Axis Capital Holdings Limited Given “Sell” Rating at Deutsche Bank (AXS)
Axis Capital Holdings Limited (NYSE:AXS)‘s stock had its “sell” rating restated by Deutsche Bank in a research note issued on Tuesday, ARN reports. They currently have a $40.00 price target on the stock, down from their previous price target of $41.00. Deutsche Bank’s price objective would suggest a potential downside of 11.91% from the company’s current price.
Axis Capital Holdings Limited (NYSE:AXS) traded down 0.20% on Tuesday, hitting $45.32. The stock had a trading volume of 432,515 shares. Axis Capital Holdings Limited has a 1-year low of $41.82 and a 1-year high of $49.75. The stock has a 50-day moving average of $45.8 and a 200-day moving average of $46.11. The company has a market cap of $4.884 billion and a P/E ratio of 9.93.
Axis Capital Holdings Limited (NYSE:AXS) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.34 by $0.10. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the company posted $1.92 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts predict that Axis Capital Holdings Limited will post $4.40 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, June 26th.
AXS has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets downgraded shares of Axis Capital Holdings Limited from a “market perform” rating to an “underperform” rating in a research note on Friday, May 2nd. They now have a $44.00 price target on the stock, down previously from $47.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Axis Capital Holdings Limited in a research note on Wednesday, April 30th. They now have a $49.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “sell” rating on shares of Axis Capital Holdings Limited in a research note on Tuesday, April 15th. They now have a $41.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.71.
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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