Axos Financial (AX) Receives a Buy from Piper Sandler

Piper Sandler analyst Andrew Liesch assigned a Buy rating to Axos Financial (AX – Research Report) today and set a price target of $84.00. The company’s shares closed last Friday at $65.12.

Liesch covers the Financial sector, focusing on stocks such as Equity Bancshares, Bank Of Hawaii, and Axos Financial. According to TipRanks, Liesch has an average return of 7.6% and a 52.12% success rate on recommended stocks.

In addition to Piper Sandler, Axos Financial also received a Buy from D.A. Davidson’s Gary Tenner in a report issued on July 31. However, on the same day, KBW downgraded Axos Financial (NYSE: AX) to a Hold.

The company has a one-year high of $79.15 and a one-year low of $32.05. Currently, Axos Financial has an average volume of 701K.

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Axos Financial (AX) Company Description:

Axos Financial, Inc. is a holding company, which engages in the provision of banking and financing services. It operates through the following segments: Banking Business, Securities Business, and Corporate. The Banking Business segment includes online banking, concierge banking, prepaid card services, and mortgage, vehicle, and unsecured lending through online and telephonic distribution channels. The Securities Business segment involves the clearing broker-dealer, registered investment advisor, and introducing broker-dealer lines of businesses. The company was founded on July 6, 1999 and is headquartered in Las Vegas, NV.