Arxis, Inc. (NASDAQ:ARXS) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Arxis has a “Moderate Buy” consensus among 13 analysts, with 10 buy ratings, two holds and one sell. The average 12-month price target is $53.73.
• Recent coverage has been mixed: Goldman Sachs initiated a buy rating with a $53 target, Wells Fargo raised its target to $63, while Weiss Ratings began coverage with a sell rating.
• Arxis reported quarterly EPS of $0.28, beating estimates by $0.35, while revenue reached $500.73 million—up 25% year over year. The stock opened at $56.56 and has traded between $33.15 and $61.50 over the past year.

Arxis, Inc. (NASDAQ:ARXS - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the thirteen research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $53.7273.

A number of research firms recently issued reports on ARXS. Wall Street Zen upgraded Arxis to a "hold" rating in a research note on Saturday, May 2nd. The Goldman Sachs Group started coverage on shares of Arxis in a research report on Monday, May 11th. They issued a "buy" rating and a $53.00 price objective on the stock. Wells Fargo & Company upped their target price on shares of Arxis from $52.00 to $63.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 4th. Weiss Ratings initiated coverage on Arxis in a research note on Monday, August 3rd. They issued a "sell (d+)" rating for the company. Finally, Zacks Research upgraded Arxis to a "hold" rating in a research report on Tuesday, May 12th.

Arxis Stock Performance

Arxis stock opened at $56.56 on Wednesday. Arxis has a fifty-two week low of $33.15 and a fifty-two week high of $61.50. The company has a current ratio of 5.21, a quick ratio of 3.79 and a debt-to-equity ratio of 0.38. The stock's 50-day moving average price is $46.96. The stock has a market capitalization of $23.61 billion and a PE ratio of 707.00.

Arxis (NASDAQ:ARXS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.35. The firm had revenue of $500.73 million during the quarter. The firm's revenue for the quarter was up 25.0% on a year-over-year basis. As a group, analysts predict that Arxis will post 0.57 EPS for the current fiscal year.

About Arxis

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.

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