Deutsche Bank Reiterates “Sell” Rating for Axis Capital Holdings Limited (AXS)
Axis Capital Holdings Limited (NYSE:AXS)‘s stock had its “sell” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Thursday. They currently have a $41.00 price target on the stock, up from their previous price target of $40.00. Deutsche Bank’s price objective indicates a potential downside of 4.98% from the stock’s previous close.
A number of other firms have also recently commented on AXS. Analysts at BMO Capital Markets upgraded shares of Axis Capital Holdings Limited from an “underperform” rating to a “market perform” rating in a research note on Thursday. They now have a $46.00 price target on the stock, up previously from $44.00. They noted that the move was a valuation call. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Axis Capital Holdings Limited in a research note on Friday, June 13th. They now have a $48.00 price target on the stock. Finally, analysts at Goldman Sachs downgraded shares of Axis Capital Holdings Limited from a “neutral” rating to a “sell” rating in a research note on Thursday, June 12th. They now have a $43.00 price target on the stock, down previously from $44.00. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Axis Capital Holdings Limited has a consensus rating of “Hold” and a consensus price target of $46.89.
Shares of Axis Capital Holdings Limited (NYSE:AXS) traded down 0.92% on Thursday, hitting $43.15. The stock had a trading volume of 1,103,514 shares. Axis Capital Holdings Limited has a 52-week low of $41.82 and a 52-week high of $49.75. The stock’s 50-day moving average is $44.71 and its 200-day moving average is $45.09. The company has a market cap of $4.536 billion and a price-to-earnings ratio of 7.57.
Axis Capital Holdings Limited (NYSE:AXS) last announced its earnings results on Tuesday, July 29th. The company reported $1.63 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.20 by $0.43. During the same quarter in the prior year, the company posted $0.43 earnings per share. On average, analysts predict that Axis Capital Holdings Limited will post $4.62 earnings per share for the current fiscal year.
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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