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

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Axalta Coating Systems in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AXTA shares.
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17 Wall Street research analysts have issued 12-month target prices for Axalta Coating Systems' shares. Their AXTA share price forecasts range from $27.00 to $40.00. On average, they expect the company's share price to reach $33.24 in the next twelve months. This suggests a possible upside of 23.5% from the stock's current price.
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Axalta Coating Systems' stock was trading at $25.47 at the beginning of the year. Since then, AXTA stock has increased by 5.7% and is now trading at $26.92.
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Axalta Coating Systems saw a increase in short interest in August. As of August 31st, there was short interest totaling 6,270,000 shares, an increase of 14.0% from the August 15th total of 5,500,000 shares. Based on an average trading volume of 2,230,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.8% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
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Axalta Coating Systems Ltd. (NYSE:AXTA) issued its quarterly earnings data on Wednesday, August, 2nd. The specialty chemicals company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.39 by $0.04. The specialty chemicals company earned $1.29 billion during the quarter, compared to analyst estimates of $1.34 billion. Axalta Coating Systems had a trailing twelve-month return on equity of 21.28% and a net margin of 4.50%. Axalta Coating Systems's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $0.41 earnings per share.

ETFs with the largest weight of Axalta Coating Systems (NYSE:AXTA) stock in their portfolio include ProShares Smart Materials ETF (TINT), Adaptiv Select ETF (ADPV), Schwab Ariel ESG ETF (SAEF), WisdomTree U.S. Growth & Momentum Fund (WGRO), JPMorgan Active Value ETF (JAVA), Vanguard Materials ETF (VAW), Nuveen ESG Small-Cap ETF (NUSC) and First Trust BuyWrite Income ETF (FTHI).

Axalta Coating Systems updated its third quarter 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of $0.35-$0.40 for the period, compared to the consensus EPS estimate of $0.42. The company issued revenue guidance of $1.28 billion-$1.30 billion, compared to the consensus revenue estimate of $1.32 billion.

42 employees have rated Axalta Coating Systems Chief Executive Officer Robert Bryant on Glassdoor.com. Robert Bryant has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Axalta Coating Systems investors own include AT&T (T), Intel (INTC), AbbVie (ABBV), Micron Technology (MU), PPG Industries (PPG), Wells Fargo & Company (WFC), BlackRock (BLK), General Motors (GM), Johnson & Johnson (JNJ) and RTX (RTX).

(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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "AXTA."

Axalta Coating Systems' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (11.27%), JPMorgan Chase & Co. (5.44%), Boston Partners (3.01%), State Street Corp (2.98%), Shapiro Capital Management LLC (2.78%) and Ariel Investments LLC (2.54%). Insiders that own company stock include Barry S Snyder, Barry S Snyder, Chris Villavarayan, Deborah J Kissire, Jacqueline Scanlan, Kevin M Stein, Robert M Mclaughlin, Troy D Weaver and William M Cook.
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Shares of AXTA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AXTA stock can currently be purchased for approximately $26.92.

Axalta Coating Systems (NYSE:AXTA) has a market capitalization of $5.97 billion and generates $4.88 billion in revenue each year. The specialty chemicals company earns $191.60 million in net income (profit) each year or $1.02 on an earnings per share basis.

The company employs 12,000 workers across the globe.

Axalta Coating Systems' mailing address is 2001 MARKET STREET SUITE 3600 TWO COMMERCE SQUARE, PHILADELPHIA PA, 19103. The official website for the company is www.axalta.com. The specialty chemicals company can be reached via phone at (855) 547-1461 or via email at christopher.mecray@axalta.com.