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

17 Wall Street equities 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 equities research analysts is that investors should "buy" AXTA shares.
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17 brokers have issued 1 year price targets for Axalta Coating Systems' shares. Their AXTA share price forecasts range from $24.00 to $40.00. On average, they expect the company's share price to reach $31.95 in the next twelve months. This suggests a possible upside of 6.4% from the stock's current price.
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Axalta Coating Systems' stock was trading at $25.47 on January 1st, 2023. Since then, AXTA stock has increased by 17.9% and is now trading at $30.02.
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Axalta Coating Systems saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 7,520,000 shares, a drop of 18.4% from the April 30th total of 9,220,000 shares. Based on an average trading volume of 2,900,000 shares, the short-interest ratio is presently 2.6 days. Currently, 3.4% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
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Axalta Coating Systems Ltd. (NYSE:AXTA) issued its quarterly earnings data on Tuesday, May, 2nd. The specialty chemicals company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. The specialty chemicals company earned $1.28 billion during the quarter, compared to the consensus estimate of $1.24 billion. Axalta Coating Systems had a trailing twelve-month return on equity of 23.36% and a net margin of 4.22%. The firm's revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 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), Innovator IBD Breakout Opportunities ETF (BOUT), Schwab Ariel ESG ETF (SAEF), JPMorgan Active Value ETF (JAVA), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), First Trust Mid Cap Growth AlphaDEX Fund (FNY) and Vanguard Materials ETF (VAW).

Axalta Coating Systems updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $0.34-$0.40 for the period, compared to the consensus EPS estimate of $0.39. The company issued revenue guidance of $1.32 billion-$1.36 billion, compared to the consensus revenue estimate of $1.31 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 Raytheon Technologies (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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.65%), Barrow Hanley Mewhinney & Strauss LLC (7.52%), Boston Partners (6.04%), FMR LLC (4.43%), Shapiro Capital Management LLC (3.24%) and State Street Corp (3.00%). Insiders that own company stock include Barry S Snyder, Barry S Snyder, Berkshire Hathaway Inc, Chris Villavarayan, Robert M Mclaughlin, Steven R Markevich, 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 $30.02.

Axalta Coating Systems (NYSE:AXTA) has a market capitalization of $6.65 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 $0.95 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.