B. Riley Analysts Give Axos Financial (NYSE:AX) a $33.00 Price Target

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B. Riley set a $33.00 price target on Axos Financial (NYSE:AX) in a report released on Thursday, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock. B. Riley also issued estimates for Axos Financial’s Q1 2020 earnings at $0.65 EPS, Q2 2020 earnings at $0.69 EPS, Q3 2020 earnings at $0.90 EPS, Q4 2020 earnings at $0.71 EPS and FY2020 earnings at $2.95 EPS.

A number of other brokerages also recently weighed in on AX. ValuEngine upgraded Zumiez from a sell rating to a hold rating in a research note on Saturday, June 22nd. Compass Point downgraded Axos Financial from a buy rating to a neutral rating and set a $35.00 target price on the stock. in a research note on Wednesday, May 1st. Finally, Zacks Investment Research upgraded Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 target price on the stock in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $38.80.

Shares of Axos Financial stock opened at $26.76 on Thursday. Axos Financial has a one year low of $23.87 and a one year high of $43.17. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 0.82 and a beta of 0.96. The company has a 50-day moving average price of $27.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.13 and a quick ratio of 1.13.

Axos Financial (NYSE:AX) last issued its earnings results on Tuesday, April 30th. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.11). Axos Financial had a net margin of 24.48% and a return on equity of 16.76%. The firm had revenue of $155.27 million during the quarter, compared to the consensus estimate of $158.20 million. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, sell-side analysts predict that Axos Financial will post 2.73 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. MBM Wealth Consultants LLC purchased a new position in Axos Financial in the first quarter valued at approximately $26,000. Toronto Dominion Bank purchased a new position in Axos Financial in the first quarter valued at approximately $34,000. Mark Sheptoff Financial Planning LLC purchased a new position in Axos Financial in the first quarter valued at approximately $35,000. Public Employees Retirement Association of Colorado purchased a new position in Axos Financial in the first quarter valued at approximately $42,000. Finally, Shelton Capital Management purchased a new position in Axos Financial in the first quarter valued at approximately $53,000. Institutional investors and hedge funds own 72.62% of the company’s stock.

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.

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Analyst Recommendations for Axos Financial (NYSE:AX)

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