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Wells Fargo Sticks to Its Hold Rating for Axis Capital (AXS)


Wells Fargo analyst Elyse Greenspan maintained a Hold rating on Axis Capital (AXS) yesterday and set a price target of $60. The company’s shares closed yesterday at $56.92.

According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 3.5% and a 56.3% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Renaissancere Holdings Ltd.

Currently, the analyst consensus on Axis Capital is a Hold with an average price target of $60.33, which is a 6.0% upside from current levels. In a report released yesterday, Citigroup also maintained a Hold rating on the stock with a $60 price target.

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Axis Capital’s market cap is currently $4.8B and has a P/E ratio of 29.65. The company has a Price to Book ratio of 1.06.

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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 specialty insurance products to a variety of niche markets.