Axis Capital Holdings Limited (AXS) Receives Price Target

Axis Capital Holdings Limited (AXS) : Currently there are 4 street experts covering Axis Capital Holdings Limited (AXS) stock. The most bullish and bearish price target for the stock is $65 and $54 respectively for the short term. The average price target of all the analysts comes to $59.5. The estimated standard deviation from the target is $4.51.

Axis Capital Holdings Limited (AXS) : 8 analysts are covering Axis Capital Holdings Limited (AXS) and their average rating on the stock is 2.75, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Equity Analysts at the Brokerage Firm, Morgan Stanley, maintains their rating on the shares of Axis Capital Holdings Limited (NYSE:AXS). Morgan Stanley has a Equal-weight rating on the shares. As per the latest research report, the brokerage house raises the price target to $60 per share from a prior target of $59. The rating by the firm was issued on July 28, 2016.

Axis Capital Holdings Limited (NYSE:AXS): The stock opened at $56.63 on Thursday but the bulls could not build on the opening and the stock topped out at $56.96 for the day. The stock traded down to $56.42 during the day, due to lack of any buying support eventually closed down at $56.62 with a loss of -0.44% for the day. The stock had closed at $56.87 on the previous day. The total traded volume was 422,733 shares.

AXIS Capital Holdings Limited is a Bermuda-based holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through operating subsidiaries and branch networks -based in Bermuda, the United States, Canada, Europe, Australia and Singapore. The Company operates in to segments: AXIS Insurance and AXIS Re. The Company also has marketing offices in Brazil, France and Spain. The lines of business in insurance segment include property, marine, terrorism, aviation, credit and political risk, professional lines, liability and accident and health. The reinsurance segment provides non-life reinsurance to insurance companies. The lines of business in insurance segment include catastrophe; property; professional lines; credit and surety; motor; liability; engineering; agriculture, among others.

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