Arxis, Inc. (ARXS) – What Are Brokerages Saying About This Stock?

Arxis, Inc. (NASDAQ:ARXS) has been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $55.36.

A number of research analysts have issued reports on the company. Jefferies Financial Group restated a “buy” rating and issued a $60.00 price objective on shares of Arxis in a research note on Sunday, August 2nd. Wells Fargo & Company boosted their target price on shares of Arxis from $52.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Citigroup raised their price target on Arxis from $61.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Weiss Ratings upgraded Arxis from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, November 2nd. Finally, Morgan Stanley lifted their price target on Arxis from $62.00 to $66.00 and gave the company an “overweight” rating in a research report on Friday, October 30th.

Institutional Investors Weigh In On Arxis

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new position in shares of Arxis during the 3rd quarter valued at $157,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Arxis by 22.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,133 shares of the company’s stock worth $945,000 after buying an additional 3,521 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Arxis in the second quarter worth $207,000. Third View Private Wealth LLC purchased a new stake in shares of Arxis in the third quarter worth $264,000. Finally, Amundi bought a new stake in Arxis during the second quarter valued at $358,000.

Arxis Stock Performance

NASDAQ ARXS opened at $49.90 on Monday. The firm has a market cap of $21.49 billion and a price-to-earnings ratio of 623.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.70 and a quick ratio of 3.27. The company has a fifty day moving average price of $50.94 and a 200-day moving average price of $46.37. Arxis has a 1 year low of $33.15 and a 1 year high of $61.50.

About Arxis

Arxis, Inc is a manufacturer and supplier of engineered products for the aerospace and defense industries. Its components and systems are designed for use in aircraft and other demanding applications.

The company serves customers that require specialized, performance-critical products. Publicly available information about its specific product lines, operating history, geographic reach and leadership is limited.