AXA SA
CS: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€82.00 | Zmxbj | Cqbt |
AXA Raises Dividend and Launches Another Buyback, Strategy Stays
We think the market has been hesitant on the ability of AXA to meet expectations because Feb. 23's EUR 3.08 in underlying earnings per share, while in line with FactSet consensus estimates, has resulted in a 4% pop in AXA shares. We maintain our EUR 29.8 fair value estimate and our no-moat rating.