Axalta Coating Systems Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Axalta Coating Systems in the last twelve months. There are currently 2 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Axalta Coating Systems stock.
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Axalta Coating Systems saw a increase in short interest during the month of May. As of May 28th, there was short interest totaling 10,040,000 shares, an increase of 37.5% from the May 13th total of 7,300,000 shares. Based on an average trading volume of 3,260,000 shares, the short-interest ratio is currently 3.1 days. Approximately 4.3% of the company's stock are short sold.
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Axalta Coating Systems is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
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Axalta Coating Systems Ltd. (NYSE:AXTA) issued its earnings results on Sunday, April, 25th. The specialty chemicals company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.42 by $0.08. The specialty chemicals company earned $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. Axalta Coating Systems had a net margin of 2.22% and a trailing twelve-month return on equity of 25.94%. The firm's revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share.
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Axalta Coating Systems' stock was trading at $20.32 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, AXTA shares have increased by 52.8% and is now trading at $31.05.
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Axalta Coating Systems updated its FY 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share (EPS) guidance of 1.950-2.100 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.900. The company issued revenue guidance of $4.49 billion-$4.56 billion, compared to the consensus revenue estimate of $4.30 billion.

9 brokerages have issued 1 year price targets for Axalta Coating Systems' shares. Their forecasts range from $26.00 to $41.00. On average, they anticipate Axalta Coating Systems' stock price to reach $34.56 in the next year. This suggests a possible upside of 11.3% from the stock's current price.
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42 employees have rated Axalta Coating Systems CEO Robert Bryant on Glassdoor.com. Robert Bryant has an approval rating of 80% among Axalta Coating Systems' employees.

Some companies that are related to Axalta Coating Systems include PPG Industries (PPG), Akzo Nobel (AKZOD), Akzo Nobel (AKZOY), RPM International (RPM) and Ferro (FOE).
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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 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 served 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.37%), Berkshire Hathaway Inc (5.96%), Massachusetts Financial Services Co. MA (4.42%), Shapiro Capital Management LLC (4.05%), Rivulet Capital LLC (2.75%) and Vaughan Nelson Investment Management L.P. (1.97%). Company insiders that own Axalta Coating Systems stock include Barry S Snyder, Berkshire Hathaway Inc, Robert M Mclaughlin and Steven R Markevich.
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AXTA stock was sold by a variety of institutional investors in the last quarter, including Berkshire Hathaway Inc, London Co. of Virginia, Robeco Institutional Asset Management B.V., Schonfeld Strategic Advisors LLC, Sessa Capital IM L.P., BlackRock Inc., Carlson Capital L P, and Healthcare of Ontario Pension Plan Trust Fund. Company insiders that have sold Axalta Coating Systems company stock in the last year include Barry S Snyder, Berkshire Hathaway Inc, Robert M Mclaughlin, and Steven R Markevich.
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AXTA stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Morgan Stanley, Parsifal Capital Management LP, Shapiro Capital Management LLC, Assenagon Asset Management S.A., Renaissance Technologies LLC, Millennium Management LLC, and Massachusetts Financial Services Co. MA.
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Shares of AXTA 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 $31.05.

Axalta Coating Systems has a market capitalization of $7.23 billion and generates $3.74 billion in revenue each year. The specialty chemicals company earns $121.60 million in net income (profit) each year or $1.33 on an earnings per share basis.

Axalta Coating Systems employs 14,000 workers across the globe.

The official website for Axalta Coating Systems is www.axalta.com.

Axalta Coating Systems is headquartered at 2001 MARKET STREET SUITE 3600 TWO COMMERCE SQUARE, PHILADELPHIA PA, 19103.

Axalta Coating Systems' mailing address is 2001 MARKET STREET SUITE 3600 TWO COMMERCE SQUARE, PHILADELPHIA PA, 19103. The specialty chemicals company can be reached via phone at (855) 547-1461 or via email at [email protected]