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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Axos Financial, with five buy ratings, one strong-buy rating and two holds. The average 12-month price target is $115.67, representing potential upside from the $88.64 share price.
• Axos Financial exceeded quarterly expectations, reporting $2.53 earnings per share versus the $2.16 consensus and revenue of $379.77 million versus $375.54 million expected.
• Institutional investors own 83.79% of the company, while recent analyst actions were largely positive, including target-price increases from Needham, Benchmark and Keefe, Bruyette & Woods.

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

Several analysts have recently issued reports on the company. Needham & Company LLC increased their price objective on Axos Financial from $110.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Benchmark boosted their target price on Axos Financial from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Keefe, Bruyette & Woods upped their price target on Axos Financial from $105.00 to $110.00 and gave the stock a "market perform" rating in a report on Friday, July 31st. DA Davidson set a $121.00 price target on Axos Financial in a research report on Friday, July 31st. Finally, Weiss Ratings upgraded Axos Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, July 1st.

Axos Financial Stock Up 1.2%

Shares of NYSE:AX opened at $88.64 on Friday. The firm has a market capitalization of $5.03 billion, a PE ratio of 10.46 and a beta of 1.22. Axos Financial has a 1 year low of $74.89 and a 1 year high of $105.74. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.07. The firm's 50-day moving average is $96.85 and its two-hundred day moving average is $92.44.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.53 earnings per share for the quarter, beating analysts' consensus estimates of $2.16 by $0.37. Axos Financial had a net margin of 22.39% and a return on equity of 16.96%. The firm had revenue of $379.77 million during the quarter, compared to analysts' expectations of $375.54 million. During the same quarter in the previous year, the business posted $1.94 earnings per share. Analysts predict that Axos Financial will post 9.64 EPS for the current year.

Insider Buying and Selling at Axos Financial

In related news, Director Roque Santi sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total value of $52,650.00. Following the sale, the director owned 7,146 shares of the company's stock, valued at $752,473.80. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.85% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Axos Financial in the 2nd quarter valued at about $1,281,000. BlackRock Inc. acquired a new stake in shares of Axos Financial during the 2nd quarter worth about $817,051,000. Principal Financial Group Inc. lifted its stake in Axos Financial by 4.9% during the first quarter. Principal Financial Group Inc. now owns 353,951 shares of the company's stock worth $30,118,000 after purchasing an additional 16,627 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in Axos Financial by 12.3% during the fourth quarter. Kennedy Capital Management LLC now owns 308,935 shares of the company's stock worth $26,618,000 after purchasing an additional 33,854 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Axos Financial in the second quarter valued at approximately $2,867,000. Institutional investors and hedge funds own 83.79% of the company's stock.

Axos Financial Company Profile

Axos Financial, Inc is the parent company of Axos Bank, a digital-first financial institution that provides banking and financial services to consumers, businesses and institutional clients. The company operates primarily through online and mobile platforms, supplemented by relationship-based banking and specialized service teams.

Axos Bank offers deposit products, personal and business checking and savings accounts, certificates of deposit, consumer lending, residential mortgage loans, commercial and industrial loans, commercial real estate financing and treasury management services.

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