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

Shares of Arxis, Inc. (NASDAQ:ARXS) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $53.7273.

A number of analysts have recently weighed in on the company. Robert W. Baird started coverage on Arxis in a research report on Monday, May 11th. They issued an “outperform” rating and a $55.00 price objective for the company. Citigroup upped their price objective on shares of Arxis from $61.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Weiss Ratings assumed coverage on shares of Arxis in a report on Monday, August 3rd. They issued a “sell (d+)” rating for the company. Wall Street Zen raised shares of Arxis to a “hold” rating in a report on Saturday, May 2nd. Finally, Rothschild & Co Redburn assumed coverage on Arxis in a research report on Monday, May 11th. They issued a “buy” rating and a $40.00 target price on the stock.

Arxis Stock Performance

NASDAQ:ARXS opened at $56.56 on Wednesday. The company has a market cap of $23.61 billion and a price-to-earnings ratio of 707.00. The firm has a 50-day simple moving average of $46.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.79 and a current ratio of 5.21. Arxis has a one year low of $33.15 and a one year high of $61.50.

Arxis (NASDAQ:ARXS) last posted its 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 for the quarter. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, research analysts predict 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.