Axis Capital Holdings Limited Given Average Recommendation of “Hold” by Brokerages (NYSE:AXS)
Shares of Axis Capital Holdings Limited (NYSE:AXS) have received a consensus recommendation of “Hold” from the eight analysts that are currently covering the company, Stock Ratings Network reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $47.00.
Shares of Axis Capital Holdings Limited (NYSE:AXS) traded up 0.06% on Thursday, hitting $46.95. The stock had a trading volume of 48,781 shares. Axis Capital Holdings Limited has a 52-week low of $41.82 and a 52-week high of $49.75. The stock has a 50-day moving average of $44.93 and a 200-day moving average of $45.12. The company has a market cap of $4.945 billion and a P/E ratio of 8.15.
Axis Capital Holdings Limited (NYSE:AXS) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.43. During the same quarter in the previous year, the company posted $0.43 earnings per share. On average, analysts predict that Axis Capital Holdings Limited will post $4.81 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Axis Capital Holdings Limited in a research note on Thursday, July 31st. They now have a $46.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of Axis Capital Holdings Limited in a research note on Thursday, July 31st. They now have a $41.00 price target on the stock, up previously from $40.00. Finally, 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, July 31st. 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.
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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