Anixter International Inc has been between $64.79 and a 52-week high of $68.00 per share. The consensus price target of analysts covering the company's stock is $67.00 per share. Volume of 784,000 shares is already more than double the daily average volume of 269,000 shares. Anixter International Inc. (AXE) released financial results early Tuesday morning that exceeded Wall Street estimates. Anixter International Inc reported 4th quarter adjusted earnings of $1.19 per share, on revenue of $1.43 billion. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 94 cents per share, on revenue of $1.35 billion. Anixter International Inc is a leading global distributor of communication and security products, electrical and electronic wire & cable, fasteners and other small parts. Read more from Benzinga's Company news.