2024-05-15 20:55:48 ET
Summary
- AXA SA's share price has outperformed the index, leading to a question of whether the rating change to "HOLD" was premature.
- Indicators suggest that AXA is becoming overvalued, with the share price trading well above €30/share.
- Despite strong performance and achievements, the main risk for AXA is now valuation, and the upside is limited.
Dear readers/followers,
I recently downgraded (though, in December 2023) AXA SA ( AXAHY ) (AXAHF) as an investment from a long-time "BUY" rating to a "HOLD" rating. You can find my last article on the company here, and since that time the company has actually outperformed the index somewhat.
This is also the reason why I am asking if perhaps I went in with my rating change too early. It's one of the things I sometimes am prone to do. Because I am so valuation-focused, it's not unheard of that my rating changes come at times when the company in question still has "room to run"....
Read the full article on Seeking Alpha
For further details see:
AXA: Looking If My Downgrade Was Premature