Equities Analysts Issue Forecasts for Axon Enterprise Inc’s Q1 2018 Earnings (AAXN)
Axon Enterprise Inc (NASDAQ:AAXN) – Stock analysts at Oppenheimer issued their Q1 2018 earnings per share (EPS) estimates for Axon Enterprise in a report released on Wednesday. Oppenheimer analyst A. Uerkwitz expects that the industrial products company will earn $0.06 per share for the quarter. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Axon Enterprise’s Q3 2018 earnings at $0.12 EPS.
A number of other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of Axon Enterprise from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a report on Friday. Dougherty & Co reaffirmed a “buy” rating and issued a $36.00 price objective (up previously from $33.00) on shares of Axon Enterprise in a report on Wednesday. JPMorgan Chase & Co. set a $37.00 price objective on shares of Axon Enterprise and gave the stock a “buy” rating in a report on Wednesday. Craig Hallum set a $37.00 price objective on shares of Axon Enterprise and gave the stock a “buy” rating in a report on Wednesday. Finally, Ladenburg Thalmann Financial Services raised shares of Axon Enterprise from a “neutral” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Wednesday. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Axon Enterprise has a consensus rating of “Buy” and a consensus target price of $35.50.
Institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. acquired a new position in Axon Enterprise in the second quarter worth $102,000. Ameritas Investment Partners Inc. acquired a new position in shares of Axon Enterprise during the second quarter valued at $113,000. Victory Capital Management Inc. boosted its holdings in shares of Axon Enterprise by 58.0% during the third quarter. Victory Capital Management Inc. now owns 8,507 shares of the industrial products company’s stock valued at $193,000 after acquiring an additional 3,124 shares during the period. Royal Bank of Canada acquired a new position in shares of Axon Enterprise during the second quarter valued at $200,000. Finally, Amalgamated Bank acquired a new position in shares of Axon Enterprise during the fourth quarter valued at $203,000. 95.87% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.watchlistnews.com/equities-analysts-issue-forecasts-for-axon-enterprise-incs-q1-2018-earnings-aaxn/1904281.html.
About Axon Enterprise
Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.
Receive News & Ratings for Axon Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axon Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.