ValuEngine Downgrades Axos Financial (NYSE:AX) to Strong Sell

ValuEngine cut shares of Axos Financial (NYSE:AX) from a sell rating to a strong sell rating in a report published on Saturday morning, ValuEngine reports.

Other equities analysts have also issued reports about the stock. Compass Point lowered shares of Axos Financial from a buy rating to a neutral rating and set a $35.00 price objective for the company. in a research report on Wednesday, May 1st. Zacks Investment Research lowered shares of Axos Financial from a hold rating to a sell rating in a research report on Monday, June 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $40.60.

AX stock opened at $25.78 on Friday. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 0.95 and a beta of 1.02. The firm’s 50-day moving average price is $28.43. Axos Financial has a one year low of $23.87 and a one year high of $43.19. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.40.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.11). The firm had revenue of $155.27 million for the quarter, compared to analysts’ expectations of $158.20 million. Axos Financial had a net margin of 24.48% and a return on equity of 16.76%. Axos Financial’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, sell-side analysts expect that Axos Financial will post 2.75 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. MBM Wealth Consultants LLC acquired a new position in Axos Financial in the 1st quarter worth approximately $26,000. Toronto Dominion Bank acquired a new position in Axos Financial in the 1st quarter worth approximately $34,000. Mark Sheptoff Financial Planning LLC acquired a new position in Axos Financial in the 1st quarter worth approximately $35,000. Public Employees Retirement Association of Colorado acquired a new position in Axos Financial in the 1st quarter worth approximately $42,000. Finally, Shelton Capital Management acquired a new position in Axos Financial in the 1st quarter worth approximately $53,000. 72.62% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Axos Financial (NYSE:AX)

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