Alert: Positive Investment/Fundamental Signals (12/8/23)-AXIS Capital Holdings Ltd (NYSE: AXS)


AXIS Capital Holdings Ltd (NYSE: AXS) has benefited from notable positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend.

Recent significant positive changes in fundamentals have benefitted AXIS Capital Holdings Ltd (NYSE: AXS): the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, AXS is expected to be an important Value Builder.

AXIS Capital Holdings has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. AXIS Capital Holdings has a neutral Appreciation Score of 53 but a good Power Rating of 83, with the Positive Value Trend Rating the result.

Recent Price Action

AXIS Capital Holdings Ltd (NYSE: AXS) stock closed at $55.43 on 12/8/23 after a slight gain of 0.1%. However, trading volume in this advance was below average at 76% of normal. The stock has been strong relative to the market over the last nine months but has declined -1.6% during the last week.

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