Axos Financial (NYSE:AX) had its target price lowered by Craig Hallum from $51.00 to $40.00 in a research report issued on Wednesday, January 30th, The Fly reports. The brokerage presently has a “buy” rating on the stock. Craig Hallum’s price objective would indicate a potential upside of 20.45% from the stock’s current price.
AX has been the subject of several other reports. DA Davidson dropped their target price on Axos Financial to $40.00 and set a “buy” rating for the company in a research note on Thursday, October 25th. Zacks Investment Research lowered Axos Financial from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. Raymond James upgraded Axos Financial from an “outperform” rating to a “strong-buy” rating and set a $46.00 target price for the company in a research note on Wednesday, October 3rd. B. Riley set a $42.00 target price on Axos Financial and gave the company a “buy” rating in a research note on Thursday, December 13th. Finally, ValuEngine lowered Axos Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 18th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $41.20.
Axos Financial stock opened at $33.21 on Wednesday. The firm has a market capitalization of $2.03 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 1.13 and a beta of 0.89. Axos Financial has a 52 week low of $23.87 and a 52 week high of $45.18. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.06.
Axos Financial, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.
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