KBW Remains a Buy on Axis Capital (AXS)
In a report released today, Meyer Shields from KBW maintained a Buy rating on Axis Capital, with a price target of $130.00.
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According to TipRanks, Shields is a 5-star analyst with an average return of 12.7% and a 70.33% success rate. Shields covers the Financial sector, focusing on stocks such as Allstate, Chubb, and Arthur J Gallagher & Co.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Axis Capital with a $117.77 average price target.
Based on Axis Capital’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.69 billion and a net profit of $301.86 million. In comparison, last year the company earned a revenue of $1.52 billion and had a net profit of $180.73 million
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AXS in relation to earlier this year.
Read More on AXS:
Disclaimer & DisclosureReport an Issue
- Axis Capital: Solid Execution But Emerging Headwinds Limit Upside, Justifying a Neutral (Hold) Stance
- Axis Capital downgraded to Neutral from Buy at BofA
- Axis Capital price target raised to $125 from $113 at BofA
- Axis Capital initiated with an Outperform at Mizuho
- 3 ‘Strong Buy’ Stocks Backed by Technical Analysis
