TASER International, Inc. (AAXN) Given Consensus Rating of “Buy” by Brokerages
TASER International, Inc. (NASDAQ:AAXN) has earned an average recommendation of “Buy” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $29.50.
A number of equities analysts have recently weighed in on AAXN shares. Craig Hallum upped their target price on TASER International from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of TASER International in a research report on Thursday, March 2nd. ValuEngine raised TASER International from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Ladenburg Thalmann Financial Services reaffirmed a “neutral” rating on shares of TASER International in a research report on Thursday, March 2nd. Finally, Imperial Capital reaffirmed an “in-line” rating and set a $25.00 target price on shares of TASER International in a research report on Monday, March 27th.
Shares of TASER International (AAXN) traded down 1.00% during trading on Tuesday, hitting $25.70. 134,462 shares of the stock traded hands. The firm has a market cap of $1.36 billion, a P/E ratio of 73.22 and a beta of 0.92. TASER International has a 52 week low of $21.18 and a 52 week high of $30.15. The company has a 50-day moving average of $24.86 and a 200-day moving average of $24.48.
TASER International (NASDAQ:AAXN) last issued its earnings results on Tuesday, May 9th. The industrial products company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. TASER International had a return on equity of 11.93% and a net margin of 6.31%. The company had revenue of $79.20 million for the quarter, compared to analyst estimates of $69.69 million. During the same period in the prior year, the firm earned $0.06 earnings per share. TASER International’s revenue for the quarter was up 42.7% on a year-over-year basis. On average, analysts forecast that TASER International will post $0.26 EPS for the current fiscal year.
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A number of large investors have recently made changes to their positions in AAXN. Sapphire Star Partners LP bought a new stake in shares of TASER International during the first quarter valued at about $201,000. Navellier & Associates Inc bought a new stake in shares of TASER International during the first quarter valued at about $201,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of TASER International during the first quarter valued at about $273,000. Airain ltd bought a new stake in shares of TASER International during the first quarter valued at about $386,000. Finally, Congress Asset Management Co. MA bought a new stake in shares of TASER International during the first quarter valued at about $624,000. Institutional investors and hedge funds own 78.98% of the company’s stock.
TASER International Company Profile
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.
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