Arxis (NASDAQ:ARXS) Rating Increased to Strong-Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Arxis (NASDAQ:ARXS) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

Other analysts have also issued research reports about the stock. Wells Fargo & Company began coverage on shares of Arxis in a research report on Monday. They issued an “overweight” rating and a $42.00 price objective on the stock. Rothschild & Co Redburn started coverage on shares of Arxis in a research report on Monday. They issued a “buy” rating and a $40.00 price target on the stock. Citigroup started coverage on shares of Arxis in a research report on Monday. They issued a “buy” rating and a $42.00 price target on the stock. Melius Research started coverage on shares of Arxis in a research report on Monday. They issued a “buy” rating and a $45.00 price target on the stock. Finally, UBS Group set a $53.00 price target on shares of Arxis in a research report on Monday. Five analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Arxis presently has a consensus rating of “Buy” and a consensus target price of $45.27.

Arxis Price Performance

Shares of NASDAQ ARXS opened at $38.56 on Monday. Arxis has a 1 year low of $34.44 and a 1 year high of $39.45.

Insider Activity at Arxis

In other news, Director Stephen Duane Oetgen acquired 25,000 shares of Arxis stock in a transaction that occurred on Friday, April 17th. The stock was bought at an average price of $28.00 per share, with a total value of $700,000.00. Following the completion of the purchase, the director owned 30,357 shares in the company, valued at approximately $849,996. The trade was a 466.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Azad Sid Badakhsh purchased 36,000 shares of the business’s stock in a transaction on Friday, April 17th. The stock was bought at an average cost of $28.00 per share, with a total value of $1,008,000.00. Following the purchase, the insider owned 403,864 shares in the company, valued at approximately $11,308,192. This represents a 9.79% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 201,564 shares of company stock valued at $5,643,792 in the last quarter.

Arxis Company Profile

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.