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

Arxis, Inc. (NASDAQ:ARXS) has earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $55.36.

ARXS has been the subject of several analyst reports. Citigroup upped their target price on Arxis from $61.00 to $67.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Royal Bank Of Canada upped their target price on shares of Arxis from $60.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, October 30th. 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. Weiss Ratings raised Arxis from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Finally, Morgan Stanley lifted their target price on Arxis from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Friday, October 30th.

Arxis Stock Down 2.8%

Shares of NASDAQ ARXS opened at $50.52 on Monday. The firm has a 50-day simple moving average of $51.13. Arxis has a 12-month low of $33.15 and a 12-month high of $61.50. 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 Investors Weigh In On Arxis

A number of institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue bought a new stake in shares of Arxis in the third quarter valued at approximately $157,000. The Manufacturers Life Insurance Company bought a new position in Arxis during the second quarter worth $207,000. Third View Private Wealth LLC bought a new position in Arxis during the third quarter worth $264,000. Amundi acquired a new position in Arxis during the 2nd quarter valued at $358,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Arxis by 22.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,133 shares of the company’s stock valued at $945,000 after purchasing an additional 3,521 shares during the last quarter.

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.