Axalta Coating Systems - AXTA Stock Forecast, Price & News

16 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, 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AXTA shares.
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16 Wall Street analysts 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 anticipate the company's stock price to reach $30.54 in the next year. This suggests a possible upside of 2.8% 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 shares have increased by 16.6% and is now trading at $29.70.
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Axalta Coating Systems saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 6,650,000 shares, an increase of 23.6% from the December 31st total of 5,380,000 shares. Based on an average trading volume of 2,000,000 shares, the days-to-cover ratio is presently 3.3 days. Currently, 3.0% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
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Axalta Coating Systems Ltd. (NYSE:AXTA) announced its quarterly earnings data on Thursday, January, 26th. The specialty chemicals company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.02. The specialty chemicals company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Axalta Coating Systems had a net margin of 3.92% and a trailing twelve-month return on equity of 24.05%. The business's revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS.

Axalta Coating Systems issued an update on its first quarter 2023 earnings guidance on Wednesday, January, 25th. The company provided EPS guidance of $0.26-$0.33 for the period, compared to the consensus estimate of $0.33. The company issued revenue guidance of $1.23 billion-$1.28 billion, compared to the consensus revenue estimate of $1.20 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 retail and institutional investors. Top institutional shareholders include Pzena Investment Management LLC (2.11%), River Road Asset Management LLC (0.97%), Allspring Global Investments Holdings LLC (0.80%), National Bank of Canada FI (0.50%), Leeward Investments LLC MA (0.45%) and Vaughan Nelson Investment Management L.P. (0.40%). Insiders that own company stock include Barry S Snyder, Barry S Snyder, Berkshire Hathaway Inc, 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 $29.70.

Axalta Coating Systems (NYSE:AXTA) has a market capitalization of $6.55 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 $0.86 on an earnings per share basis.

The company employs 13,000 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.