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

Shares of Arxis, Inc. (NASDAQ:ARXS) have been given an average rating of “Moderate Buy” by the thirteen research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $54.64.

ARXS has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Arxis from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. Jefferies Financial Group restated a “buy” rating and set a $60.00 price objective on shares of Arxis in a report on Sunday, August 2nd. Royal Bank Of Canada upgraded shares of Arxis from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $50.00 to $60.00 in a report on Friday, October 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $62.00 price objective on shares of Arxis in a research report on Monday, August 3rd. Finally, Citigroup upped their target price on shares of Arxis from $61.00 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th.

Institutional Trading of Arxis

Several hedge funds and other institutional investors have recently modified their holdings of ARXS. Moody National Bank Trust Division bought a new stake in shares of Arxis in the third quarter valued at about $1,113,000. Envestnet Asset Management Inc. acquired a new position in shares of Arxis during the second quarter worth about $1,206,000. State Street Corp bought a new position in shares of Arxis during the second quarter worth about $9,948,000. The Manufacturers Life Insurance Company bought a new position in shares of Arxis during the second quarter worth about $207,000. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Arxis during the second quarter worth about $7,389,000.

Arxis Stock Performance

ARXS opened at $47.78 on Thursday. The company has a current ratio of 5.21, a quick ratio of 3.79 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average price of $52.61. Arxis has a twelve month low of $33.15 and a twelve month high of $61.50. The firm has a market capitalization of $19.95 billion and a price-to-earnings ratio of 597.25.

Arxis (NASDAQ:ARXS) last posted its earnings results on Wednesday, July 29th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.35. The business had revenue of $500.73 million for the quarter. Arxis’s revenue was up 25.0% compared to the same quarter last year. Equities analysts forecast that Arxis will post 0.57 EPS for the current fiscal year.

About Arxis

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.