Arxis, Inc. (NASDAQ:ARXS) Receives $53.73 Consensus Target Price from Analysts

Arxis, Inc. (NASDAQ:ARXS) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $53.7273.

A number of analysts have issued reports on the stock. Weiss Ratings started coverage on shares of Arxis in a research note on Monday, August 3rd. They set a “sell (d+)” rating on the stock. Wall Street Zen upgraded shares of Arxis to a “hold” rating in a report on Saturday, May 2nd. Rothschild & Co Redburn initiated coverage on shares of Arxis in a research note on Monday, May 11th. They set a “buy” rating and a $40.00 target price on the stock. The Goldman Sachs Group began coverage on shares of Arxis in a report on Monday, May 11th. They set a “buy” rating and a $53.00 target price on the stock. Finally, William Blair assumed coverage on shares of Arxis in a research note on Monday, May 11th. They issued an “outperform” rating for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ARXS. Alyeska Investment Group L.P. purchased a new position in shares of Arxis in the 2nd quarter valued at about $13,842,000. IMC Chicago LLC acquired a new position in shares of Arxis during the second quarter worth about $1,146,000. Finally, Grandeur Peak Global Advisors LLC purchased a new stake in shares of Arxis during the second quarter worth approximately $2,740,000.

Arxis Stock Down 0.2%

NASDAQ:ARXS opened at $52.98 on Wednesday. Arxis has a 52 week low of $33.15 and a 52 week high of $61.50. The stock’s fifty day moving average price is $48.24. The firm has a market capitalization of $22.12 billion and a PE ratio of 662.25. The company has a quick ratio of 3.79, a current ratio of 5.21 and a debt-to-equity ratio of 0.38.

Arxis (NASDAQ:ARXS) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.35. The firm had revenue of $500.73 million during the quarter. The company’s quarterly revenue was up 25.0% on a year-over-year basis. On average, sell-side analysts expect that Arxis will post 0.57 EPS for the current fiscal year.

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.