Axalta Coating Systems (AXTA) Reaches New 52-Week Low at $25.26

Share on StockTwits

Axalta Coating Systems Ltd (NYSE:AXTA) shares reached a new 52-week low on Friday . The company traded as low as $25.26 and last traded at $25.50, with a volume of 1418263 shares trading hands. The stock had previously closed at $25.60.

AXTA has been the subject of a number of recent analyst reports. Citigroup lowered their price objective on shares of Axalta Coating Systems from $33.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, October 11th. Zacks Investment Research upgraded shares of Axalta Coating Systems from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. JPMorgan Chase & Co. upgraded shares of Axalta Coating Systems from a “neutral” rating to an “overweight” rating and set a $33.00 price objective for the company in a research report on Friday, July 27th. Nomura lowered their price objective on shares of Axalta Coating Systems from $34.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Barclays restated a “hold” rating and issued a $32.00 price objective on shares of Axalta Coating Systems in a research report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. Axalta Coating Systems presently has a consensus rating of “Hold” and a consensus price target of $33.33.

The firm has a market capitalization of $6.20 billion, a PE ratio of 21.35, a PEG ratio of 1.40 and a beta of 1.26. The company has a quick ratio of 1.67, a current ratio of 2.27 and a debt-to-equity ratio of 2.73.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Wednesday, July 25th. The specialty chemicals company reported $0.36 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.36. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Axalta Coating Systems had a return on equity of 21.32% and a net margin of 2.97%. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. As a group, equities analysts expect that Axalta Coating Systems Ltd will post 1.27 earnings per share for the current year.

In other news, EVP Steven R. Markevich sold 16,197 shares of the firm’s stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $29.17, for a total value of $472,466.49. Following the completion of the transaction, the executive vice president now owns 161,697 shares in the company, valued at approximately $4,716,701.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert M. Mclaughlin sold 4,920 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $30.33, for a total value of $149,223.60. Following the completion of the transaction, the director now owns 39,442 shares of the company’s stock, valued at approximately $1,196,275.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 345,391 shares of company stock valued at $10,268,682. Corporate insiders own 2.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in AXTA. JPMorgan Chase & Co. grew its holdings in shares of Axalta Coating Systems by 18.3% in the 1st quarter. JPMorgan Chase & Co. now owns 372,507 shares of the specialty chemicals company’s stock valued at $11,247,000 after acquiring an additional 57,626 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Axalta Coating Systems by 24.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,190,574 shares of the specialty chemicals company’s stock valued at $35,943,000 after acquiring an additional 233,505 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Axalta Coating Systems by 112.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 19,444 shares of the specialty chemicals company’s stock valued at $587,000 after acquiring an additional 10,311 shares in the last quarter. A.R.T. Advisors LLC bought a new position in shares of Axalta Coating Systems in the 1st quarter valued at about $1,504,000. Finally, Jane Street Group LLC grew its holdings in shares of Axalta Coating Systems by 28.6% in the 1st quarter. Jane Street Group LLC now owns 9,902 shares of the specialty chemicals company’s stock valued at $299,000 after acquiring an additional 2,202 shares in the last quarter.

Axalta Coating Systems Company Profile (NYSE:AXTA)

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings primarily for the transportation industry. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various specially-formulated water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

Featured Story: Understanding Compound Annual Growth Rate (CAGR)

Receive News & Ratings for Axalta Coating Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply