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Axalta Coating Systems (AXTA) Stock Price, News & Analysis

Axalta Coating Systems logo
$37.93
-0.39 (-1.02%)
(As of 10/31/2024 ET)

About Axalta Coating Systems Stock (NYSE:AXTA)

Key Stats

Today's Range
$37.70
$38.34
50-Day Range
$34.14
$38.34
52-Week Range
$25.92
$38.77
Volume
3.44 million shs
Average Volume
2.04 million shs
Market Capitalization
$8.37 billion
P/E Ratio
28.10
Dividend Yield
N/A
Price Target
$41.00
Consensus Rating
Moderate Buy

Company Overview

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. The company operates through two segments, Performance Coatings and Mobility Coatings. It also 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. In addition, the company provides functional and decorative liquid, and powder coatings used in various industrial applications, including building materials, cabinet, wood and luxury vinyl flooring and furniture market under the Voltatex, AquaEC, Durapon, Hydropon, UNRIVALED, Ceranamel, Industrial, Corlar Industrial, Tufcote, Imron Industrial, Alesta, Teodur, Nap-Gard, Abcite, and Plascoat brands for powder coatings. Further, it develops and supplies electrocoat, primer, the basecoat, and clearcoat products for OEMs of light and commercial vehicles; and coatings systems for various commercial applications, including HDT, MDT, bus, and rail under the Imron, Imron Elite, Centari, Rival, Corlar epoxy undercoats, and AquaEC brands. The company offers products under the Audurra, Abcite, Alesta, AquaEC, Centari, Ceranamel, Challenger, Chemophan, ColorNet, Cromax, Cromax Mosaic, Durapon 70, Duxone, Harmonized Coating Technologies, Imron ExcelPro, Lutophen, Nason, Spies Hecker, Standox, Stollaquid, Syntopal, Syrox, Raptor, U-POL, and Vermeera brand names. The company was formerly known as Axalta Coating Systems Bermuda Co., Ltd. and changed its name to Axalta Coating Systems Ltd. in August 2014. Axalta Coating Systems Ltd. was founded in 1866 and is headquartered in Glen Mills, Pennsylvania.

Axalta Coating Systems Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
82nd Percentile Overall Score

AXTA MarketRank™: 

Axalta Coating Systems scored higher than 82% of companies evaluated by MarketBeat, and ranked 52nd out of 190 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Axalta Coating Systems has received a consensus rating of Moderate Buy. The company's average rating score is 2.91, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Axalta Coating Systems has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Axalta Coating Systems' stock forecast and price target.
  • Earnings Growth

    Earnings for Axalta Coating Systems are expected to grow by 14.56% in the coming year, from $2.06 to $2.36 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Axalta Coating Systems is 28.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.44.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Axalta Coating Systems is 28.09, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 129.53.

  • Price to Earnings Growth Ratio

    Axalta Coating Systems has a PEG Ratio of 0.87. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Axalta Coating Systems has a P/B Ratio of 4.74. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Axalta Coating Systems' valuation and earnings.
  • Percentage of Shares Shorted

    2.93% of the float of Axalta Coating Systems has been sold short.
  • Short Interest Ratio / Days to Cover

    Axalta Coating Systems has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Axalta Coating Systems has recently increased by 9.22%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Axalta Coating Systems does not currently pay a dividend.

  • Dividend Growth

    Axalta Coating Systems does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.93% of the float of Axalta Coating Systems has been sold short.
  • Short Interest Ratio / Days to Cover

    Axalta Coating Systems has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Axalta Coating Systems has recently increased by 9.22%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Axalta Coating Systems has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 15 news articles for Axalta Coating Systems this week, compared to 5 articles on an average week.
  • Search Interest

    Only 1 people have searched for AXTA on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    4 people have added Axalta Coating Systems to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Axalta Coating Systems insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.40% of the stock of Axalta Coating Systems is held by insiders.

  • Percentage Held by Institutions

    98.28% of the stock of Axalta Coating Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Axalta Coating Systems' insider trading history.
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AXTA Stock News Headlines

Axalta Releases Third Quarter 2024 Results
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Axalta Coating Systems (AXTA) Receives a Buy from Wells Fargo
See More Headlines

AXTA Stock Analysis - Frequently Asked Questions

Axalta Coating Systems' stock was trading at $33.97 at the start of the year. Since then, AXTA stock has increased by 11.6% and is now trading at $37.92.
View the best growth stocks for 2024 here
.

Axalta Coating Systems Ltd. (NYSE:AXTA) posted its earnings results on Wednesday, October, 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.08. The business's quarterly revenue was up .8% on a year-over-year basis.

Axalta Coating Systems (AXTA) raised $975 million in an initial public offering (IPO) on Wednesday, November 12th 2014. The company issued 50,000,000 shares at a price of $19.50 per share. Citigroup, Goldman Sachs, Deutsche Bank Securities, J.P. Morgan, BofA Merrill Lynch, Barclays, Credit Suisse and Morgan Stanley acted as the underwriters for the IPO and Jefferies, UBS Investment Bank, Baird, BB&T Capital Markets, Nomura and SMBC Nikko were co-managers.

Axalta Coating Systems' top institutional investors include Perpetual Ltd (0.31%), Leeward Investments LLC MA (0.24%), Marathon Asset Management Ltd (0.20%) and Harbor Capital Advisors Inc. (0.20%). Insiders that own company stock include Robert M Mclaughlin, Chris Villavarayan, Brian A Berube, Deborah J Kissire, Kevin M Stein, Anthony Massey, Hadi Awada, William M Cook, Jacqueline Scanlan and Troy D Weaver.
View institutional ownership trends
.

Shares of AXTA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Axalta Coating Systems investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and General Electric (GE).

Company Calendar

Last Earnings
10/30/2024
Today
10/31/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/13/2025

Industry, Sector and Symbol

Industry
Paints & allied products
Sub-Industry
Chemicals
Fax
N/A
Employees
12,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$41.30
High Stock Price Target
$45.00
Low Stock Price Target
$33.00
Potential Upside/Downside
+8.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
11 Analysts

Profitability

Net Income
$267.40 million
Pretax Margin
7.99%

Debt

Sales & Book Value

Annual Sales
$5.25 billion
Cash Flow
$2.93 per share
Book Value
$8.00 per share

Miscellaneous

Free Float
218,428,000
Market Cap
$8.37 billion
Optionable
Optionable
Beta
1.44
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This page (NYSE:AXTA) was last updated on 10/31/2024 by MarketBeat.com Staff
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