Axos Financial (NYSE:AX) Price Target Raised to $84.00 at Piper Sandler

Axos Financial (NYSE:AX) had its target price lifted by Piper Sandler from $68.00 to $84.00 in a research report released on Wednesday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms have also recently weighed in on AX. Keefe, Bruyette & Woods cut Axos Financial from an outperform rating to a market perform rating and set a $79.00 price objective for the company. in a report on Wednesday. Wedbush reiterated a neutral rating and issued a $60.00 price target on shares of Axos Financial in a report on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $81.00.

Axos Financial Stock Down 3.9 %

Shares of NYSE AX opened at $67.20 on Wednesday. The firm’s fifty day moving average is $59.95 and its 200 day moving average is $55.73. Axos Financial has a 52 week low of $32.05 and a 52 week high of $79.15. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 9.12 and a beta of 1.42.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.80. The business had revenue of $484.29 million for the quarter, compared to analyst estimates of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 19.03%. During the same quarter last year, the firm earned $1.50 EPS. On average, equities research analysts expect that Axos Financial will post 7.21 earnings per share for the current year.

Hedge Funds Weigh In On Axos Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. bought a new stake in shares of Axos Financial in the 4th quarter worth approximately $26,000. EntryPoint Capital LLC boosted its holdings in Axos Financial by 816.7% in the first quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock worth $27,000 after acquiring an additional 441 shares in the last quarter. Investment Research & Advisory Group Inc. bought a new stake in Axos Financial in the first quarter worth $27,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Axos Financial in the fourth quarter worth $44,000. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Axos Financial during the second quarter valued at $49,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Axos Financial Company Profile

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.