Deutsche Bank Upgrades AXIS Capital (AXS) to Buy; Valuation Call
Tweet Send to a FriendGet Alerts AXS Hot Sheet
Price: $44.00 +0.59%
Rating Summary:
8 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
8 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade AXS Now!
Deutsche Bank upgraded AXIS Capital (NYSE: AXS) from Hold to Buy, price target, raised from $33 to $38.
Deutsche analyst says, "AXIS has been lagging its international reinsurer peer group despite having a sustained track record of outperformance based on ROE generation. While we believe there may be some seasonal risk associated with recommending its shares early in the year, valuation appears attractive."
"Even with the lack of clear catalyst for the stock, the low relative-to-peer valuation coupled with the company’s historically high ROE generation makes this name attractive in the current market environment."
For an analyst ratings summary and ratings history on AXIS Capital click here. For more ratings news on AXIS Capital click here.
Shares of AXIS Capital closed at $31.60 yesterday, with a 52 week range of $24.80-$36.63.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Deutsche analyst says, "AXIS has been lagging its international reinsurer peer group despite having a sustained track record of outperformance based on ROE generation. While we believe there may be some seasonal risk associated with recommending its shares early in the year, valuation appears attractive."
"Even with the lack of clear catalyst for the stock, the low relative-to-peer valuation coupled with the company’s historically high ROE generation makes this name attractive in the current market environment."
For an analyst ratings summary and ratings history on AXIS Capital click here. For more ratings news on AXIS Capital click here.
Shares of AXIS Capital closed at $31.60 yesterday, with a 52 week range of $24.80-$36.63.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: A.G. Lafley Gives Procter & Gamble (PG) Investors 'New Hope', UBS Upgrades to Buy
- RBC Capital Upgrades Pandora (P) to Outperform
- Imperial Capital Boosts Price Target on Dick's (DKS); 'Best-of-Breed'
Create E-mail Alert Related Categories
Analyst PT Change, UpgradesRelated Entities
Deutsche Bank
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
