Press coverage about Axis Capital (NYSE:AXS) has been trending somewhat positive on Thursday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Axis Capital earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave press coverage about the insurance provider an impact score of 47.1811868640624 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Mercury General (MCY) vs. Axis Capital (AXS) Critical Contrast (americanbankingnews.com)
- Noteworthy Tuesday Option Activity: IBM, AXS, BAC (nasdaq.com)
- Axis Capital Sees Unusually Large Options Volume (AXS) (americanbankingnews.com)
- Axis Capital Holdings Limited (AXS) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
Shares of AXS opened at $57.13 on Thursday. The company has a market capitalization of $4.81 billion, a PE ratio of -18.14, a price-to-earnings-growth ratio of 1.42 and a beta of 0.42. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.55 and a current ratio of 0.55. Axis Capital has a one year low of $47.43 and a one year high of $60.69.
Axis Capital (NYSE:AXS) last announced its earnings results on Wednesday, July 25th. The insurance provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.19 by $0.08. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.23 billion. Axis Capital had a negative return on equity of 3.63% and a negative net margin of 6.16%. Axis Capital’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 EPS. sell-side analysts expect that Axis Capital will post 4.77 EPS for the current fiscal year.
AXS has been the topic of a number of recent research reports. TheStreet downgraded Axis Capital from a “b-” rating to a “c” rating in a report on Thursday, June 21st. Zacks Investment Research downgraded Axis Capital from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Wells Fargo & Co reaffirmed a “hold” rating and set a $56.00 price objective on shares of Axis Capital in a report on Thursday, May 24th. Goldman Sachs Group initiated coverage on Axis Capital in a report on Monday, June 18th. They set a “neutral” rating and a $60.00 price objective on the stock. Finally, Citigroup lifted their price objective on Axis Capital from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, August 2nd. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $61.20.
About Axis Capital
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance.
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