Published: Sun, August 13, 2017
Markets | By Noel Gibbs

Axalta Coating Systems (NASDAQ:AXTA) Getting Somewhat Favorable News Coverage, Report Shows

Axalta Coating Systems (NASDAQ:AXTA) Getting Somewhat Favorable News Coverage, Report Shows

At the time of writing, the First Call consensus price target for the company is $34.11. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.12 billion.

AXTA has been the subject of a number of recent research reports. The firm has "Buy" rating by Gabelli given on Thursday, September 1. The 12-month price target is $33.08 with three brokerages rating the company a strong buy, six analysts rating the company a buy, 5 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and lastly zero equity analysts rating the company a sell. The original version of this report can be viewed at https://www.thestockobserver.com/2017/08/11/bank-of-america-corp-de-raises-stake-in-axalta-coating-systems-ltd-axta-updated-updated-updated.html. Finally, UBS AG reiterated a buy rating and set a $39.00 price target (up previously from $37.00) on shares of Axalta Coating Systems in a research report on Tuesday, June 6th. The stock presently has an average rating of "Hold" and an average price target of $33.63. Axalta Coating Systems has $37 highest and $3.0 lowest target. The company has market cap of $6.85 billion. The 50 day moving average went down $-2.97 or -9.37% whereas the 200 day average was down by -8.06%. In the latest earnings report the EPS was $0.01 and is expected to be $1.31 for the current year with 243,164,000 shares now outstanding. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.12 billion. Next quarter's EPS is forecasted at $0.39 with next year's EPS projected to be $1.57.

Axalta Coating Systems Ltd. (NYSE:AXTA), stock is trading $34.10 above the 52-week high and has displayed a high EPS growth of -26.20% in last 5 years.

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7/6/2017 - Axalta Coating Systems had its "buy" rating reaffirmed by analysts at Jefferies Group LLC. Smolik, Director acquired $112,640 worth of shares at an average price of $28.16 on Monday the 7th. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Accern also gave news headlines about the specialty chemicals company an impact score of 45.95631137514 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future. According to Thomson Reuters, sell-side analysts are predicting a consensus target price of $101.87 on company stock. The disclosure for this purchase can be found here.

In related news, EVP Steven R. Markevich sold 30,874 shares of the company's stock in a transaction on Monday, May 15th.

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Several large investors have recently made changes to their positions in AXTA. For the quarter, shares have been noted at -2.90%. ProShare Advisors LLC now owns 16,703 shares of the specialty chemicals company's stock worth $538,000 after buying an additional 157 shares during the last quarter. The Weekly and Monthly Volatility stands at 3.94% and 1.92%. Financial Counselors Inc. now owns 7,145 shares of the specialty chemicals company's stock valued at $229,000 after buying an additional 225 shares during the last quarter. For the quarter, shares have been noted at -10.31%. Following the completion of the sale, the vice president now directly owns 4,088 shares of the company's stock, valued at approximately $128,158.80.

Shares of Axalta Coating Systems (AXTA) traded down 0.95% during mid-day trading on Thursday, hitting $28.04. Wells Fargo & Company MN now owns 1,535,409 shares of the specialty chemicals company's stock valued at $49,196,000 after buying an additional 61,622 shares during the last quarter.

Axalta Coating Systems Ltd. (Axalta), launched on August 24, 2012, is a holding company. The Firm is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry.

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