Axos Financial, Inc. (NYSE:AX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Axos Financial, Inc. (NYSE:AXGet Free Report) have received a consensus recommendation of “Moderate Buy” from the four ratings firms that are currently covering the firm, reports. One equities research analyst has rated the stock with a hold recommendation and three 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 $67.25.

AX has been the topic of a number of recent research reports. Wedbush reiterated a “neutral” rating and set a $60.00 price target on shares of Axos Financial in a report on Wednesday, May 1st. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $79.00 price target on shares of Axos Financial in a research report on Tuesday, June 4th. Finally, Piper Sandler increased their price target on Axos Financial from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st.

Get Our Latest Stock Analysis on AX

Axos Financial Trading Up 0.7 %

Shares of AX stock opened at $55.19 on Friday. Axos Financial has a twelve month low of $32.05 and a twelve month high of $63.00. The stock’s fifty day simple moving average is $55.47 and its 200 day simple moving average is $53.55. 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 firm has a market capitalization of $3.14 billion, a P/E ratio of 7.49 and a beta of 1.39.

Axos Financial (NYSE:AXGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.21. Axos Financial had a net margin of 24.39% and a return on equity of 18.57%. The business had revenue of $476.73 million during the quarter, compared to analyst estimates of $277.85 million. During the same quarter last year, the business earned $1.35 EPS. As a group, sell-side analysts predict that Axos Financial will post 6.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Axos Financial

Several institutional investors and hedge funds have recently made changes to their positions in AX. Hancock Whitney Corp lifted its stake in Axos Financial by 213.6% in the first quarter. Hancock Whitney Corp now owns 12,461 shares of the company’s stock valued at $673,000 after buying an additional 8,488 shares during the period. Tidal Investments LLC boosted its stake in Axos Financial by 10.9% during the first quarter. Tidal Investments LLC now owns 28,294 shares of the company’s stock worth $1,529,000 after acquiring an additional 2,787 shares in the last quarter. 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 worth $2,421,000 after purchasing an additional 684 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Axos Financial by 130.1% during the first quarter. Janus Henderson Group PLC now owns 55,640 shares of the company’s stock valued at $3,007,000 after purchasing an additional 31,464 shares during the period. Finally, Caxton Associates LP bought a new position in shares of Axos Financial during the 1st quarter worth about $896,000. Institutional investors own 83.79% of the company’s stock.

Axos Financial Company Profile

(Get Free Report

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.

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