Axalta Coating Systems Ltd. (NYSE: AXTA) is 15.98% higher on its value in year-to-date trading and has touched a low of $20.66 and a high of $32.56 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AXTA stock was last observed hovering at around $30.01 in the last trading session, with the day’s loss setting it -0.47% off its average median price target of $35.00 for the next 12 months. It is also 26.15% off the consensus price target high of $40.00 offered by 19 analysts, but current levels are -5.5% lower than the price target low of $28.00 for the same period.
Currently trading at $29.54, the stock is -3.37% and -2.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.03 million and changing -1.57% at the moment leaves the stock 9.13% off its SMA200. AXTA registered 13.92% gain for a year compared to 6-month gain of 14.54%. The firm has a 50-day simple moving average (SMA 50) of $2.00 and a 200-day simple moving average (SMA200) of $13.66.
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The stock witnessed a -4.18% loss in the last 1 month and extending the period to 3 months gives it a 2.61%, and is -3.37% down 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 2.08% over the week and 2.34% over the month.
Axalta Coating Systems Ltd. (AXTA) has around 12000 employees, a market worth around $6.62B and $4.99B in sales. Current P/E ratio is 31.06 and Fwd P/E is 16.20. Profit margin for the company is 4.20%. Distance from 52-week low is 42.98% and -9.28% from its 52-week high. The company has generated returns on investments over the last 12 months (6.70%).
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 “Overweight”. 19 analysts offering their recommendations for the stock have an average rating of 2.30, where 5 rate it as a Hold and 2 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Axalta Coating Systems Ltd. is expected to release its quarterly report on 07/26/2023.The EPS is expected to shrink by -24.30% this year
Axalta Coating Systems Ltd. (AXTA) Top Institutional Holders
The shares outstanding are 221.20M, and float is at 219.07M with Short Float at 4.21%.
Axalta Coating Systems Ltd. (AXTA) Insider Activity
A total of 49 insider transactions have happened at Axalta Coating Systems Ltd. (AXTA) in the last six months, with sales accounting for 20 and purchases happening 29 times. The most recent transaction is an insider purchase by COOK WILLIAM M, the company’s Director. SEC filings show that COOK WILLIAM M bought 2,500 shares of the company’s common stock on Mar 14 at a price of $29.55 per share for a total of $73875.0. Following the purchase, the insider now owns 4500.0 shares.
Axalta Coating Systems Ltd. disclosed in a document filed with the SEC on Mar 13 that Villavarayan Chris (CEO & President) bought a total of 34,440 shares of the company’s common stock. The trade occurred on Mar 13 and was made at $29.20 per share for $1.01 million. Following the transaction, the insider now directly holds 34440.0 shares of the AXTA stock.
Axalta Coating Systems Ltd. (AXTA): Who are the competitors?
The company’s main competitors (and peers) include The Sherwin-Williams Company (SHW) that is trading -11.76% down over the past 12 months. PPG Industries Inc. (PPG) is 8.63% up on the 1-year trading charts.
