BMO Capital: “Outperform” Rating For Axis
BMO Capital Markets initiated coverage on shares of Bermuda’s Axis Capital in a research note issued today [Apr. 18], AnalystRatings.Net reports. The firm set an “outperform” rating on the stock.
A number of other analysts have also recently weighed in on AXS. Analysts at Goldman Sachs downgraded shares of Axis Capital from a “buy” rating to a “neutral” rating in a research note to investors on Monday, March 25. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Axis Capital in a research note to investors on Friday, March 1st. They now have a $49.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Axis Capital in a research note to investors on Wednesday, February 6. They now have a $38.00 price target on the stock, up previously from $36.00.
Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Axis Capital has an average rating of “Hold” and an average target price of $42.00.
The company has a market cap of $5.086 billion and a price-to-earnings ratio of 10.42.
Axis Capital last announced its earnings results on Monday, February 4. The company reported [$0.23] EPS for the quarter, beating the Thomson Reuters consensus estimate of [$1.09] by $0.86. The company had revenue of $975.50 million for the quarter, compared to the consensus estimate of $945.73 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 3.2 percent on a year-over-year basis. On average, analysts predict that Axis Capital will post $4.26 earnings per share for the current fiscal year.
Axis Capital Holdings Limited is a Bermuda-based holding company for the AXIS Group of Companies.
