Arxis, Inc. (NASDAQ:ARXS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Arxis, Inc. (NASDAQ:ARXS) have earned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $50.6364.

ARXS has been the topic of several research reports. William Blair assumed coverage on shares of Arxis in a research report on Monday, May 11th. They issued an “outperform” rating on the stock. Melius Research began coverage on shares of Arxis in a research report on Monday, May 11th. They set a “buy” rating and a $45.00 target price for the company. Jefferies Financial Group restated a “buy” rating and set a $55.00 price target on shares of Arxis in a research note on Sunday, May 31st. UBS Group set a $53.00 price target on shares of Arxis in a report on Monday, May 11th. Finally, Wolfe Research began coverage on Arxis in a research note on Monday, May 11th. They issued an “outperform” rating and a $43.00 price objective on the stock.

Arxis Stock Up 10.9%

Shares of Arxis stock opened at $54.30 on Friday. Arxis has a 1 year low of $33.15 and a 1 year high of $55.24. The company’s fifty day simple moving average is $43.04.

Arxis (NASDAQ:ARXS) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.35. The company had revenue of $500.73 million during the quarter. The company’s quarterly revenue was up 25.0% compared to the same quarter last year.

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.