Axos Financial, Inc. (NYSE:AX) Receives $67.25 Average Price Target from Analysts

Shares of Axos Financial, Inc. (NYSE:AX) have been given an average rating of “Moderate Buy” by the four analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $67.25.

Several equities research analysts have commented on AX shares. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $79.00 target price on shares of Axos Financial in a research note on Tuesday, June 4th. Piper Sandler boosted their target price on Axos Financial from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Wedbush restated a “neutral” rating and issued a $60.00 target price on shares of Axos Financial in a research note on Wednesday, May 1st.

Axos Financial Price Performance

Axos Financial stock opened at $54.55 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average of $55.24 and a 200-day moving average of $53.53. Axos Financial has a 1 year low of $32.05 and a 1 year high of $63.00. The firm has a market capitalization of $3.11 billion, a P/E ratio of 7.40 and a beta of 1.39.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.21. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. The business had revenue of $476.73 million during the quarter, compared to analyst estimates of $277.85 million. During the same period in the previous year, the firm earned $1.35 EPS. On average, equities analysts anticipate that Axos Financial will post 6.76 EPS for the current year.

Institutional Investors Weigh In On Axos Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. bought a new stake in shares of Axos Financial during the 4th quarter worth approximately $26,000. EntryPoint Capital LLC increased its holdings in shares of Axos Financial by 816.7% during the 1st quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock worth $27,000 after acquiring an additional 441 shares during the last quarter. Investment Research & Advisory Group Inc. acquired a new position in shares of Axos Financial during the 1st quarter worth approximately $27,000. FinTrust Capital Advisors LLC acquired a new position in shares of Axos Financial during the 4th quarter worth approximately $44,000. Finally, GAMMA Investing LLC acquired a new position in shares of Axos Financial during the 4th quarter worth approximately $49,000. Institutional investors own 83.79% of the company’s stock.

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.