Arxis, Inc. (NASDAQ:ARXS) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate Arxis “Moderate Buy”: Ten of 13 brokerages recommend buying the stock, with an average 12-month price target of $53.73.
• Institutional investors established significant new positions during the second quarter, including Squarepoint Ops ($19.5 million) and Alyeska Investment Group ($13.8 million).
• Arxis shares recently traded at $52.45, while the company reported quarterly EPS of $0.28 versus expectations for a $0.07 loss and 25% year-over-year revenue growth to $500.73 million.

Shares of Arxis, Inc. (NASDAQ:ARXS - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirteen brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $53.7273.

Several equities analysts have weighed in on ARXS shares. Weiss Ratings started coverage on shares of Arxis in a research report on Monday, August 3rd. They set a "sell (d+)" rating on the stock. Citigroup lifted their price target on Arxis from $61.00 to $67.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Jefferies Financial Group reissued a "buy" rating and issued a $60.00 price objective on shares of Arxis in a research note on Sunday, August 2nd. Royal Bank Of Canada raised their price objective on Arxis from $46.00 to $50.00 and gave the stock a "sector perform" rating in a research report on Friday, July 31st. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $62.00 target price on shares of Arxis in a report on Monday, August 3rd.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. purchased a new stake in Arxis in the 2nd quarter worth approximately $13,842,000. IMC Chicago LLC acquired a new position in shares of Arxis in the second quarter worth $1,146,000. Grandeur Peak Global Advisors LLC purchased a new stake in shares of Arxis during the second quarter worth $2,740,000. Amundi purchased a new stake in shares of Arxis during the second quarter worth $358,000. Finally, Squarepoint Ops LLC acquired a new stake in Arxis during the second quarter valued at $19,506,000.

Arxis Trading Up 0.9%

NASDAQ ARXS opened at $52.45 on Friday. The company has a current ratio of 5.21, a quick ratio of 3.79 and a debt-to-equity ratio of 0.38. Arxis has a 1 year low of $33.15 and a 1 year high of $61.50. The firm has a market cap of $21.90 billion and a P/E ratio of 655.62. The business's 50-day moving average is $50.35.

Arxis (NASDAQ:ARXS - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.35. The firm had revenue of $500.73 million during the quarter. The company's quarterly revenue was up 25.0% compared to the same quarter last year. Research analysts forecast 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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