Arxis, Inc. (NASDAQ:ARXS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Arxis, Inc. (NASDAQ:ARXS) have been given a consensus rating of “Moderate Buy” by the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $49.6364.

ARXS has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Arxis in a research note on Sunday, May 31st. Zacks Research upgraded shares of Arxis to a “hold” rating in a report on Tuesday, May 12th. Rothschild & Co Redburn began coverage on shares of Arxis in a research report on Monday, May 11th. They issued a “buy” rating and a $40.00 price target on the stock. Wolfe Research started coverage on Arxis in a report on Monday, May 11th. They issued an “outperform” rating and a $43.00 price target on the stock. Finally, Morgan Stanley increased their price objective on Arxis from $44.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, June 1st.

Arxis Trading Down 0.6%

Shares of Arxis stock opened at $42.40 on Friday. Arxis has a 52 week low of $33.15 and a 52 week high of $48.68. The business has a 50-day simple moving average of $41.81.

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.