Analysts Set Arxis, Inc. (NASDAQ:ARXS) Target Price at $49.27

Shares of Arxis, Inc. (NASDAQ:ARXS) have received a consensus rating of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and ten 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 $49.6364.

A number of equities research analysts have recently issued reports on the stock. UBS Group set a $53.00 price objective on shares of Arxis in a research report on Monday, May 11th. Melius Research began coverage on Arxis in a report on Monday, May 11th. They issued a “buy” rating and a $45.00 target price on the stock. Rothschild & Co Redburn assumed coverage on Arxis in a research report on Monday, May 11th. They set a “buy” rating and a $40.00 target price on the stock. The Goldman Sachs Group started coverage on Arxis in a research report on Monday, May 11th. They issued a “buy” rating and a $53.00 price target for the company. Finally, William Blair assumed coverage on Arxis in a research note on Monday, May 11th. They issued an “outperform” rating on the stock.

Insider Buying and Selling

In other news, Director Stephen Duane Oetgen acquired 25,000 shares of Arxis stock in a transaction dated Friday, April 17th. The stock was purchased at an average cost of $28.00 per share, with a total value of $700,000.00. Following the completion of the purchase, the director directly owned 30,357 shares in the company, valued at approximately $849,996. This trade represents a 466.68% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patrick E. Allen acquired 10,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were purchased at an average price of $28.00 per share, for a total transaction of $280,000.00. Following the completion of the transaction, the director directly owned 15,357 shares in the company, valued at approximately $429,996. This trade represents a 186.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 201,564 shares of company stock worth $5,643,792 in the last ninety days.

Arxis Trading Down 8.6%

ARXS stock traded down $4.01 during midday trading on Tuesday, reaching $42.65. 333,021 shares of the company’s stock traded hands, compared to its average volume of 1,262,198. Arxis has a 52-week low of $33.15 and a 52-week high of $48.68. The stock’s 50-day moving average is $39.91.

Arxis Company Profile

We are a leading designer and manufacturer of proprietary, mission-critical electronic and mechanical components engineered for cutting-edge performance in extreme environments. Leveraging significant intellectual property (“IP”) and world-class engineering capabilities, we design and deliver innovative solutions that address some of our customers’ most complex performance needs. Arxis is the result of a deliberate and disciplined strategy executed by our sponsor, Arcline, and the Arxis management team to create a purpose-built, cohesive business through targeted acquisitions with similar product and end market characteristics.