Analysts Set Axos Financial, Inc. (NYSE:AX) Target Price at $84.17

Shares of Axos Financial, Inc. (NYSE:AX) have earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $84.17.

Several equities analysts recently issued reports on the company. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Raymond James restated an “outperform” rating and set a $80.00 price target (up from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Needham & Company LLC raised their price target on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. DA Davidson reduced their price target on Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods reduced their price target on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th.

Institutional Investors Weigh In On Axos Financial

Large investors have recently made changes to their positions in the business. Heck Capital Advisors LLC bought a new stake in shares of Axos Financial during the fourth quarter valued at approximately $35,000. Ashton Thomas Securities LLC bought a new stake in shares of Axos Financial during the third quarter valued at approximately $41,000. Farther Finance Advisors LLC boosted its position in shares of Axos Financial by 881.8% during the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after purchasing an additional 582 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of Axos Financial during the fourth quarter valued at approximately $52,000. Finally, NewEdge Advisors LLC boosted its position in shares of Axos Financial by 1,700.0% during the fourth quarter. NewEdge Advisors LLC now owns 900 shares of the company’s stock valued at $63,000 after purchasing an additional 850 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors.

Axos Financial Stock Performance

Shares of NYSE AX opened at $66.69 on Wednesday. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 8.96 and a beta of 1.45. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial has a 1-year low of $44.10 and a 1-year high of $88.46. The stock’s 50-day moving average is $70.20 and its 200 day moving average is $70.19.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. On average, sell-side analysts anticipate that Axos Financial will post 7.22 EPS for the current fiscal year.

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.