TASER International, Inc. (NASDAQ:AAXN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, October 31st. The brokerage presently has a $26.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 12.41% from the stock’s previous close.
According to Zacks, “Axon Enterprise, Inc. engages in the development, manufacture and sale of conducted electrical weapons for the law enforcement, federal, military, corrections, private security and personal defense markets. Its operating segment consists of TASER Weapons and Axon segments. TASER Weapons segment involves in the sale of conducted electrical weapons, accessories and other products and services. Axon segment focuses on devices, wearables, applications, cloud and mobile products. Axon Enterprise Inc., formerly known as TASER International Inc., is headquartered in Scottsdale, AZ. “
Separately, ValuEngine upgraded shares of TASER International from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.50.
Shares of TASER International (AAXN) traded up $0.74 during midday trading on Tuesday, reaching $23.13. 1,136,098 shares of the company’s stock were exchanged, compared to its average volume of 849,852. The company has a market capitalization of $1,223.87, a PE ratio of 96.38, a P/E/G ratio of 5.44 and a beta of 1.17. TASER International has a 1 year low of $20.57 and a 1 year high of $28.49.
TASER International (NASDAQ:AAXN) last released its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). The business had revenue of $90.26 million for the quarter, compared to the consensus estimate of $82.89 million. TASER International had a net margin of 4.32% and a return on equity of 7.91%. The business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period last year, the firm posted $0.07 EPS. analysts forecast that TASER International will post 0.17 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This report was originally published by BBNS and is the sole property of of BBNS. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://baseballnewssource.com/markets/taser-international-inc-aaxn-upgraded-to-buy-at-zacks-investment-research/1746663.html.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan raised its holdings in TASER International by 4.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,460 shares of the industrial products company’s stock worth $313,000 after acquiring an additional 500 shares during the period. Parallel Advisors LLC increased its holdings in shares of TASER International by 13.5% during the 2nd quarter. Parallel Advisors LLC now owns 4,200 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 500 shares during the period. FNY Partners Fund LP increased its holdings in shares of TASER International by 25.0% during the 2nd quarter. FNY Partners Fund LP now owns 5,000 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 1,000 shares during the period. Bridge City Capital LLC increased its holdings in shares of TASER International by 8.7% during the 3rd quarter. Bridge City Capital LLC now owns 30,257 shares of the industrial products company’s stock worth $686,000 after purchasing an additional 2,423 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of TASER International by 2.9% during the 3rd quarter. Rhumbline Advisers now owns 110,436 shares of the industrial products company’s stock worth $2,504,000 after purchasing an additional 3,100 shares during the period. Hedge funds and other institutional investors own 96.43% of the company’s stock.
About TASER International
Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TASER International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TASER International Inc. and related companies with our FREE daily email newsletter.