You should consider shares of SilverCrest Metals Inc. (NYSE:SILV) and Anixter International Inc. (NYSE:AXE) if you are looking for a great stocks to invest in. Starting with the SILV shares, which traded at $6.11 at the close of the recent session, gaining 6.82%. On Tuesday, the company’s shares shed $0.39 from its value which represented in intraday trading. The stock is now 146.59% higher in year-to-date (YTD) trading. SILV’s intraday high was $6.21 while its lowest price touched $5.54. The stock’s 52-week high price is $6.69, which means the current price is at -8.67%. In terms of trading activity, the daily trading volume rose to 1091683 against 200-day average trading volume of 189,553 shares.
What are analyst forecasts for SilverCrest Metals Inc. (NYSE:SILV)?
At a consensus rating of 4.50, SILV is trending as a streaking Strong Buy, as it has been the case a month ago when 6 analysts called it a Strong Buy. Two months ago, 6 analysts recommended, on average, that SILV stock is a Strong Buy. The Basic Materials company’s shares’ overall bullish trend saw it close higher on Tuesday compared to its opening price of $5.55 on the day.
Forecasts for SilverCrest Metals Inc. (NYSE:SILV) give the stock a fair value for the growth from its last price.
Anixter International Inc. (NYSE:AXE) adds $0.26 on Tuesday
The AXE stock has risen 56.36% year-to-date and is currently trading at $84.92, which is -2.02% below its 52-week high. The company shares gained 0.31% on the day and have risen nearly 69.67% off a low hit. At current levels, Anixter International Inc. has a valuation of about $8.71B. As of 12/03/19, this stock has fallen -0.85% during the week and closed at $84.66 in the previous session. However, recent Anixter International Inc. stock performance shows that AXE shares are 0.18% up over the last month, and 41.27% up for the last three months.
Earnings per share (EPS) estimates for the current quarter are $1.45, with the trailing 12-month share earnings at $5.91. The ratio is expected to be up by 18.20% for the current year 2019 and 7.80% for next year. Over the next 5-year period, earnings per share will be 8.00%. But will the AXE stock surprise in the current quarter results, where the $1.92 actual EPS reported on 9/29/2019 surprised by 16.40% or was higher by $0.27 from the estimated $1.65.
Sales Growth to climb 3.30% for the year
How well will Anixter International Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $2.17B and $2.18B in current quarter sales. The consensus estimated for the current quarter is $2.17B from sales. Forecasts for this fiscal year are between $8.76B and $8.8B and the consensus estimate for sales is at $8.78B. AXE has its next quarter sales estimates at between $2.14B and $2.18B, with the quarter-over-quarter growth estimates at 2.30% and the annual growth forecast for the year at 3.30%.
Who owns shares in Anixter International Inc. (AXE)?
Let’s briefly focus on the share ownership of the Anixter International Inc. (NYSE:AXE) stock, where we find that 87.49% of shares are held by institutions. Blackrock Inc. tops the list of institutional owners as it is holding 4.87 million shares or 14.40% of shares outstanding. Vanguard Group, Inc. (The) and Dimensional Fund Advisors LP held 3.29 million and 2.33 million representing 9.74% and 6.90% respectively at the close of the last trading session. As of Sep 29, 2019, Victory Capital Management Inc. accounted for 2.03 million shares at over 140.39 million. This represented 6.00% of shares outstanding. Pzena Investment Management, LLC held 1.83 million shares at over 126.54 million representing 5.41% of shares outstanding.
AXE Insider Activity
Insider activity can also give a signal in terms of price direction. Looking at Anixter International Inc. (AXE), a total of 106290 shares have been sold by insiders over the last 6 months while 120567 shares were added in the same time span. On 7/26/2019, Director by the name Eck Robert J sold 65169.0 shares worth $4.1 million at the price of $62.53 per share. Filings also show that Eck Robert J bought a total of 70706.0 shares on 7/26/2019 valued at $2.5 million. Since the last insider activity, the company’s share price has climbed 34.28%.