Analysts Set Axos Financial, Inc. (NYSE:AX) Price Target at $67.25

Axos Financial, Inc. (NYSE:AX) has earned a consensus recommendation of “Moderate Buy” from the four analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $67.25.

A number of brokerages have commented on AX. Piper Sandler lifted their price target on Axos Financial from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $79.00 target price on shares of Axos Financial in a report on Tuesday, June 4th. Finally, Wedbush reiterated a “neutral” rating and issued a $60.00 price target on shares of Axos Financial in a report on Wednesday, May 1st.

Axos Financial Stock Up 0.7 %

NYSE:AX opened at $55.19 on Friday. The company’s 50-day simple moving average is $55.47 and its 200-day simple moving average is $53.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.07. Axos Financial has a fifty-two week low of $32.05 and a fifty-two week high of $63.00. The stock has a market capitalization of $3.14 billion, a P/E ratio of 7.49 and a beta of 1.39.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.21. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. The business had revenue of $476.73 million for the quarter, compared to analyst estimates of $277.85 million. During the same quarter in the previous year, the firm earned $1.35 earnings per share. On average, equities analysts anticipate that Axos Financial will post 6.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Hancock Whitney Corp boosted its stake in shares of Axos Financial by 213.6% during the 1st quarter. Hancock Whitney Corp now owns 12,461 shares of the company’s stock worth $673,000 after acquiring an additional 8,488 shares in the last quarter. Tidal Investments LLC raised its holdings in Axos Financial by 10.9% in the 1st quarter. Tidal Investments LLC now owns 28,294 shares of the company’s stock worth $1,529,000 after purchasing an additional 2,787 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in Axos Financial by 1.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 44,796 shares of the company’s stock valued at $2,421,000 after purchasing an additional 684 shares during the period. Janus Henderson Group PLC increased its position in shares of Axos Financial by 130.1% in the first quarter. Janus Henderson Group PLC now owns 55,640 shares of the company’s stock valued at $3,007,000 after buying an additional 31,464 shares in the last quarter. Finally, Caxton Associates LP purchased a new stake in shares of Axos Financial in the first quarter valued at approximately $896,000. 83.79% of the stock is owned by institutional investors and hedge funds.

About Axos Financial

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.