Arxis, Inc. (NASDAQ:ARXS) Stock Has Consensus Price Target of $54.64

Shares of Arxis, Inc. (NASDAQ:ARXS) have earned an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $54.64.

Several analysts have commented on the stock. Royal Bank Of Canada upgraded shares of Arxis from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $50.00 to $60.00 in a research note on Friday, October 2nd. Wells Fargo & Company boosted their target price on shares of Arxis from $52.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Citigroup upped their price target on shares of Arxis from $61.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Weiss Ratings raised Arxis from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Finally, Morgan Stanley reiterated an “overweight” rating and set a $62.00 price objective on shares of Arxis in a research note on Monday, August 3rd.

Arxis Trading Up 2.4%

Shares of Arxis stock opened at $47.89 on Thursday. The firm has a market cap of $19.99 billion and a price-to-earnings ratio of 598.62. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.21 and a quick ratio of 3.79. The company’s 50 day moving average is $52.73. Arxis has a 12-month low of $33.15 and a 12-month high of $61.50.

Arxis (NASDAQ:ARXS) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.35. The firm had revenue of $500.73 million during the quarter. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, sell-side analysts predict that Arxis will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company purchased a new stake in Arxis in the 2nd quarter worth approximately $207,000. Amundi purchased a new position in shares of Arxis during the 2nd quarter valued at approximately $358,000. Moody National Bank Trust Division purchased a new position in shares of Arxis during the 3rd quarter valued at approximately $1,113,000. IMC Chicago LLC acquired a new position in shares of Arxis in the 2nd quarter valued at $1,146,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Arxis in the 2nd quarter valued at $1,206,000.

Arxis Company Profile

We are a leading designer and manufacturer of proprietary, mission-critical electronic and mechanical components engineered for cutting-edge performance in extreme environments. Leveraging significant intellectual property (“IP”) and world-class engineering capabilities, we design and deliver innovative solutions that address some of our customers’ most complex performance needs. Arxis is the result of a deliberate and disciplined strategy executed by our sponsor, Arcline, and the Arxis management team to create a purpose-built, cohesive business through targeted acquisitions with similar product and end market characteristics.