Axos Financial (NYSE:AX) Price Target Raised to $81.00

Axos Financial (NYSE:AX) had its target price raised by Raymond James from $67.00 to $81.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

AX has been the topic of several other reports. Piper Sandler increased their price objective on shares of Axos Financial from $68.00 to $84.00 and gave the company an overweight rating in a report on Wednesday. Keefe, Bruyette & Woods downgraded shares of Axos Financial from an outperform rating to a market perform rating and set a $79.00 price objective on the stock. in a report on Wednesday. Finally, Wedbush increased their price objective on shares of Axos Financial from $60.00 to $80.00 and gave the company a neutral rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Axos Financial presently has an average rating of Hold and a consensus target price of $81.00.

Axos Financial Stock Performance

Shares of NYSE AX opened at $67.22 on Wednesday. The company’s fifty day moving average price is $60.15 and its 200 day moving average price is $55.83. Axos Financial has a 1 year low of $32.05 and a 1 year high of $79.15. The company has a market capitalization of $3.83 billion, a PE ratio of 9.12 and a beta of 1.43. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.07 and a current ratio of 1.08.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.80. The business had revenue of $484.29 million for the quarter, compared to the consensus estimate of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. During the same period last year, the firm posted $1.50 earnings per share. On average, research analysts predict that Axos Financial will post 7.25 earnings per share for the current year.

Institutional Investors Weigh In On Axos Financial

Hedge funds have recently modified their holdings of the business. Trexquant Investment LP acquired a new stake in shares of Axos Financial in the fourth quarter valued at about $1,743,000. Lazard Asset Management LLC raised its position in shares of Axos Financial by 6.1% in the first quarter. Lazard Asset Management LLC now owns 260,100 shares of the company’s stock valued at $14,055,000 after buying an additional 14,953 shares during the last quarter. GSA Capital Partners LLP increased its position in Axos Financial by 122.2% during the first quarter. GSA Capital Partners LLP now owns 31,440 shares of the company’s stock worth $1,699,000 after purchasing an additional 17,288 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in Axos Financial during the fourth quarter worth about $5,495,000. Finally, First Eagle Investment Management LLC increased its position in Axos Financial by 7.2% during the first quarter. First Eagle Investment Management LLC now owns 187,572 shares of the company’s stock worth $10,136,000 after purchasing an additional 12,650 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

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.