Axos Financial, Inc. (NYSE:AX) Given Consensus Rating of “Moderate Buy” by Analysts

Axos Financial, Inc. (NYSE:AX) has been given an average rating of “Moderate Buy” by the four ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $81.00.

Several equities research analysts have commented on AX shares. Raymond James boosted their price objective on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Wedbush boosted their price objective on Axos Financial from $60.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Piper Sandler boosted their price objective on Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods lowered Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price objective for the company. in a research note on Wednesday, July 31st.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC lifted its holdings in Axos Financial by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 17,185 shares of the company’s stock valued at $938,000 after acquiring an additional 206 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in Axos Financial by 5.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 5,291 shares of the company’s stock valued at $302,000 after acquiring an additional 266 shares during the last quarter. CWM LLC lifted its holdings in Axos Financial by 5.4% in the second quarter. CWM LLC now owns 5,208 shares of the company’s stock valued at $298,000 after acquiring an additional 269 shares during the last quarter. Foundry Partners LLC lifted its holdings in Axos Financial by 5.8% in the second quarter. Foundry Partners LLC now owns 5,779 shares of the company’s stock valued at $330,000 after acquiring an additional 316 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Axos Financial by 8.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,318 shares of the company’s stock valued at $290,000 after acquiring an additional 394 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Stock Performance

NYSE AX opened at $62.01 on Friday. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 8.41 and a beta of 1.43. Axos Financial has a twelve month low of $32.05 and a twelve month high of $79.15. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average of $61.84 and a 200 day moving average of $56.42.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.80. The company had revenue of $484.29 million during the quarter, compared to analysts’ expectations of $296.02 million. Axos Financial had a return on equity of 18.57% and a net margin of 23.96%. During the same quarter in the prior year, the firm posted $1.50 EPS. Sell-side analysts anticipate that Axos Financial will post 7.25 EPS for the current fiscal year.

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.