Axalta Coating Systems - AXTA Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Axalta Coating Systems in the last twelve months. There are currently 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AXTA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AXTA, but not buy additional shares or sell existing shares.
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10 equities research analysts have issued twelve-month price targets for Axalta Coating Systems' shares. Their AXTA share price forecasts range from $26.00 to $34.00. On average, they predict the company's share price to reach $29.73 in the next year. This suggests a possible upside of 11.2% from the stock's current price.
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Axalta Coating Systems' stock was trading at $33.12 at the beginning of 2022. Since then, AXTA stock has decreased by 19.3% and is now trading at $26.74.
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Axalta Coating Systems saw a increase in short interest in July. As of July 31st, there was short interest totaling 6,300,000 shares, an increase of 9.8% from the July 15th total of 5,740,000 shares. Based on an average daily volume of 2,380,000 shares, the short-interest ratio is presently 2.6 days. Currently, 2.9% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
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Axalta Coating Systems Ltd. (NYSE:AXTA) issued its quarterly earnings results on Tuesday, July, 26th. The specialty chemicals company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. Axalta Coating Systems had a net margin of 4.49% and a trailing twelve-month return on equity of 21.80%. During the same quarter in the prior year, the firm earned $0.48 EPS.

Axalta Coating Systems updated its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $0.37-$0.45 for the period, compared to the consensus estimate of $0.51. The company issued revenue guidance of $1.25 billion-$1.27 billion, compared to the consensus revenue estimate of $1.23 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 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 shareholders include JPMorgan Chase & Co. (3.98%), FMR LLC (3.03%), Pzena Investment Management LLC (2.30%), River Road Asset Management LLC (1.61%), Allspring Global Investments Holdings LLC (1.00%) and Marathon Asset Management Ltd (0.90%). 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 $26.74.

Axalta Coating Systems (NYSE:AXTA) has a market capitalization of $5.90 billion and generates $4.42 billion in revenue each year. The specialty chemicals company earns $263.90 million in net income (profit) each year or $0.91 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.