Axalta Coating Systems Stock Forecast, Price & News

Axalta Coating Systems' stock was trading at $20.32 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, AXTA shares have increased by 25.8% and is now trading at $25.57.
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16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Axalta Coating Systems in the last year. There are currently 3 hold ratings, 12 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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Axalta Coating Systems is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
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Axalta Coating Systems will be holding an earnings conference call on Thursday, October 22nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Axalta Coating Systems Ltd. (NYSE:AXTA) posted its earnings results on Wednesday, July, 29th. The specialty chemicals company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.13) by $0.02. The specialty chemicals company had revenue of $652.70 million for the quarter, compared to analysts' expectations of $625.17 million. Axalta Coating Systems had a net margin of 1.99% and a return on equity of 19.38%. Axalta Coating Systems's revenue was down 43.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 EPS.
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Axalta Coating Systems updated its third quarter 2020 Pre-Market earnings guidance on Wednesday, July, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $885.6-940.95 million, compared to the consensus revenue estimate of $900.35 million.

16 analysts have issued 1-year price targets for Axalta Coating Systems' shares. Their forecasts range from $20.00 to $28.00. On average, they expect Axalta Coating Systems' share price to reach $26.00 in the next twelve months. This suggests a possible upside of 1.7% from the stock's current price.
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Axalta Coating Systems saw a increase in short interest in September. As of September 30th, there was short interest totaling 5,470,000 shares, an increase of 22.6% from the September 15th total of 4,460,000 shares. Based on an average trading volume of 2,450,000 shares, the days-to-cover ratio is presently 2.2 days.
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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 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 retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.79%), Assenagon Asset Management S.A. (0.12%), Envestnet Asset Management Inc. (0.05%), SeaBridge Investment Advisors LLC (0.03%), DNB Asset Management AS (0.01%) and Nissay Asset Management Corp Japan ADV (0.01%). Company insiders that own Axalta Coating Systems stock include Andreas Kramvis, Berkshire Hathaway Inc, Charles W Shaver, Joseph F Mcdougall, Michael A Cash, Robert W Bryant, Sean M Lannon and Steven R Markevich.
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AXTA stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Confluence Investment Management LLC, Envestnet Asset Management Inc., Nelson Van Denburg & Campbell Wealth Management Group LLC, and SeaBridge Investment Advisors LLC. Company insiders that have sold Axalta Coating Systems company stock in the last year include Berkshire Hathaway Inc, and Steven R Markevich.
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AXTA stock was bought by a variety of institutional investors in the last quarter, including IBM Retirement Fund, IFM Investors Pty Ltd, DNB Asset Management AS, and Nissay Asset Management Corp Japan ADV.
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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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of AXTA stock can currently be purchased for approximately $25.57.

Axalta Coating Systems has a market capitalization of $6.02 billion and generates $4.48 billion in revenue each year. The specialty chemicals company earns $249 million in net income (profit) each year or $1.80 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' 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]