The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) last traded at $32.63, up 1.62% from the previous session.
Data from the available sources indicates that Axalta Coating Systems Ltd. (NYSE:AXTA) is covered by 20 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $29.00, we find $36.00. Given the previous closing price of $32.11, this indicates a potential upside of 12.11 percent. AXTA stock price is now 3.46% away from the 50-day moving average and 14.74% away from the 200-day moving average. The market capitalization of the company currently stands at $7.11B.
In total, 5 analysts have assigned it a hold rating, and 12 have given it a buy rating. Brokers who have rated the stock have averaged $35.20 as their price target over the next twelve months.
With the price target of $37, Citigroup recently initiated with Buy rating for Axalta Coating Systems Ltd. (NYSE: AXTA).
In other news, COOK WILLIAM M, Director bought 2,500 shares of the company’s stock on Mar 14. The stock was bought for $73,875 at an average price of $29.55. Upon completion of the transaction, the Director now directly owns 4,500 shares in the company, valued at $0.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13, CEO & President Villavarayan Chris bought 34,440 shares of the business’s stock. A total of $1,005,648 was incurred on buying the stock at an average price of $29.20. This leaves the insider owning 34,440 shares of the company worth $1.12 million. Insiders disposed of 86,318 shares of company stock worth roughly $2.82 million over the past 1 year. A total of 0.73% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AXTA stock. A new stake in Axalta Coating Systems Ltd. shares was purchased by ADAGE CAPITAL PARTNERS GP, L.L.C. during the first quarter worth $48,945,000. SCOPUS ASSET MANAGEMENT, L.P. invested $14,684,000 in shares of AXTA during the first quarter. In the first quarter, WEISS ASSET MANAGEMENT LP acquired a new stake in Axalta Coating Systems Ltd. valued at approximately $11,094,000. RETIREMENT SYSTEMS OF ALABAMA acquired a new stake in AXTA for approximately $9,405,000. RENAISSANCE TECHNOLOGIES LLC purchased a new stake in AXTA valued at around $9,293,000 in the second quarter. In total, there are 424 active investors with 102.83% ownership of the company’s stock.
With an opening price of $32.16 on Friday morning, Axalta Coating Systems Ltd. (NYSE: AXTA) set off the trading day. During the past 12 months, Axalta Coating Systems Ltd. has had a low of $20.66 and a high of $33.68. As of last week, the company has a debt-to-equity ratio of 2.32, a current ratio of 2.10, and a quick ratio of 1.40. According to the stock market information, the enterprise value for the company is $10.36B, which is based on a 34.31 price-to-earnings ratio, a 2.62 price-to-earnings-growth ratio, and a beta of 1.45. The fifty day moving average price for AXTA is $31.58 and a two-hundred day moving average price translates $28.49 for the stock.
The latest earnings results from Axalta Coating Systems Ltd. (NYSE: AXTA) was released for Mar, 2023. According to the Specialty Chemicals Company, earnings per share came in at $0.35, beating analysts’ expectations of $0.31 by 0.04. This compares to $0.18 EPS in the same period last year. The net profit margin was 4.20% and return on equity was 15.00% for AXTA. The company reported revenue of $1.28 billion for the quarter, compared to $1.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.35 percent. For the current quarter, analysts expect AXTA to generate $1.34B in revenue.
Axalta Coating Systems Ltd.(AXTA) Company Profile
Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates through two segments, Performance Coatings and Mobility Coatings. The company offers water and solvent-borne products and systems to repair damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops. It also provides functional and decorative liquid, and powder coatings used in various industrial applications, including architectural cladding and fittings, automotive coatings, general industrial, job coaters, and energy solutions; and coatings for building materials, cabinet, wood and luxury vinyl flooring, and furniture market under the Voltatex, AquaEC, Durapon, Hydropon, UNRIVALED, Tufcote, and Ceranamel for liquid coatings; and Alesta, Nap-Gard, Abcite, Teodur, and Plascoat brands for powder coatings. In addition, the company develops and supplies electrocoat, primer, the basecoat, and clearcoat products for OEMs of light and commercial vehicles; and coatings systems for various commercial applications, including HDT, MDT, bus, and rail under the Imron, Imron Elite, Centari, Rival, Corlar epoxy undercoats, and AquaEC brands. It also sells its product under the Audurra, Challenger, Chemophan, ColorNet, Cromax, Cromax Mosaic, Durapon 70, Duxone, Harmonized Coating Technologies, Imron ExcelPro, Lutophen, Nason, Spies Hecker, Standox, Stollaquid, Syntopal, Syrox, Raptor, U-POL, and Vermeera brand names. The company was formerly known as Axalta Coating Systems Bermuda Co., Ltd. and changed its name to Axalta Coating Systems Ltd. in August 2014. The company was founded in 1866 and is headquartered in Philadelphia, Pennsylvania.
