Axalta Coating Systems Ltd. (AXTA) Going Through Hard Times This Year

Judith Bessette
Julho 17, 2017

The firm has a market capitalization of $8.09 billion and a price-to-earnings ratio of 110.60.

Axalta Coating Systems (NASDAQ:AXTA) opened at 32.43 on Thursday. Jefferies Group LLC set a $36.00 price objective on shares of Axalta Coating Systems and gave the stock a "buy" rating in a research note on Saturday, March 25th. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 945,533 shares of the company's stock were exchanged.

Axalta Coating Systems Ltd (AXTA) traded up 0.94% during mid-day trading on Friday, reaching $33.40. Company chares are trading at $33.40 a bit higher than $32.29, the stock's 50 day moving average and which is just over the 200 day moving average of $30.42. Following the completion of the sale, the vice president now directly owns 16,286 shares in the company, valued at $537,438.

Here is the rundown on market activity for Axalta Coating Systems Ltd. (NYSE:AXTA).

Axalta Coating Systems Ltd.is a holding company. The shares were sold at an average price of $31.35, for a total transaction of $136,059.00. Following the completion of the sale, the senior vice president now owns 142,551 shares of the company's stock, valued at $4,580,163.63. Axalta Coating Systems Ltd (NYSE:AXTA) has risen 13.74% since July 15, 2016 and is uptrending. BidaskClub lowered Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday, June 29th.

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Several other hedge funds also recently bought and sold shares of the company. Citigroup Inc. restated a "neutral" rating and issued a $33.00 price objective (up from $30.00) on shares of Axalta Coating Systems in a research report on Friday, April 14th. Comerica Bank purchased a new stake in shares of Axalta Coating Systems during the fourth quarter valued at $218,000. Daiwa Securities Group Inc. raised its stake in shares of Axalta Coating Systems by 16.7% in the first quarter. Janus Capital Management LLC boosted its stake in Axalta Coating Systems by 43.9% in the fourth quarter. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $994.43 million. The specialty chemicals company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02.

Over the last 5 years, Axalta Coating Systems Ltd. has averaged a -26.20% YoY EPS growth rate and a -1.00% revenue growth rate. During the same period in the previous year, the firm posted $0.18 EPS. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Dimensional Fund Advisors LP boosted its stake in Axalta Coating Systems by 6.3% in the fourth quarter. The specialty chemicals company reported $0.26 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.24 by $0.02.

Analysts await Axalta Coating Systems Ltd (NYSE:AXTA) to report earnings on July, 25. If you are reading this piece of content on another site, it was illegally copied and republished in violation of US & worldwide copyright and trademark laws. Finally, HighTower Advisors LLC raised its position in shares of Axalta Coating Systems by 1.4% in the first quarter. The correct version of this article can be viewed at https://www.thestockobserver.com/2017/07/17/bank-of-america-corp-de-raises-stake-in-axalta-coating-systems-ltd-axta.html. The mean target of $34.50 should be compared with the price when the stock was languishing around $24.27 a share. Following the transaction, the chief financial officer now owns 328,234 shares in the company, valued at $10,546,158.42.

In related news, CEO Charles W. Shaver sold 179,487 shares of the stock in a transaction that occurred on Monday, May 15th. Creative Planning now owns 9,684 shares of the specialty chemicals company's stock worth $312,000 after buying an additional 89 shares during the last quarter. And it remains to be seen which target price AXTA can achieve without sacrificing much as the company is holding a 19.97% gain for the past twelve months. The Company's segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

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