It’s Time to Stop Overlooking AXA Equitable Holdings, Inc. (EQH)

Analysts at Evercore ISI, assumed coverage of AXA Equitable Holdings, Inc. (NYSE:EQH) with Outperform recommendation, according to their opinion released on June 29.

By watching the trading activity of corporate insiders, it will become easier to get a sense of AXA Equitable Holdings, Inc. (NYSE:EQH)’s prospects. The earliest insider trade took place on 11/20/2018. Axa parted with a total of 60 million shares of company at average share price of $19.74. The total for the sales was set at $1184.4 million. After this transaction, the 10% Owner account balance stood at 313 million shares. The stock lost -5.67 percent since that insider sale. On 05/14/2018, Axa, 10% Owner, sold 158 million shares at a price per share of $20. This removed 3160 million shares from the insider’s fortune and the stock saw a -6.9 percent retreat in value since the news became public. This transaction left 403 million shares in the 10% Owner account. On 05/10/2018, Bernstein Seth P performed a purchase transaction worth $80 thousand. This purchase at $20 each has added 4 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -6.9 percent decrease since the transaction was reported. The insider now is left with 22.5 thousand shares remaining in the account. Oliveira Ramon De, who performs the Director job, bought 4 thousand shares for $80 thousand. The acquisition occurred on 05/10/2018 was priced at $20 per share. The share price plunged -6.9 percent since the reporting date. Oliveira Ramon De now left with a stake of 4 thousand EQH stock worth $71.28 thousand after the insider buying.

AXA Equitable Holdings, Inc. (EQH) is expected to jump by 47.59 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $34-month high price target. This represents a whopping 90.8 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $25.5, which represents a return potential of 43.1 percent when compared to the closing price of the stock of $17.82 on Thursday, December 06. The lowest price target for the stock is $23 — slightly more than 29.07 percent from EQH’s current share price.

The shares are currently floating around the first support level of $17.39. Below this, the next support is placed in the zone of $16.96. Till the time, the EQH stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 24.73 on daily chart, which may remain a cause for comfort. If the price breaks below $16.96 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $18.27 mark may result into a pull-back move towards $18.72 level.

EQH shares dropped -0.8 points or -4.3 percent on Thursday to $17.82 with a heavy trade volume of 4.838 million shares. After opening the session at $18.26, the shares went as high as $18.29 and as low as $17.41, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $9.96 billion and now has 559.05 million shares outstanding. AXA Equitable Holdings, Inc. (EQH) stock has lost -14.29 percent of market value in 21 trading days.

EQH stock has a trailing 3-year beta of 0, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.65 a share in the trailing twelve months. The stock’s value has fallen -12.39 percent year to date (YTD) against a decline of 0 percent in 12 month’s time. The company’s shares still trade -23.22 percent away from its 1-year high of $23.21 and -3.88 percent down from 52-week low of $18.54. The average consensus rating on the company is 2.2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Shares of AXA Equitable Holdings, Inc. (EQH) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry EQH operates in has an average P/E of 474.83. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 1.02 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1055.68. 0 percent is the gross profit margin for AXA Equitable Holdings, Inc. and operating margin sits at 0 percent. Along with this, the net profit margin is 0 percent.