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

Axos Financial, Inc. (NYSE:AX) has received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $84.17.

A number of equities analysts have recently issued reports on the company. Raymond James reiterated an “outperform” rating and issued a $80.00 price objective (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Needham & Company LLC upped their target price on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. DA Davidson cut their price objective on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of 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 Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Boston Partners bought a new stake in shares of Axos Financial in the fourth quarter worth about $29,918,000. Wasatch Advisors LP grew its position in shares of Axos Financial by 34.0% in the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock worth $72,610,000 after buying an additional 292,952 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Axos Financial during the fourth quarter valued at approximately $16,464,000. State Street Corp increased its stake in shares of Axos Financial by 5.5% during the third quarter. State Street Corp now owns 3,178,708 shares of the company’s stock valued at $199,877,000 after buying an additional 164,997 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Axos Financial by 9.6% during the fourth quarter. American Century Companies Inc. now owns 1,874,779 shares of the company’s stock valued at $130,953,000 after acquiring an additional 163,952 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Trading Down 2.7 %

Shares of Axos Financial stock opened at $64.35 on Wednesday. The company has a 50 day simple moving average of $70.00 and a two-hundred day simple moving average of $70.35. The firm has a market cap of $3.67 billion, a PE ratio of 8.65 and a beta of 1.45. Axos Financial has a 1 year low of $44.10 and a 1 year high of $88.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. Analysts expect that Axos Financial will post 7.22 earnings per share 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.