Axon Enterprise (NASDAQ:AAXN) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Axon Enterprise, Inc. engages in the development, manufacture and sale of conducted electrical weapons for the law enforcement, federal, military, corrections, private security and personal defense markets. Its operating segment consists of TASER Weapons and Axon segments. TASER Weapons segment involves in the sale of conducted electrical weapons, accessories and other products and services. Axon segment focuses on devices, wearables, applications, cloud and mobile products. Axon Enterprise Inc., formerly known as TASER International Inc., is headquartered in Scottsdale, AZ. “
Several other equities analysts have also weighed in on the company. BidaskClub lowered Axon Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 11th. JPMorgan Chase & Co. increased their target price on Axon Enterprise from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, December 21st. Oppenheimer restated a “hold” rating on shares of Axon Enterprise in a report on Friday, November 17th. Finally, Dougherty & Co lowered their price target on Axon Enterprise from $36.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Axon Enterprise has an average rating of “Hold” and a consensus price target of $29.20.
Axon Enterprise (NASDAQ:AAXN) last released its earnings results on Tuesday, November 7th. The industrial products company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). Axon Enterprise had a net margin of 4.32% and a return on equity of 7.91%. The company had revenue of $90.26 million during the quarter, compared to analyst estimates of $82.89 million. During the same period in the previous year, the company posted $0.07 EPS. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. sell-side analysts expect that Axon Enterprise will post 0.14 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of AAXN. Schwab Charles Investment Management Inc. bought a new position in shares of Axon Enterprise during the second quarter worth about $5,623,000. First Trust Advisors LP bought a new position in shares of Axon Enterprise during the second quarter worth about $504,000. SG Americas Securities LLC bought a new position in shares of Axon Enterprise during the second quarter worth about $118,000. Bank of New York Mellon Corp bought a new position in shares of Axon Enterprise during the second quarter worth about $14,463,000. Finally, Legal & General Group Plc bought a new position in shares of Axon Enterprise during the second quarter worth about $2,502,000. Institutional investors and hedge funds own 95.73% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Zacks Investment Research Upgrades Axon Enterprise (AAXN) to “Hold”” was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://www.chaffeybreeze.com/2018/01/17/zacks-investment-research-upgrades-axon-enterprise-aaxn-to-hold.html.
Axon Enterprise Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.