Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for AXIS Capital Holdings Ltd (NYSE: AXS) improved during the last several trading days. AXS’ current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
AXIS Capital Holdings Ltd (NYSE: AXS) stock closed at $65.39 on 4/8/24 after a slight decline of -0.2%. However, unusually low trading volume at 61% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months and has risen 0.6% during the last week.
Current PriceTarget Research Rating
AXS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
AXIS Capital Holdings has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. AXIS Capital Holdings has a neutral Appreciation Score of 54 but a good Power Rating of 82, and the Positive Value Trend Rating results.
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