Arxis (NASDAQ:ARXS) Stock Price Expected to Rise, Citigroup Analyst Says

Arxis (NASDAQ:ARXS) had its price target raised by research analysts at Citigroup from $61.00 to $67.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 15.54% from the company’s previous close.

Several other research firms have also commented on ARXS. Weiss Ratings assumed coverage on shares of Arxis in a report on Monday, August 3rd. They set a “sell (d+)” rating on the stock. Melius Research began coverage on shares of Arxis in a research report on Monday, May 11th. They set a “buy” rating and a $45.00 price target for the company. Wolfe Research initiated coverage on Arxis in a report on Monday, May 11th. They issued an “outperform” rating and a $43.00 price objective on the stock. Royal Bank Of Canada boosted their target price on Arxis from $46.00 to $50.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Finally, Robert W. Baird assumed coverage on Arxis in a report on Monday, May 11th. They set an “outperform” rating and a $55.00 target price for the company. Ten analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.73.

Arxis Stock Performance

ARXS traded down $0.11 during midday trading on Thursday, hitting $57.99. The stock had a trading volume of 316,551 shares, compared to its average volume of 1,118,184. The stock has a market capitalization of $24.21 billion and a P/E ratio of 724.88. The company’s fifty day moving average is $45.63. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.79 and a current ratio of 5.21. Arxis has a 1 year low of $33.15 and a 1 year high of $61.50.

Arxis (NASDAQ:ARXS) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.35. The business had revenue of $500.73 million for the quarter. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. On average, equities research analysts anticipate that Arxis will post 0.57 earnings per share for the current 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.