Axos Financial, Inc (NYSE:AX) Stock Has Average Price Target of $115.67 According to Analysts

Key Points

• Analysts rate Axos Financial a “Moderate Buy”: Of eight covering analysts, five recommend buying, one strongly recommends buying, and two rate it a hold. Their average 12-month price target is $115.67.
• Recent quarterly results beat estimates: Axos reported EPS of $2.34 versus a $2.26 consensus and revenue of $395.07 million versus $386.30 million expected; revenue increased 22.2% year over year.
• Institutional investors own 83.79% of the stock, and several large firms established new positions during the second quarter. Shares opened at $91.21, below the analyst average price target.

Shares of Axos Financial, Inc (NYSE:AX - Get Free Report) have earned an average rating of "Moderate Buy" from the eight analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $115.67.

A number of brokerages have weighed in on AX. Weiss Ratings raised Axos Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 9th. Keefe, Bruyette & Woods raised their price target on shares of Axos Financial from $105.00 to $110.00 and gave the company a "market perform" rating in a report on Friday, July 31st. Needham & Company LLC reiterated a "buy" rating and issued a $128.00 price target on shares of Axos Financial in a research note on Monday, October 5th. Benchmark lifted their price target on shares of Axos Financial from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Finally, DA Davidson set a $121.00 price objective on shares of Axos Financial in a report on Friday, July 31st.

Institutional Investors Weigh In On Axos Financial

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Axos Financial during the 2nd quarter valued at approximately $817,051,000. Davis Asset Management L.P. purchased a new stake in Axos Financial in the 2nd quarter worth approximately $149,515,000. Bank of New York Mellon Corp bought a new stake in Axos Financial during the 2nd quarter worth approximately $36,816,000. Empowered Funds LLC bought a new stake in Axos Financial during the 2nd quarter worth approximately $24,453,000. Finally, Bank of America Corp DE bought a new stake in Axos Financial during the 2nd quarter worth approximately $16,437,000. Institutional investors own 83.79% of the company's stock.

Axos Financial Stock Down 0.1%

Axos Financial stock opened at $91.21 on Friday. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 10.39 and a beta of 1.31. The stock has a fifty day simple moving average of $90.83 and a two-hundred day simple moving average of $92.38. Axos Financial has a 12 month low of $74.89 and a 12 month high of $105.74. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.33.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.26 by $0.08. Axos Financial had a return on equity of 16.75% and a net margin of 22.33%. The firm had revenue of $395.07 million for the quarter, compared to the consensus estimate of $386.30 million. During the same period in the prior year, the company posted $1.94 earnings per share. The company's quarterly revenue was up 22.2% on a year-over-year basis. Equities analysts predict that Axos Financial will post 9.64 EPS for the current fiscal year.

About Axos Financial

Axos Financial, Inc. is a diversified financial services holding company whose principal subsidiary, Axos Bank, provides digital banking services to individuals and businesses across the United States. Its offerings include deposit accounts, mortgages, personal loans, and banking and lending solutions for businesses. The company also serves financial institutions and investors through businesses that provide securities clearing, custody, and related services. Its range of operations combines consumer and commercial banking with specialized financial services.

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