Why Shares of Axalta Coating Systems Ltd. (AXTA) Are Going Crazy

Axalta Coating Systems Ltd. (NYSE: AXTA) is 1.33% higher on its value in year-to-date trading and has touched a low of $12.92 and a high of $31.26 in the current 52-week trading range. The AXTA stock was last observed hovering at around $28.20 in the last trading session, with the day’s gains setting it 0.73% off its average median price target of $33.00 for the next 12 months. It is also 25.82% off the consensus price target high of $39.00 offered by 19 analysts, but current levels are 0.24% higher than the price target low of $29.00 for the same period.

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Currently trading at $28.93, the stock is 0.75% and 3.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.93 million and changing 2.59% at the moment leaves the stock 23.80% off its SMA200. AXTA registered -4.14% loss for a year compared to 6-month gain of 30.08%. The firm has a 50-day simple moving average (SMA 50) of $28.65 and a 200-day simple moving average (SMA200) of $25.04.

The stock witnessed a 1.40% loss in the last 1 month and extending the period to 3 months gives it a 17.51%, and is 1.94% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.22% over the week and 2.02% over the month.

Axalta Coating Systems Ltd. (AXTA) has around 13000 employees, a market worth around $6.81B and $3.76B in sales. Current P/E ratio is 73.06 and Fwd P/E is 16.63. Profit margin for the company is 2.50%. Distance from 52-week low is 123.92% and -7.45% from its 52-week high. The company has generated returns on investments over the last 12 months (7.90%).

Axalta Coating Systems Ltd. (AXTA) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Axalta Coating Systems Ltd. (AXTA) is a “Buy”. 19 analysts offering their recommendations for the stock have an average rating of 2.00, where 3 rate it as a Hold and 1 think it is a “Overweight”. 15 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Axalta Coating Systems Ltd. is expected to release its quarterly report on 04/28/2021 and quarterly earnings per share for the current quarter are estimated at $0.43 with sales reaching $1.03B over the same period.The EPS is expected to grow by 31.80% this year, but quarterly earnings will post -17.50% year-over-year. Quarterly sales are estimated to shrink -6.10% in year-over-year returns.

Axalta Coating Systems Ltd. (AXTA) Top Institutional Holders

491 institutions hold shares in Axalta Coating Systems Ltd. (AXTA), with 1.01M shares held by insiders accounting for 0.43% while institutional investors hold 98.41% of the company’s shares. The shares outstanding are 235.30M, and float is at 234.47M with Short Float at 2.82%. Institutions hold 97.99% of the Float.

The top institutional shareholder in the company is Berkshire Hathaway, Inc with over 23.42 million shares valued at $519.22 million. The investor’s holdings represent 9.95% of the AXTA Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 18.64 million shares valued at $413.27 million to account for 7.92% of the shares outstanding. The other top investors are Blackrock Inc. which holds 18.57 million shares representing 7.89% and valued at over $411.68 million, while Shapiro Capital Management Company, Inc. holds 3.51% of the shares totaling 8.26 million with a market value of $183.23 million.

Axalta Coating Systems Ltd. (AXTA) Insider Activity

The most recent transaction is an insider sale by MCLAUGHLIN ROBERT M, the company’s Director. SEC filings show that MCLAUGHLIN ROBERT M sold 35,000 shares of the company’s common stock on Nov 18 at a price of $28.36 per share for a total of $0.99 million. Following the sale, the insider now owns 76775.0 shares.

Axalta Coating Systems Ltd. disclosed in a document filed with the SEC on Nov 09 that Lannon Sean M. (SVP & CFO) sold a total of 8,775 shares of the company’s common stock. The trade occurred on Nov 09 and was made at $28.50 per share for $0.25 million. Following the transaction, the insider now directly holds 18664.0 shares of the AXTA stock.

Still, SEC filings show that on Sep 16, Markevich Steven R. (EVP & Pres., Trans. Coatings) disposed off 44,568 shares at an average price of $25.00 for $1.11 million. The insider now directly holds 46,315 shares of Axalta Coating Systems Ltd. (AXTA).

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Axalta Coating Systems Ltd. (AXTA): Who are the competitors?

The company’s main competitors (and peers) include PPG Industries Inc. (PPG) that is trading 11.81% up over the past 12 months. RPM International Inc. (RPM) is 19.15% up on the 1-year trading charts. Short interest in the company’s stock has risen 11.33% from the last report on Nov 12, 2020 to stand at a total of 5.87 million short shares sold with a short interest ratio of 3.39.

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