Arxis (NASDAQ:ARXS) Price Target Raised to $67.00

Arxis (NASDAQ:ARXS) had its target price lifted by Citigroup from $61.00 to $67.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts also recently weighed in on the company. Robert W. Baird assumed coverage on Arxis in a report on Monday, May 11th. They set an “outperform” rating and a $55.00 price target for the company. Royal Bank Of Canada upped their price target on shares of Arxis from $46.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. Wells Fargo & Company increased their price objective on shares of Arxis from $52.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Melius Research began coverage on shares of Arxis in a research note on Monday, May 11th. They set a “buy” rating and a $45.00 price objective for the company. Finally, William Blair initiated coverage on shares of Arxis in a report on Monday, May 11th. They issued an “outperform” rating for the company. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.73.

Arxis Stock Down 0.7%

ARXS stock opened at $57.28 on Thursday. Arxis has a twelve month low of $33.15 and a twelve month high of $61.50. The company has a current ratio of 5.21, a quick ratio of 3.79 and a debt-to-equity ratio of 0.38. The company has a market cap of $23.91 billion and a price-to-earnings ratio of 716.00. The company’s 50 day moving average is $46.30.

Arxis (NASDAQ:ARXS) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.35. The company had revenue of $500.73 million for the quarter. Arxis’s revenue was up 25.0% on a year-over-year basis. On average, research analysts expect that Arxis will post 0.57 earnings per share 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.