S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01

Morgan Stanley Boosts AXIS Capital (NYSE:AXS) Price Target to $60.00

Friday, January 14, 2022 | MarketBeat

AXIS Capital (NYSE:AXS) had its price target hoisted by research analysts at Morgan Stanley from $57.00 to $60.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an "equal weight" rating on the insurance provider's stock. Morgan Stanley's price objective suggests a potential upside of 6.06% from the company's current price.

A number of other equities research analysts have also issued reports on AXS. Jefferies Financial Group assumed coverage on AXIS Capital in a research report on Thursday, November 18th. They issued a "buy" rating and a $65.00 target price on the stock. Zacks Investment Research lowered AXIS Capital from a "buy" rating to a "hold" rating and set a $49.00 target price on the stock. in a research report on Friday, September 17th. Finally, Wells Fargo & Company raised AXIS Capital from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $54.00 to $57.00 in a research report on Tuesday, January 4th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $57.40.

NYSE:AXS opened at $56.57 on Friday. AXIS Capital has a fifty-two week low of $44.26 and a fifty-two week high of $58.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $4.80 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 2.02 and a beta of 0.98. The business's 50-day simple moving average is $52.82 and its 200-day simple moving average is $50.93.

AXIS Capital (NYSE:AXS) last released its quarterly earnings data on Tuesday, October 26th. The insurance provider reported $0.01 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.57) by $0.58. AXIS Capital had a return on equity of 5.65% and a net margin of 8.00%. The business had revenue of $996.47 million for the quarter, compared to analysts' expectations of $909.45 million. During the same quarter in the previous year, the business posted ($0.77) EPS. AXIS Capital's revenue for the quarter was up 22.1% on a year-over-year basis. On average, research analysts expect that AXIS Capital will post 4.31 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Parkside Financial Bank & Trust boosted its stake in shares of AXIS Capital by 29.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,683 shares of the insurance provider's stock worth $77,000 after acquiring an additional 379 shares during the period. Marshall Wace LLP boosted its stake in shares of AXIS Capital by 1,488.4% during the 1st quarter. Marshall Wace LLP now owns 3,145 shares of the insurance provider's stock worth $172,000 after acquiring an additional 2,947 shares during the period. Hoylecohen LLC bought a new position in shares of AXIS Capital during the 3rd quarter worth approximately $215,000. Diversified Trust Co bought a new position in shares of AXIS Capital during the 4th quarter worth approximately $237,000. Finally, Verition Fund Management LLC bought a new position in shares of AXIS Capital during the 3rd quarter worth approximately $271,000. Institutional investors own 90.93% of the company's stock.

AXIS Capital Company Profile

AXIS Capital Holdings Ltd. engages in the provision of various insurance and reinsurance products and services. It operates through the Insurance and Reinsurance segments. The Insurance segment offers property, marine, terrorism, aviation, political risk, professional lines, liability, and accident, and health insurance products.

Featured Article: Most Volatile Stocks – What Investors Need to Know to Maximize ROI

Analyst Recommendations for AXIS Capital (NYSE:AXS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in AXIS Capital right now?

Before you consider AXIS Capital, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AXIS Capital wasn't on the list.

While AXIS Capital currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.