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AXIS Capital Holdings (NYSE:AXS)‘s stock had its “neutral” rating restated by Zacks in a report released on Thursday, Analyst Ratings Net reports. They currently have a $45.00 price objective on the stock. Zacks‘ price objective would indicate a potential upside of 5.87% from the company’s current price.

Zacks‘ analyst wrote, “AXIS Capital’s strong operational strategies are fueling its top line and bottom line growth consistently. Moreover, the company is also engaged in enhancing its shareholders’ value through sharer repurchase and dividend payments. In the fourth quarter of 2013, both the bottom line as well as the top line of the company surpassed the year over year numbers. Also, the expense level of the company improved during the quarter. Both the Insurance and Reinsurance segments posted a solid premium increase. We expect new business and product generation, and platform expansion to aid the company’s performance going forward. The approval of Lloyds franchise for the new AXIS syndicate 1686 marked another step for expanding milestone in the expansion of its global underwriting platform. A solid capital position, strong scores with the credit rating agencies are among other positives. “

AXIS Capital Holdings (NYSE:AXS) traded up 1.06% on Thursday, hitting $42.84. The stock had a trading volume of 1,537,223 shares. AXIS Capital Holdings has a 52 week low of $39.40 and a 52 week high of $49.75. The stock’s 50-day moving average is $45.90 and its 200-day moving average is $45.52. The company has a market cap of $4.897 billion and a P/E ratio of 10.05.

AXIS Capital Holdings (NYSE:AXS) last announced its earnings results on Tuesday, February 4th. The company reported $1.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.30 by $0.11. The company had revenue of $1.08 million for the quarter, compared to the consensus estimate of $1.05 million. During the same quarter last year, the company posted ($0.23) earnings per share. On average, analysts predict that AXIS Capital Holdings will post $4.69 earnings per share for the current fiscal year.

Separately, analysts at Deutsche Bank downgraded shares of AXIS Capital Holdings from a “hold” rating to a “sell” rating in a research note to investors on Monday, December 2nd. They now have a $40.00 price target on the stock, down previously from $45.00. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $47.86.

AXIS Capital Holdings Limited is a holding company for the AXIS group of companies. The Company provides a range of specialty (NYSE:AXS)insurance on a worldwide basis, through operating subsidiaries and branch networks based in Bermuda, the United States, Canada, Europe, Australia and Singapore.

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