Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report) – Stock analysts at Seaport Res Ptn lowered their FY2025 EPS estimates for shares of Axalta Coating Systems in a report issued on Wednesday, February 7th. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will post earnings per share of $2.22 for the year, down from their prior estimate of $2.24. The consensus estimate for Axalta Coating Systems’ current full-year earnings is $1.58 per share.
A number of other research firms have also recently issued reports on AXTA. UBS Group cut shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and raised their target price for the stock from $35.00 to $36.00 in a research note on Monday, January 8th. StockNews.com upgraded shares of Axalta Coating Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Royal Bank of Canada raised their target price on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Finally, Wells Fargo & Company raised their target price on shares of Axalta Coating Systems from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.09.
Axalta Coating Systems Stock Performance
NYSE AXTA opened at $31.05 on Thursday. The firm has a 50-day moving average of $33.01 and a 200-day moving average of $29.99. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.50 and a current ratio of 2.05. The stock has a market cap of $6.88 billion, a PE ratio of 29.02, a P/E/G ratio of 1.55 and a beta of 1.52. Axalta Coating Systems has a 52-week low of $25.03 and a 52-week high of $34.45.
Insider Transactions at Axalta Coating Systems
In related news, VP Anthony Massey sold 17,915 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $30.88, for a total transaction of $553,215.20. Following the transaction, the vice president now owns 19,420 shares in the company, valued at $599,689.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Axalta Coating Systems news, SVP Brian A. Berube sold 7,500 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $31.19, for a total transaction of $233,925.00. Following the completion of the transaction, the senior vice president now owns 44,408 shares in the company, valued at $1,385,085.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Anthony Massey sold 17,915 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $30.88, for a total transaction of $553,215.20. Following the completion of the sale, the vice president now owns 19,420 shares of the company’s stock, valued at approximately $599,689.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,915 shares of company stock worth $1,123,035. Corporate insiders own 0.40% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in AXTA. KB Financial Partners LLC acquired a new stake in Axalta Coating Systems in the 1st quarter worth approximately $25,000. Itau Unibanco Holding S.A. purchased a new stake in Axalta Coating Systems in the 2nd quarter worth $28,000. Fifth Third Bancorp increased its holdings in Axalta Coating Systems by 140.6% in the 2nd quarter. Fifth Third Bancorp now owns 984 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 575 shares in the last quarter. Spire Wealth Management grew its holdings in shares of Axalta Coating Systems by 53.0% during the second quarter. Spire Wealth Management now owns 1,541 shares of the specialty chemicals company’s stock worth $51,000 after buying an additional 534 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Axalta Coating Systems by 35.6% during the third quarter. CWM LLC now owns 2,474 shares of the specialty chemicals company’s stock worth $67,000 after buying an additional 649 shares in the last quarter. Hedge funds and other institutional investors own 98.64% of the company’s stock.
Axalta Coating Systems 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.
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