Arxis, Inc. (NASDAQ:ARXS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Arxis, Inc. (NASDAQ:ARXS) have received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $53.7273.

A number of research analysts recently commented on ARXS shares. Royal Bank Of Canada increased their target price on Arxis from $46.00 to $50.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Weiss Ratings assumed coverage on Arxis in a report on Monday, August 3rd. They set a “sell (d+)” rating on the stock. Citigroup upped their target price on Arxis from $61.00 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Jefferies Financial Group reissued a “buy” rating and set a $60.00 price target on shares of Arxis in a research note on Sunday, August 2nd. Finally, Wells Fargo & Company increased their target price on shares of Arxis from $52.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th.

Institutional Investors Weigh In On Arxis

Several institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company purchased a new stake in shares of Arxis during the second quarter valued at approximately $207,000. Amundi bought a new position in shares of Arxis during the second quarter valued at about $358,000. IMC Chicago LLC purchased a new stake in shares of Arxis during the second quarter worth about $1,146,000. Grandeur Peak Global Advisors LLC purchased a new stake in shares of Arxis during the second quarter worth about $2,740,000. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Arxis in the 2nd quarter worth approximately $7,389,000.

Arxis Stock Performance

Shares of ARXS stock opened at $52.02 on Friday. Arxis has a 52-week low of $33.15 and a 52-week high of $61.50. The stock has a fifty day simple moving average of $51.02. The company has a quick ratio of 3.79, a current ratio of 5.21 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $21.72 billion and a P/E ratio of 650.25.

Arxis (NASDAQ:ARXS) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.35. The business had revenue of $500.73 million for the quarter. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, sell-side 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.