J P Morgan Chase & Co Raises Axon Enterprise (AAXN) Price Target to $32.00

Axon Enterprise (NASDAQ:AAXN) had its target price upped by J P Morgan Chase & Co from $28.00 to $32.00 in a research report report published on Thursday morning, MarketBeat reports. They currently have an overweight rating on the industrial products company’s stock.

AAXN has been the topic of a number of other research reports. BidaskClub cut Axon Enterprise from a buy rating to a hold rating in a research note on Tuesday, December 5th. Dougherty & Co dropped their price objective on Axon Enterprise from $36.00 to $33.00 and set a buy rating on the stock in a research note on Wednesday, November 8th. Zacks Investment Research cut Axon Enterprise from a hold rating to a sell rating in a research note on Wednesday, November 15th. ValuEngine upgraded Axon Enterprise from a sell rating to a hold rating in a research note on Friday, September 1st. Finally, Oppenheimer reiterated a hold rating on shares of Axon Enterprise in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $29.20.

Axon Enterprise (NASDAQ AAXN) traded up $0.06 during midday trading on Thursday, reaching $26.44. The company’s stock had a trading volume of 271,506 shares, compared to its average volume of 602,767. The company has a market cap of $1,395.84, a PE ratio of 101.70, a price-to-earnings-growth ratio of 7.28 and a beta of 1.19. Axon Enterprise has a 12-month low of $20.57 and a 12-month high of $28.17.

Axon Enterprise (NASDAQ:AAXN) last released its earnings results on Tuesday, November 7th. The industrial products company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The firm had revenue of $90.26 million during the quarter, compared to the consensus estimate of $82.89 million. Axon Enterprise had a net margin of 4.32% and a return on equity of 7.91%. The company’s revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS. sell-side analysts expect that Axon Enterprise will post 0.14 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Verition Fund Management LLC acquired a new position in Axon Enterprise in the 2nd quarter valued at $369,000. Teachers Retirement System of The State of Kentucky acquired a new position in Axon Enterprise in the 2nd quarter valued at $425,000. BlackRock Inc. acquired a new position in Axon Enterprise in the 2nd quarter valued at $189,870,000. JPMorgan Chase & Co. acquired a new position in Axon Enterprise in the 2nd quarter valued at $4,363,000. Finally, State of Tennessee Treasury Department acquired a new position in Axon Enterprise in the 2nd quarter valued at $1,229,000. Institutional investors and hedge funds own 95.73% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “J P Morgan Chase & Co Raises Axon Enterprise (AAXN) Price Target to $32.00” was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.com-unik.info/2017/12/24/j-p-morgan-chase-co-raises-axon-enterprise-aaxn-price-target-to-32-00-2.html.

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.

Analyst Recommendations for Axon Enterprise (NASDAQ:AAXN)

Receive News & Ratings for Axon Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axon Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit