Axon Enterprise (NASDAQ:AAXN) had its price target boosted by equities research analysts at JPMorgan Chase & Co. from $28.00 to $32.00 in a research note issued to investors on Thursday, December 21st, MarketBeat reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 16.11% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. BidaskClub upgraded Axon Enterprise from a “hold” rating to a “buy” rating in a research note on Tuesday, December 12th. Dougherty & Co cut their price objective on Axon Enterprise from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Zacks Investment Research upgraded Axon Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, October 31st. Oppenheimer reaffirmed a “hold” rating on shares of Axon Enterprise in a report on Wednesday, November 8th. Finally, ValuEngine raised shares of Axon Enterprise from a “sell” rating to a “hold” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $29.20.
Shares of Axon Enterprise (NASDAQ:AAXN) traded up $0.66 during mid-day trading on Thursday, reaching $27.56. The company’s stock had a trading volume of 558,700 shares, compared to its average volume of 528,559. Axon Enterprise has a 1-year low of $20.57 and a 1-year high of $28.17. The stock has a market cap of $1,460.00, a price-to-earnings ratio of 110.24, a PEG ratio of 3.84 and a beta of 1.19.
Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). Axon Enterprise had a return on equity of 7.91% and a net margin of 4.32%. The business had revenue of $90.26 million during the quarter, compared to analysts’ expectations of $82.89 million. During the same quarter in the previous year, the company posted $0.07 EPS. The company’s quarterly revenue was up 25.6% on a year-over-year basis. equities research analysts expect that Axon Enterprise will post 0.14 EPS for the current year.
Several large investors have recently made changes to their positions in AAXN. Aperio Group LLC bought a new stake in Axon Enterprise in the second quarter worth about $364,000. Municipal Employees Retirement System of Michigan lifted its stake in Axon Enterprise by 4.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,460 shares of the industrial products company’s stock worth $313,000 after purchasing an additional 500 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in Axon Enterprise in the second quarter worth about $1,908,000. Schwab Charles Investment Management Inc. bought a new stake in Axon Enterprise in the second quarter worth about $5,623,000. Finally, Arizona State Retirement System bought a new stake in Axon Enterprise in the second quarter worth about $692,000. 95.73% of the stock is owned by hedge funds and other institutional investors.
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About Axon Enterprise
Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.
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