Axos Financial (NYSE:AX) Given New $84.00 Price Target at DA Davidson

Axos Financial (NYSE:AXGet Free Report) had its price objective lowered by DA Davidson from $88.00 to $84.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price indicates a potential upside of 24.78% from the company’s current price. DA Davidson also issued estimates for Axos Financial’s FY2025 earnings at $7.35 EPS and FY2026 earnings at $7.66 EPS.

Several other research analysts have also issued reports on AX. Raymond James reissued an “outperform” rating and issued a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reduced their price target on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. Needham & Company LLC reiterated a “buy” rating and issued a $88.00 price target on shares of Axos Financial in a research note on Thursday. Finally, Piper Sandler reduced their price objective on shares of Axos Financial from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.50.

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Axos Financial Price Performance

Shares of AX stock opened at $67.32 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. Axos Financial has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The firm has a market cap of $3.84 billion, a P/E ratio of 9.05 and a beta of 1.33. The business’s 50 day moving average price is $62.56 and its 200-day moving average price is $69.53.

Axos Financial (NYSE:AXGet Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. The business had revenue of $432.72 million for the quarter, compared to the consensus estimate of $305.04 million. During the same period in the previous year, the firm earned $1.91 EPS. On average, equities research analysts anticipate that Axos Financial will post 7.22 earnings per share for the current year.

Insider Activity at Axos Financial

In related news, Director Sara Wardell-Smith acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the transaction, the director now directly owns 10,250 shares in the company, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.07% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Axos Financial

A number of hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings in shares of Axos Financial by 32.6% in the third quarter. Barclays PLC now owns 142,715 shares of the company’s stock worth $8,974,000 after acquiring an additional 35,087 shares during the period. Virtu Financial LLC purchased a new position in Axos Financial in the third quarter worth about $277,000. World Investment Advisors LLC bought a new stake in shares of Axos Financial during the 3rd quarter valued at about $221,000. Principal Financial Group Inc. increased its position in shares of Axos Financial by 27.9% during the 3rd quarter. Principal Financial Group Inc. now owns 320,717 shares of the company’s stock valued at $20,167,000 after purchasing an additional 70,017 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Axos Financial by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company’s stock worth $17,711,000 after purchasing an additional 32,095 shares during the period. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

About Axos Financial

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Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.

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Analyst Recommendations for Axos Financial (NYSE:AX)

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