Analysts Set Arxis, Inc. (NASDAQ:ARXS) Target Price at $49.64

Arxis, Inc. (NASDAQ:ARXS) has received a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $49.6364.

ARXS has been the subject of several analyst reports. Robert W. Baird assumed coverage on shares of Arxis in a report on Monday, May 11th. They issued an “outperform” rating and a $55.00 price objective for the company. Morgan Stanley boosted their target price on shares of Arxis from $44.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, June 1st. UBS Group set a $53.00 target price on Arxis in a research report on Monday, May 11th. Wall Street Zen upgraded Arxis to a “hold” rating in a research report on Saturday, May 2nd. Finally, Zacks Research upgraded Arxis to a “hold” rating in a research note on Tuesday, May 12th.

Arxis Price Performance

ARXS opened at $43.58 on Friday. The stock has a 50-day simple moving average of $42.01. Arxis has a twelve month low of $33.15 and a twelve month high of $48.68.

About Arxis

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.