Axalta Coating Systems Ltd (NYSE:AXTA) shares traded 3.14% higher at $27.29 on Wall Street last session.
In accordance with the data, 18 analysts cover Axalta Coating Systems Ltd (NYSE:AXTA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $38.00 and a low of $29.00, we find $35.00. Given the previous closing price of $26.46, this indicates a potential upside of 32.28 percent. AXTA stock price is now -4.82% away from the 50-day moving average and -7.25% away from the 200-day moving average. The market capitalization of the company currently stands at $6.05B.
It has been rated a hold by 5 analysts and a buy by 11. Brokers who have rated the stock have averaged $34.35 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, Kissire Deborah J., Director bought 400 shares of the company’s stock on Sep 13. The stock was bought for $10,632 at an average price of $26.58. Upon completion of the transaction, the Director now directly owns 41,973 shares in the company, valued at $1.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12, Director COOK WILLIAM M bought 1,500 shares of the business’s stock. A total of $40,215 was incurred on buying the stock at an average price of $26.81. This leaves the insider owning 6,000 shares of the company worth $0.16 million. Insiders disposed of 154,337 shares of company stock worth roughly $4.21 million over the past 1 year. A total of 0.35% 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 CITADEL ADVISORS LLC during the first quarter worth $67,279,000. ANOMALY CAPITAL MANAGEMENT, LP invested $48,749,000 in shares of AXTA during the first quarter. In the first quarter, NATIXIS acquired a new stake in Axalta Coating Systems Ltd valued at approximately $14,437,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in AXTA for approximately $12,359,000. POINT72 ASSET MANAGEMENT, L.P. purchased a new stake in AXTA valued at around $12,275,000 in the second quarter. In total, there are 430 active investors with 102.35% ownership of the company’s stock.
Axalta Coating Systems Ltd (NYSE: AXTA) opened at $26.52 on Thursday. 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 2.17, a current ratio of 2.02, and a quick ratio of 1.45. According to the stock market information, the enterprise value for the company is $9.10B, which is based on a 26.62 price-to-earnings ratio, a 1.95 price-to-earnings-growth ratio, and a beta of 1.46. The fifty day moving average price for AXTA is $28.67 and a two-hundred day moving average price translates $29.42 for the stock.
The latest earnings results from Axalta Coating Systems Ltd (NYSE: AXTA) was released for Jun, 2023. According to the Specialty Chemicals Company, earnings per share came in at $0.35, missing analysts’ expectations of $0.38 by -0.03. This compares to $0.20 EPS in the same period last year. The net profit margin was 4.50% and return on equity was 15.31% for AXTA. The company reported revenue of $1.29 billion for the quarter, compared to $1.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.78 percent. For the current quarter, analysts expect AXTA to generate $1.3B in revenue.
