Systemax Inc. (NYSE:SYX) Given $34.00 Average Target Price by Analysts

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 investment analyst has rated the stock with a strong buy rating.

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Analysts have set a 1-year consensus target price of $34.00 for the company and are anticipating that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also given Systemax an industry rank of 243 out of 255 based on the ratings given to related companies.

Several brokerages have issued reports on SYX. TheStreet raised Systemax from a “c+” rating to a “b-” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised Systemax from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

In other Systemax news, Director Lawrence P. Reinhold sold 1,304 shares of Systemax stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $25.00, for a total transaction of $32,600.00. Following the completion of the sale, the director now owns 183,154 shares of the company’s stock, valued at $4,578,850. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lawrence P. Reinhold sold 3,583 shares of Systemax stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $25.00, for a total value of $89,575.00. Following the sale, the director now directly owns 183,154 shares of the company’s stock, valued at approximately $4,578,850. The disclosure for this sale can be found here. Insiders own 67.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SYX. First Trust Advisors LP lifted its stake in shares of Systemax by 19.0% in the 1st quarter. First Trust Advisors LP now owns 92,212 shares of the company’s stock valued at $2,088,000 after acquiring an additional 14,701 shares during the last quarter. Scout Investments Inc. lifted its stake in shares of Systemax by 96.0% in the 2nd quarter. Scout Investments Inc. now owns 267,369 shares of the company’s stock valued at $5,925,000 after acquiring an additional 130,952 shares during the last quarter. Falcon Point Capital LLC lifted its stake in shares of Systemax by 9.2% in the 2nd quarter. Falcon Point Capital LLC now owns 28,350 shares of the company’s stock valued at $628,000 after acquiring an additional 2,386 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Systemax by 2.1% in the 2nd quarter. Bessemer Group Inc. now owns 44,600 shares of the company’s stock valued at $988,000 after acquiring an additional 900 shares during the last quarter. Finally, Aperio Group LLC bought a new stake in shares of Systemax in the 2nd quarter valued at about $42,000. 29.26% of the stock is owned by institutional investors.

NYSE:SYX traded down $0.39 during trading hours on Tuesday, hitting $22.27. 25,977 shares of the company’s stock traded hands, compared to its average volume of 63,879. The firm has a market cap of $859.46 million, a P/E ratio of 17.96 and a beta of 0.04. Systemax has a 52 week low of $18.49 and a 52 week high of $32.95. The business’s fifty day simple moving average is $22.58 and its two-hundred day simple moving average is $21.46. The company has a quick ratio of 1.14, a current ratio of 1.77 and a debt-to-equity ratio of 0.36.

Systemax (NYSE:SYX) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). Systemax had a net margin of 5.32% and a return on equity of 33.72%. The business had revenue of $243.90 million for the quarter, compared to the consensus estimate of $252.00 million. On average, analysts expect that Systemax will post 1.23 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Monday, November 11th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, November 7th. Systemax’s dividend payout ratio (DPR) is currently 38.71%.

About Systemax

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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