Bank of America Securities Keeps Their Hold Rating on Axis Capital (AXS)
Bank of America Securities analyst Joshua Shanker maintained a Hold rating on Axis Capital today and set a price target of $109.00.
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According to TipRanks, Shanker is a 5-star analyst with an average return of 8.0% and a 60.48% success rate. Shanker covers the Financial sector, focusing on stocks such as Progressive, American International Group, and Brown & Brown.
In addition to Bank of America Securities, Axis Capital also received a Hold from Goldman Sachs’s Robert Cox CFA in a report issued on January 7. However, on January 13, Wells Fargo maintained a Buy rating on Axis Capital (NYSE: AXS).
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:
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- Axis Capital price target raised to $124 from $118 at Wells Fargo
- Axis Capital price target raised to $110 from $103 at Goldman Sachs
- Axis Capital price target raised to $130 from $121 at Keefe Bruyette
- Axis Capital: Solid Execution But Emerging Headwinds Limit Upside, Justifying a Neutral (Hold) Stance
- Axis Capital downgraded to Neutral from Buy at BofA
