Arxis, Inc. (NASDAQ:ARXS) Stock Has Average Price Target of $55.36

Arxis, Inc. (NASDAQ:ARXS) has been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $55.36.

ARXS has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on Arxis from $52.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Jefferies Financial Group reissued a “buy” rating and issued a $60.00 price target on shares of Arxis in a report on Sunday, August 2nd. Citigroup raised their price objective on Arxis from $61.00 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Weiss Ratings upgraded shares of Arxis from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Finally, Royal Bank Of Canada raised their price target on Arxis from $60.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, October 30th.

Arxis Stock Performance

Shares of NASDAQ:ARXS opened at $49.90 on Monday. Arxis has a 52 week low of $33.15 and a 52 week high of $61.50. The company’s fifty day moving average is $50.94 and its 200 day moving average is $46.37. The company has a current ratio of 4.70, a quick ratio of 3.27 and a debt-to-equity ratio of 0.32.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC bought a new position in shares of Arxis in the second quarter worth approximately $19,506,000. Alyeska Investment Group L.P. acquired a new stake in shares of Arxis in the second quarter valued at about $13,842,000. State Street Corp acquired a new position in Arxis in the 2nd quarter valued at about $9,948,000. BlueCrest Capital Management Ltd purchased a new position in Arxis during the 2nd quarter worth approximately $7,389,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Arxis by 367.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 61,152 shares of the company’s stock worth $3,020,000 after acquiring an additional 48,082 shares during the period.

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.