Piper Sandler Raises Axos Financial (NYSE:AX) Price Target to $84.00

Axos Financial (NYSE:AX) had its price target lifted by Piper Sandler from $68.00 to $84.00 in a report published on Wednesday, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

AX has been the subject of several other reports. Wedbush reaffirmed a neutral rating and set a $60.00 price objective on shares of Axos Financial in a research report on Wednesday, May 1st. Keefe, Bruyette & Woods cut shares of Axos Financial from an outperform rating to a market perform rating and set a $79.00 price objective for the company. in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $81.00.

Axos Financial Stock Performance

Shares of AX stock opened at $67.22 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial has a 52 week low of $32.05 and a 52 week high of $79.15. The stock has a market capitalization of $3.83 billion, a PE ratio of 9.12 and a beta of 1.43. The firm has a 50 day moving average of $60.15 and a two-hundred day moving average of $55.83.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.80 EPS for the quarter, meeting the consensus estimate of $1.80. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. The company had revenue of $484.29 million during the quarter, compared to analysts’ expectations of $296.02 million. During the same quarter last year, the company posted $1.50 EPS. On average, research analysts predict that Axos Financial will post 7.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Axos Financial

A number of institutional investors and hedge funds have recently bought and sold shares of AX. Arizona State Retirement System lifted its position in Axos Financial by 3.5% in the fourth quarter. Arizona State Retirement System now owns 15,686 shares of the company’s stock valued at $856,000 after acquiring an additional 537 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Axos Financial by 56.9% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 23,182 shares of the company’s stock valued at $1,306,000 after acquiring an additional 8,405 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Axos Financial by 2.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,898 shares of the company’s stock valued at $1,414,000 after acquiring an additional 558 shares during the last quarter. Wakefield Asset Management LLLP lifted its position in Axos Financial by 33.0% in the fourth quarter. Wakefield Asset Management LLLP now owns 20,716 shares of the company’s stock valued at $1,131,000 after acquiring an additional 5,140 shares during the last quarter. Finally, Cerity Partners LLC purchased a new stake in Axos Financial in the fourth quarter valued at $260,000. 83.79% of the stock is owned by hedge funds and other institutional investors.

About Axos Financial

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.