Shares of Axos Financial Inc (NYSE:AX) have earned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $40.60.

Several equities research analysts have weighed in on the company. Craig Hallum lowered their price target on Axos Financial from $51.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, January 30th. ValuEngine downgraded Axos Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Finally, Compass Point raised Axos Financial from a “neutral” rating to a “buy” rating and raised their price target for the stock from $33.00 to $38.00 in a report on Wednesday, February 6th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Axos Financial in the first quarter worth about $245,745,000. Dimensional Fund Advisors LP purchased a new position in shares of Axos Financial in the first quarter worth about $68,233,000. Rice Hall James & Associates LLC purchased a new position in shares of Axos Financial in the first quarter worth about $37,270,000. Janus Henderson Group PLC purchased a new position in shares of Axos Financial in the first quarter worth about $22,750,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Axos Financial in the first quarter worth about $20,716,000. 77.62% of the stock is owned by institutional investors and hedge funds.

Shares of AX stock opened at $30.03 on Friday. Axos Financial has a 1-year low of $23.87 and a 1-year high of $45.18. The stock has a market cap of $1.84 billion, a P/E ratio of 12.11, a P/E/G ratio of 1.06 and a beta of 0.88. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 1.13.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.11). The company had revenue of $155.27 million for the quarter, compared to the consensus estimate of $158.20 million. Axos Financial had a net margin of 24.48% and a return on equity of 16.76%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities analysts anticipate that Axos Financial will post 2.83 earnings per share for the current fiscal year.

About Axos Financial

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.

Further Reading: Trading Strategy

Analyst Recommendations for Axos Financial (NYSE:AX)

Receive News & Ratings for Axos Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axos Financial and related companies with MarketBeat.com's FREE daily email newsletter.