Wells Fargo Stick to Their Sell Rating for Axis Capital Holdings By Investing.com

Wells Fargo (NYSE:) analyst Elyse Greenspan maintained a Sell rating on Axis Capital (NYSE:) Holdings on Wednesday, setting a price target of $41, which is approximately 9.73% below the present share price of $45.42.

Greenspan expects Axis Capital Holdings to post earnings per share (EPS) of $1.33 for the fourth quarter of 2020.

The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in Axis Capital, with an average price target of $50.5.
The analysts price targets range from a high of $60 to a low of $41.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.18 billion and a net profit of $0. The company’s market cap is $4.07 billion.

According to TipRanks.com, Wells Fargo analyst Elyse Greenspan is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.4% and a 58.53% success rate.

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 property, marine, terrorism, aviation, political risk, professional lines, liability, and accident, and health insurance products. The Reinsurance segment provides non-life treaty reinsurance to insurance companies. The company was founded on December 9, 2002 and is headquartered in Pembroke, Bermuda.

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